Toronto Real Estate Market Update – July 2025

The Greater Toronto Area saw its strongest July home sales since 2021 — a clear sign that improved affordability is starting to bring buyers back to the market. With lower prices and slightly reduced borrowing costs, more households are finding opportunities to make homeownership a reality.

In July, 6,100 homes were sold, marking a 10.9% increase over July 2024. Active listings reached 30,215, up 26.2% year-over-year, representing 4.95 months of inventory across all property types. While we’re not quite in a full-on seller’s market yet, anything under five months of inventory suggests we’re trending in that direction. New listings were also up from June, but not nearly as quickly as sales — meaning conditions are tightening.

TRREB’s Chief Market Analyst, Jason Mercer, noted that Canada’s economy is feeling the effects of ongoing trade uncertainty, particularly with the U.S. One way to support economic stability is by boosting the housing market. With more home sales come more local economic activity — everything from renovations to furniture purchases. Lower interest rates could further support this momentum, driving sales and creating positive ripple effects for jobs and regional growth.

Condo sales held steady in July with 1,576 units sold — a 4.4% increase over June, and up 6.3% compared to July 2024. Prices, however, dipped by 9.4% year-over-year, largely due to a surge in newly completed units hitting the market — with more expected into next year.

As always, we are here to answer any questions you have about buying, selling, or just navigating this evolving market.

Hope you’re having a wonderful summer — and we look forward to connecting with you soon!