Current Market Conditions

As we move into August, the Greater Toronto Area (GTA) housing market continues to shift, moving away from the intense bidding wars, toward a more balanced and thoughtful environment. Whether you’re buying or selling, staying informed about market trends is essential. In July, there were 6,100 home sales across the GTA, but that came alongside 17,613 new listings, bringing total active inventory to 30,215 homes, a 26.2% increase compared to the same time last year. For buyers, this means more choice and stronger negotiating power. With a larger selection of homes on the market, the pressure to compete in bidding wars has eased. Instead, buyers now have the opportunity to compare options, negotiate more favorable terms, and find homes that truly fit their needs.

Link below for previous Toronto Housing Market Reports

• Toronto Housing Market Report – July 2025
• Toronto Housing Market Report – June 2025
• Toronto Housing Market Report – May 2025
• Toronto Housing Market Report – April 2025
• Toronto Housing Market Report – March 2025

Demand and Interest Rates

On July 30th, the Bank of Canada once again held its policy interest rate steady at 2.75%. The next rate announcement is scheduled for September 17th. With borrowing costs and home prices still lower than they were a year ago, housing affordability continues to improve. In fact, the average home price in the GTA dipped slightly to $1,051,719 in July, down from $1,101,691 in June. This month-over-month price drop, combined with higher inventory and stable interest rates, is giving buyers more breathing room, more options, and more negotiating power.

Supply of Homes

With more homes available, sellers are no longer firmly in the driver’s seat. On average, properties are now taking 41 days to sell, compared to just 24 days this time last year. And with 5.7% more homes on the market than in 2024, competition has grown significantly. For homeowners looking to sell, this means one key thing: you need to stand out! In today’s market, strategic pricing, professional staging, and targeted marketing are essential. Buyers now have the luxury of choice, and they’re taking their time, comparing options and making thoughtful decisions.

Have any Questions: Ask us how to maximize your home’s value and showcase it to stand out in today’s market!

Market Outlook

The GTA real estate market has gained traction, with a 10.9% increase in home sales compared to last July, it’s showing signs that activity is picking up, with no signs of slowing down. August is shaping up to follow similar trends. With more listings, less competition, and improved affordability, buyers are finding new opportunities to make a move without the stress. For sellers, it’s a call to action! In a market where buyers have options, standing out is key. Well-priced, beautifully presented homes, with the right marketing strategy, will still attract strong interest.