July 2025 delivered the strongest July for home sales in the Greater Toronto Area since 2021. According to the Toronto Regional Real Estate Board (TRREB), 6,100 properties changed hands—marking a 10.9% increase compared to July 2024. While not a full recovery, the market is showing signs of stabilization as more buyers re-enter amidst softened prices and sustained inventory.
📈 Key Market Highlights:
Sales Volume: 6,100 homes sold (+10.9% YoY)
Average Home Price: $1,051,719 (↓4.5% from June 2025, ↓5.5% YoY)
Active Listings: 30,215 properties (↑26% from July 2024)
New Listings: Down from June, indicating a modest tightening in supply
Buyers are responding to improved affordability conditions. With borrowing costs stabilizing and home prices adjusting, the second half of 2025 may present one of the most buyer-friendly environments in recent years.
Royal LePage President Phil Soper noted in a recent interview that wage growth has outpaced home price declines:
“We’ve had home prices declining, the cost of borrowing declining and wages and salaries stronger than typical… it’s an affordability window we haven’t seen in the country since the mid-90s.”
🏘️ Property Type Breakdown – July 2025
Condos
Average Price: $651,483
Sales: 1,576 (7th consecutive month of YoY declines)
Inventory: 10,013 active listings
➡️ Opportunities emerging across many buildings with excess supply.
Townhomes
Average Price: $849,380 (↓7.4%)
Sales: 596 (↑5.3% from June)
Inventory: 2,257
➡️ More movement in this segment as buyers seek value.
Semi-Detached
Average Price: $1,041,359
Sales: 596 (↓0.8% from June)
Inventory: 1,690
➡️ Sales volume remains below historical averages.
Detached Homes
Average Price: $1,361,660 (↓2.2% from June)
Sales: 2,795
Inventory: 13,676 (↑11.3% YoY)
➡️ Price adjustments continue as supply remains elevated.
📌 What Does This Mean for Buyers and Sellers?
For buyers:
You may look back at mid-2025 as the window you were waiting for. Inventory is still high, prices are stable or soft, and mortgage rates have paused. If you're financially ready, this is a time for strategic buying.
For sellers:
Presentation, pricing, and timing are critical. While competition remains high, well-positioned listings are still moving—especially in segments with lower supply or unique value.
🧭 Outlook for Fall 2025
The GTA market appears to be balancing. If buyer confidence continues and interest rates remain steady, we could see further tightening by fall—especially if inventory starts to dip. However, for now, the market remains one of cautious optimism and clear opportunity.
✅ Real Estate With Integrity
Whether you're buying, selling, or simply tracking the market—I’m here to help you navigate it with clarity, strategy, and grounded advice.
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