December 2025
TRREB professional newsletter
Altus Group's monthly snapshot of Toronto’s new home and commercial market - giving TRREB professionals the data and trends they need to stay one step ahead.
TRREB members can sign in at OntarioMLP.ca and select MLS® Tools to access Altus Data Studio.
COMMERCIAL
Featured property transactions
Greater Toronto Area: Apartment
100 Tyndall Avenue, Old Toronto
$14,531,750
$302,745 per unit
Greater Golden Horseshoe: Industrial
160 McGovern Drive, Cambridge
$6,000,000
$357 per sq. ft.
Greater Toronto Area transactions
Sector | Municipality | Address | Price | Unit price | Parameter | Transaction Date | Brokers |
|---|---|---|---|---|---|---|---|
Industrial | Burlington | 1121 Walkers Line | $60,500,000 | $210 | per sq. ft. | Dec. 5, 2025 | |
Apartment | York | 2559 - 2561 Bloor Street West | $14,350,000 | $235,246 | per unit | Nov. 28, 2025 | David Montressor & Tom Schuster (CBRE) |
Industrial | Mississauga | 2386 - 2398 Haines Road | $12,600,000 | $251 | per sq. ft. | Nov. 28, 2025 | Patrick Campbell (Avison Young) & Aman Matharu (Royal LePage Flower City Realty) |
Office | Old Toronto | 76 Stafford Street & 850 Adelaide Street West | $8,200,000 | $328 | per sq. ft. | Dec. 3, 2025 | Joel Goulding & Alan Rawn (Cushman & Wakefield) |
Greater Golden Horseshoe Area transactions
Sector | Municipality | Address | Price | Unit price | Parameter | Transaction Date |
|---|---|---|---|---|---|---|
Industrial | Guelph | 935 & 945 Southgate Drive | $126,250,000 | $219 | per sq. ft. | Dec. 3, 2025 |
Industrial | Brantford | 300 Henry Street | $18,350,000 | $80 | per sq. ft. | Nov. 20, 2025 |
Apartment | Kitchener | 212 Belmont Avenue West | $3,300,000 | $235,714 | per unit | Nov. 18, 2025 |
Retail | Niagara Falls | 3464 Cattell Drive | $2,200,000 | $293 | per sq. ft. | Dec. 2, 2025 |
Sector spotlight
Greater Toronto Area building sales activity by quarter, 2019 - 2025
This chart displays the total dollar volume invested and the average price per unit on a quarterly basis for all apartment building transactions over $1M in the GTA.
By the close of the third quarter, the apartment sector recorded nearly $1.1 billion in dollar volume transacted, down 39% compared to the corresponding period in the previous year. This decline was attributed to several factors, including the high cost of capital and overall economic uncertainty.
The average price per unit by the third quarter of 2025 was $352,093, representing a modest 2% increase year-over-year.
Greater Toronto Area building sales activity by region, 2019-2025
This chart displays the total dollar volume invested by region and the total number of apartment building transactions over $1M in the Greater Toronto Area.
By close of the third quarter, 80 transactions were recorded, down three transactions from the 83 recorded in the same period last year.
Halton and Peel region observed the highest year-over-year growth in investment volume, recording nearly $130 and $373 million in dollar volume transacted, respectively.
Conversely, Toronto saw the largest year-over-year decline of 66%, with nearly $553 million in dollar volume transacted. York region followed, down 39% year-over-year, with $10 million transacted.
RESIDENTIAL
New project openings
Coming soon
Riverview
by Caivan
1300 Bronte Road
Oakville, ON
Expected opening: Early 2026
Description:
Coming soon to Oakville, Riverview by Cavian will feature a collection of detached homes and townhomes. The proposed development will include 38 single detached homes and 97 condo towns.
Builder commissions & incentives
North Oak Condos at Oakvillage - Tower 4C
by Minto Developments
5% commission (as of December 11, 2025)
Price range: $587,900 - $990,900
Oakville (3065 Trafalgar Road)
Occupancy: October 1, 2028
Westshore
by Minto Developments
3.5% commission (as of December 11, 2025)
Price range: $586,900 - $1,126,900
W6 - Toronto/Etobicoke (3580-3600 Lake Shore Boulevard West)
Occupancy: February 1, 2026
INSIGHTS Spotlight
Catch the latest research and insights from Altus
What regional data reveals about Canada's 2026 housing outlook
Altus Group analysis shared in recent consultations with the Bank of Canada points to an uneven adjustment in activity, feasibility and development models across Canada’s real estate markets
Canadian commercial market update – Q3 2025
Canada’s CRE market slowed in Q3 2025 as capital moved to value plays and resilient regions, revealing which sectors and cities are still holding their ground.
Toronto commercial market update – Q3 2025
Our latest analysis of the Toronto market shows investment activity easing in Q3 2025 as capital remains cautious. Retail and industrial sectors continue to hold steady, while office, land, and multifamily adjust to shifting economic and financing conditions.
Disclaimer: The opinions expressed in this newsletter are solely those of the authors and are not endorsed by Altus Group Limited, its affiliates and its related entities (collectively “Altus Group”). This publication has been prepared for general guidance on matters of interest only and does not constitute professional advice or services of Altus Group. You should not act upon the information contained in this publication without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy, completeness or reliability of the information contained in this publication, or the suitability of the information for a particular purpose. To the extent permitted by law, Altus Group does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it. The distribution of this publication to you does not create, extend or revive a client relationship between Altus Group and you or any other person or entity. This publication, or any part thereof, may not be reproduced or distributed in any form for any purpose without the express written consent of Altus Group.