Market Update
MEET OUR TEAM
GTA REALTORS RELEASE AUGUST STATS
TORONTO, ONTARIO, September 4, 2025 – August home sales reported by the Toronto Regional Real Estate Board (TRREB) were up on a year-over-year basis. Over the same period, home buyers benefitted from an even larger increase in the inventory of listings. Average selling prices continued to be negotiated downward due to the elevated choice across market segments.
“Compared to last year, we have seen a modest increase in home sales over the summer. With the economy slowing and inflation under control, additional interest rate cuts by the Bank of Canada could help offset the impact of tariffs. Greater affordability would not only support more home sales but also generate significant economic spin-off benefits,” said TRREB President Elechia Barry-Sproule.
Source: TRREB Market Watch
Greater Toronto Area (GTA) REALTORS® reported 5,211 home sales through TRREB’s MLS® System in August 2025 – up by 2.3 per cent compared to August 2024. New listings entered into the MLS® System amounted to 14,038 – up by 9.4 per cent year-over-year.
On a seasonally adjusted basis, August home sales edged lower month-over-month compared to July 2025. In contrast, new listings increased compared to July, reaffirming that buyers continue to benefit from a well-supplied market.
The MLS® Home Price Index Composite benchmark was down by 5.2 per cent year-over-year in August 2025. The average selling price, at $1,022,143, was also down by 5.2 per cent compared to August 2024. On a month-over-month seasonally adjusted basis, the MLS® HPI Composite and average selling price remained flat compared to July.
“A household earning the average income in the GTA is still finding it challenging to afford the monthly mortgage payment associated with the purchase of an average priced home. This is even with lower borrowing costs and selling prices over the past year. Further relief in borrowing costs would see an increased number of buyers move off the sidelines to take advantage of today's well-supplied market,” said TRREB Chief Information Officer Jason Mercer.
“New, large scale infrastructure projects, including affordable housing, public transit, ports and shipbuilding will be important for sustaining Canada’s economic sustainability in the medium-to-long term. However, in the short term, spurring consumer spending on large ticket items like housing could lead recovery, as it has in previous economic cycles,” said TRREB Chief Executive Officer John DiMichele.
Source: TRREB Market Watch
GTA MARKET UPDATE
Source: TRREB Market Watch
MISSISSAUGA MARKET UPDATE
Source: TRREB Market Watch
TORONTO MARKET UPDATE
Source: TRREB Market Watch
OAKVILLE MARKET UPDATE
Source: TRREB Market Watch
BURLINGTON MARKET UPDATE
Source: TRREB Market Watch $1,075,789
MILTON MARKET UPDATE
Source: TRREB Market Watch
VAUGHAN MARKET UPDATE
Source: TRREB Market Watch
DURHAM MARKET UPDATE
Source: TRREB Market Watch
FEATURED PROPERTIES
TESTIMONIALS
CLICK ON THE STARS TO SEE MORE TESTIMONIALS
Selling our home was a very emotional experience. We were expertly guided by Lindsay and her team from the beginning of the process through to the closing date and beyond!
In our initial meeting, Lindsay shared her comparative market analysis that was instrumental in selecting an appropriate and realistic asking price for our home. She also gave us advice on how to prepare our home for listing, and we were so impressed with her staging efforts. Lindsay added decorative pieces to almost every room and then developed a stunning brochure that showcased our home beautifully.
Throughout the process, Lindsay communicated with us, keeping us informed of interest and showings, and the TB Realty Group produced weekly reports of website interest. Lindsay was continually reevaluating the market, adjusting strategies, and we felt so comfortable making decisions with her. In addition, Lindsay knocked on over 200 doors in our neighbourhood to ensure everyone was aware of the listing and garnered much interest from this strategy.
Prior to listing our home, we had made plans to travel to Europe, and Lindsay went above and beyond while we were away to ensure our home was secured after showings. As luck would have it, we received our first offer while we were away and ended up accepting the offer after Lindsay expertly negotiated with the buyers. She even sent us a picture of the sold sign on our lot when the deal was completed! In summary, we were expertly guided through this process with Lindsay’s professional and empathetic approach, her attention to detail, staging ability, and excellent communication throughout!
We highly recommend Lindsay and her team.
- Karen & John
