GTA Real Estate Market Update – July & August 2025
The Greater Toronto Area housing market has been showing signs of steady improvement this summer. By looking at both July and August together, we can see where momentum is building — and where challenges remain.
July 2025: Momentum Picks Up
According to independent market analysis, July marked a turning point in the GTA real estate market:
Sales: 6,100 homes sold — an 11% increase year-over-year, the first positive annual growth in eight months, and the highest July sales in four years.
Listings: 17,613 new listings (+6% YoY). Active listings hit 30,215, a record high and 75% above the 10-year average.
Average Price: $1,051,719 (–5.5% YoY), the sharpest annual drop since April 2023.
Market Conditions: 5.0 months of inventory (vs. 4.4 last year). Still a buyer’s market, but conditions tightened slightly compared to earlier in the year.
Condos: Prices fell 9.3% YoY to $651,483 — the lowest since 2021. Inventory stayed high at 10,000+ active listings, though the pace of growth in supply slowed.
Trends by Segment:
Semi/row/townhomes led sales growth (+14% YoY).
Detached sales grew 11% YoY.
Buyers shifted toward lower-priced homes: condo sales under $500K surged +125%, and low-rise homes under $700K grew more than 60%.
📊 Takeaway from July: Demand was strengthening, especially for entry-level homes, while oversupply — particularly in condos — kept prices under pressure.
August 2025: Buyers’ Market Continues
The Toronto Regional Real Estate Board (TRREB) reported that conditions carried forward into August, though at a slightly slower pace:
Sales: 5,211 homes sold, a 2.3% increase year-over-year.
Listings: 27,495 new listings (+22.4% YoY), expanding supply further.
Average Price: $1,022,143 (–5.2% YoY).
Market Conditions: More than 5 months of inventory, confirming a buyer’s market across all home types.
Condos: Roughly 1,400–1,500 sales, with average prices down 4.2% YoY.
📊 Takeaway from August: Buyers continued to enjoy more choice and negotiating power. Prices remained under pressure as inventory stayed elevated.
Big Picture – What This Means for You
Momentum is building: July’s stronger-than-expected rebound showed that buyer demand is returning. August confirmed the trend, even as high inventory continues to give buyers leverage.
Condos under pressure: Both reports agree condos remain the softest segment, with prices down anywhere from –4% to –9% year-over-year, depending on the source.
Opportunities in lower-priced homes: Buyer demand is strongest below $700K for low-rise homes and below $500K for condos. These segments are seeing the fastest activity.
Overall: It remains a buyer’s market, but with signs of recovery in demand. The next few months may present an ideal opportunity for buyers who’ve been waiting on the sidelines.
👉 Whether you’re buying or selling, the market is shifting — and knowing how to navigate these changes is key. If you’d like to discuss how these trends impact your goals, let’s connect.