August 2025 Market Update

I hope you’re enjoying the last weeks of summer! As we move into September, here’s a quick look at how the Greater Toronto Area (GTA) real estate market performed in August 2025:

📊 Market Highlights

• Home Sales: GTA REALTORS® reported 5,211 sales through TRREB’s MLS® System — up 22.3% compared to August 2024.
• Average Price: The average selling price across the GTA was $1,022,143, representing a 5.2% decline year-over-year.
• New Listings: There were 14,038 new listings in August, a 9.4% increase from last year. Total active listings reached 27,495, up 22.4% year-over-year, giving buyers more options to choose from.

💡 Market Insights
Home sales saw a healthy increase compared to last summer. With inflation under control, further Bank of Canada rate cuts could improve affordability — potentially boosting sales and creating positive economic ripple effects.

That said, affordability remains a challenge. Even with lower rates and softer prices over the past year, average-income households in the GTA still find it difficult to manage monthly mortgage payments. Additional rate relief could encourage more buyers to step off the sidelines and take advantage of today’s well-supplied market.

🤝 Here to Help
If you’re curious about what’s happening in the market or just want to talk through the latest trends, I’d be happy to share my thoughts. Feel free to reach out anytime — I always enjoy connecting and catching up.