The Greater Toronto Area housing market showed renewed activity in May 2025 with sales rising 8.4% month-over-month and total sales nearing $7 billion. The average home price was $1,120,879, slightly down 4% from last year but up for two consecutive months. New listings increased to 21,819, boosting inventory to 3.5 months. Toronto led sales volume, followed by York and Simcoe, while Peel and Halton offered more affordable options.
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