Toronto Central Real Estate Market – May 2025 Snapshot

Where to Find Value, Competition, and Opportunity

Buying or selling a home in Toronto? Staying updated on the latest market trends is key to making smart decisions. Each month brings subtle shifts in pricing, competition, and inventory that can shape your strategy. Whether you're planning your next move or simply keeping an eye on the market, here’s what’s happening right now in Central, West, and East Toronto. 

Central Toronto Real Estate Trends

Detached Homes in Central Toronto: Premium Choices Remain Strong

Detached homes in Central Toronto continue to command strong prices, with the average now at $2.43 million. There were 246 sales in May, a 11% decrease year-over-year, with homes selling in approximately 24 days. Sellers are achieving 97% of their asking price, even as active listings rose to 1,171 (up 35%).

Semi-Detached Homes: Competitive and In-Demand

Semi-detached homes remain highly desirable, with 89 sales (down 11%) and an average selling time of just 18 days. Buyers are paying an average of $1.57 million, often over asking, with a 101% sale-to-list price ratio. Inventory has increased by 39% year-over-year, providing buyers with more options.

Condo Market in Central Toronto: Buyers Have Choices

Condo sales slowed by 21%, with 645 units sold. The average price is holding steady at $760,000, and sellers are achieving 97% of their asking price. Condos are spending about 33 days on the market. Active listings rose to 4,725, up 14%, giving buyers greater selection.

West Toronto Real Estate Trends

Detached Homes in West Toronto: Balanced and Steady

Detached homes in West Toronto have an average price of $1.53 million. There were 237 sales (down 16%), with properties selling in 23 days on average. Sellers are achieving 100% of their asking price, and active listings are up 54% to 960.

Semi-Detached Homes: Holding Strong in West Toronto

The semi-detached market in West Toronto is staying competitive, with 91 homes sold (up 26%) at an average price of $1.12 million. Homes are selling in 21 days, often above asking price at 104% of the list price. Inventory increased by 39%. 

Condos in West Toronto: A Softer Market

Condo sales dropped 34% to 200 units, but prices remain stable at $650,000. Condos are taking about 34 days to sell, and sellers are getting 97% of asking. Listings have risen to 1,344 (up 24%), giving buyers more choice and bargaining power.

East Toronto Real Estate Trends

Detached Homes in East Toronto: More Affordable Options

East Toronto offers more affordable detached homes with an average price of $1.28 million. There were 298 sales (up 2% year-over-year), with homes selling in 19 days on average. Sellers are securing 103% of their asking price, reflecting strong buyer interest. Active listings jumped 65% to 894.

Semi-Detached Homes: Fast and Competitive in East Toronto

Semi-detached homes in East Toronto sold quickly, with 97 sales (down 5%), averaging just 12 days on the market. These homes are selling for $1.22 million on average and at 109% of the asking price. Inventory nearly doubled, rising 99%.

East Toronto Condo Market: Shifting Slowly

Condos in East Toronto saw a 26% drop in sales to 128 units, but the average price stands at $560,000. Condos are selling in about 29 days, achieving 98% of the asking price. Active listings are up 38% to 786, creating more choice for buyers.

Toronto’s real estate market continues to evolve, offering different opportunities depending on where — and what — you’re looking to buy or sell. If you’re thinking about buying or selling and want advice tailored to today’s market, feel free to contact me— I’m happy to help.