Toronto Real Estate Market Update – August 2025

As summer winds down, the market is heating up with more listings and room to negotiate. 

Let’s dive in.

I hope you had a chance to rest, recharge, and soak up some sunshine this summer. As the kids head back to school and the days start to cool, the Toronto real estate market is shifting gears too.

 According to the Toronto Regional Real Estate Board (TRREB), home sales in August 2025 were slightly higher than last year, with 5,211 sales reported, up 2.3% from August 2024. At the same time, inventory climbed significantly, with new listings up 22.4% year-over-year, bringing a total of 27,495 homes of all types to market.

 More choice for buyers has meant additional pressure on prices. The average selling price in August came in at $1,022,143, which is 5.2% lower than the same month last year. With over 5 months of inventory currently available, we continue to sit firmly in a buyer’s market.

 TRREB’s Chief Market Analyst, Jason Mercer, noted that while lower borrowing costs and softer prices have helped, further interest rate relief is still needed to encourage more buyers to re-enter the market.

On the condo side, sales have held steady at around 1,400–1,500 per month in recent months. However, a record number of new condo completions has added to supply, putting additional downward pressure on values, down 4.2% compared to last August.

The takeaway? With more inventory and negotiable prices, there are excellent opportunities out there, it just takes knowing where to look. That’s where we come in. Whether you’re buying, selling, or simply curious about your options, we’d love to help you navigate today’s market. Don’t hesitate to reach out weIl look forward to catching up with you soon!