Market Update
MEET
GTA REALTORS RELEASE SEPTEMBER STATS
TORONTO, ONTARIO, October 3, 2025 – September home sales increased in the Greater Toronto Area (GTA) compared to a year earlier, as more homebuyers sought to take advantage of more affordable monthly mortgage payments. Buyers continued to respond to substantial choice in the marketplace by negotiating the average selling price downward.
“The Bank of Canada’s September interest rate cut was welcome news for homebuyers. With lower borrowing costs, more households are now able to afford monthly mortgage payments on a home that meets their needs. Increased home purchases will also stimulate the economy through housing-related spin-off spending helping to offset the impact of ongoing trade challenges,” said Toronto Regional Real Estate Board (TRREB) President Elechia BarrySproule.
Source: TRREB Market Watch
GTA REALTORS® reported 5,592 home sales through TRREB’s MLS® System in September 2025 – up by 8.5 per cent compared to September 2024. New listings entered into the MLS® System amounted to 19,260 – up by four per cent year-over-year.
On a seasonally adjusted basis, September home sales were up month-over-month compared to August 2025. In contrast, new listings were down compared to August, suggesting that market conditions may have tightened slightly in some segments.
The MLS® Home Price Index (MLS® HPI) Composite benchmark was down by 5.5 per cent year-over-year in September 2025. The average selling price, at $1,059,377, was also down by 4.7 per cent compared to September 2024.
On a month-over-month seasonally adjusted basis, the MLS® HPI Composite dipped by 0.5 per cent compared to August. The average selling price remained largely flat compared to August, edging up by 0.2 per cent.
“While home sales have improved over the past year, they still remain below normal levels relative to the number of households in the GTA. Two more 25-basis-point interest rate cuts by the Bank of Canada would see monthly mortgage payments move more in line with homebuyers’ average incomes, further spurring home sales and related economic activity,” said TRREB Chief Information Officer Jason Mercer.
Source: TRREB Market Watch
GTA MARKET UPDATE
Sales
Source: TRREB Market Watch
MISSISSAUGA MARKET UPDATE
Source: TRREB Market Watch
TORONTO MARKET UPDATE
Source: TRREB Market Watch $1,089,918
OAKVILLE MARKET UPDATE
Source:
BURLINGTON MARKET UPDATE
Source: TRREB Market Watch $1,063,970
615
MILTON MARKET UPDATE
Source: TRREB Market Watch
VAUGHAN MARKET UPDATE
Source: TRREB Market Watch
DURHAM MARKET UPDATE
Source: TRREB Market Watch
FEATURED PROPERTIES
TESTIMONIALS
We would like to thank Theresa Baird and Lindsay Meadwell very much for helping us stage, list and sell our home this summer.
Your staging skills really made our home shine, and we were impressed with your creative ideas to attract potential buyers. Every time we had a question, one or both of you responded very quickly. Even when the process seemed to be slow, your frequent check-ins were appreciated.
In spite of a very difficult real estate market, you consistently remained calm, positive, and encouraging. We were most grateful for your experience and negotiation skills when the offer came in. You helped us to stay focused and we are very grateful that we sold and we can now move on with the next chapter of our lives.
Best Wishes to you both.
- Sharon & Bruce
