What does it take to make the Greater Toronto Area a place where everyone can thrive? Affordability, housing supply and traffic are shaping how – and where – people live, work and invest. TRREB’s 2025 Market Outlook & Year in Review report explores these pressing issues and outlines actionable solutions to keep the region vibrant and sustainable.

Housing affordability and supply

Affordability remains a key challenge across the Greater Golden Horseshoe (GGH). High development charges, excessive taxes and complex administrative hurdles not only delay housing projects but also drive up costs, making it more difficult to meet the increasing demand for housing.

“Traffic congestion and housing affordability, whether buying or renting, are interconnected challenges that require dedicated attention and solutions,” says TRREB CEO John DiMichele. “The current system of excessive development charges, increasing taxes and persistent delays due to administrative hurdles, only exacerbates these issues. This stalls any progress on increasing the housing supply needed to support our growing communities.”

2025 market outlook

Lower borrowing costs are anticipated to boost market activity, with 76,000 home sales expected in 2025. The average home price is forecast to see a modest increase, reaching $1.14 million, signaling a return to more balanced market conditions. However, external factors, including the possibility of U.S. tariffs, could influence consumer confidence and impact overall market performance.

Traffic and livability

Congestion affects much more than daily commutes, undermining productivity and making some areas less appealing for residents and businesses. Addressing these challenges requires investment in transit-oriented developments and smarter infrastructure planning to improve mobility and ease traffic pressures.

A collaborative path forward

These challenges cannot be tackled alone. TRREB emphasizes that governments, industry stakeholders and communities must work together to address housing supply, affordability and infrastructure needs. Coordinated efforts will ensure the GTA remains a thriving, inclusive region.

The report also emphasizes the importance of “missing-middle” housing – townhomes, duplexes and lowrise multi-unit buildings – and purpose-built rentals to address the region’s housing needs.

For deeper insights, interactive infographics, and videos, explore the 2025 Market Outlook & Year in Review report at trreb.ca.