In July, Greater Toronto Area (GTA) experienced an astounding rebound in its real estate market. This increase represented the most units in a typical September since 2021. According to the Toronto Regional Real Estate Board’s most recent monthly report, 6,100 homes traded hands last month. That’s a big 10.9 percent jump over the first six months of last year.
In July 2025, the area experienced 17,613 new listings, accounting for a 5.7 percent increase compared to July 2024. Active listings jumped up to 30,215. That’s an astounding 26.2 percent jump from last year’s inventory of 23,936 houses. This overall jump in listings reflects a recovering market, with more households looking for options to achieve their home ownership aspirations.
Average Prices and Market Trends
While sales and new listings are up, the average selling price in the GTA is down 5.5 percent compared to a year ago. As of this writing it’s up to $1,051,719. Our composite benchmark price experienced a drop of 5.4 percent year-over-year. Together, these price changes demonstrate a broader transition of developing market forces at stake.
Multiple reasons play into the drop of prices. The big one is changes in borrowing costs, depressing buyer demand. Barry-Sproule elaborated on these points and their connection to today’s sales trends, stating,
“It’s clear that a growing number of households are finding affordable options for home ownership.”
The jump in new listings and sales could indicate a larger shift in the overall housing market. The Toronto Regional Real Estate Board noted that the worsening conditions are starting to flow through into improved sales of homes. With more properties available and buyers capitalizing on lower prices, the GTA’s housing market may be poised for continued activity.
“Particularly where borrowing costs are concerned.”
Insights into Future Developments
As the landscape evolves, stakeholders will be monitoring how these trends affect both buyers and sellers in the months ahead. What the data shows now is a market that is correcting to economic realities. All the while, it has persisted in creating openings for new hopeful home owners.
As the landscape evolves, stakeholders will be monitoring how these trends affect both buyers and sellers in the months ahead. The current data showcases a market adjusting to economic realities while still fostering opportunities for those looking to enter home ownership.
