The Toronto Regional Real Estate Board (TRREB) has released its August 2025 housing data, highlighting a market adjusting to higher supply and shifting buyer dynamics. More listings are entering the system, giving purchasers greater choice and leverage. Sellers face a more competitive environment that calls for realistic pricing and strong marketing strategies.
A total of 5,211 sales were reported through the MLS system, a 2.3% increase over last year. New listings rose 9.4% to 14,038, while active listings climbed 22.4% to 27,495. This pushed inventory to 5.28 months, providing buyers with more time, options, and negotiating power.
The average selling price in the GTA was $1,022,143, down 5.2% year-over-year and 2.8% from July. The MLS Home Price Index (HPI) Composite Benchmark fell 5.15% across the GTA and 2.95% in Toronto. Homes are taking longer to sell, averaging 33 days on market, and are trading at 97% of the list price. Most activity—just under 70%—remained in the $600,000 to $1.5 million range, with only 5.1% of sales exceeding $2 million.
Detached homes led all categories, accounting for 46.3% of transactions. Condo apartments accounted for 26.3% of sales, followed by townhomes at 17.8% and semi-detached homes at 8.5%.
Here’s the average price by property type:
- Detached: $1,312,240 (↓7.5% YoY / ↓3.6% MoM)
- Semi-detached: $980,102 (↓4.2% YoY / ↓5.9% MoM)
- Townhomes: $860,178 (↓3.8% YoY / ↑1.3% MoM)
- Condo apartments: $642,195 (↓5.0% YoY / ↓1.4% MoM)
For September, activity is expected to pick up with more listings coming to market and buyers re-engaging after the summer. Conditions will create opportunities, but the key will be preparation: understanding the numbers, setting the right expectations, and having a clear plan.
If you’re thinking of buying or selling this fall, make sure you’re armed with the right data and advice. A trusted Harvey Kalles advisor can help you navigate the season with confidence and ensure you make the most of today’s market.