The Greater Toronto Area (GTA) real estate market just posted its best July sales numbers since 2021 — a clear sign that more buyers are finding their way back into the market. Improved affordability and stable borrowing costs are fueling activity, although many in the industry believe further interest rate cuts could spark even more momentum.
📊 GTA Market at a Glance – July 2025
Home Sales: 6,100 transactions — up 10.9% from July 2024
New Listings: 17,613 — up 5.7% year-over-year
Average Selling Price: $1,051,719 — down 5.5% from last year
MLS® HPI Composite Benchmark: down 5.4% year-over-year
Market Conditions: Sales are rising faster than new listings, suggesting a modest tightening in supply
🏙 City of Toronto Snapshot
Total Sales: 2,205 homes
Average Price: $1,044,576
Detached Homes: $1,572,832
Condos: $651,483
💬 What the Toronto Real Estate Board is Saying
“Improved affordability, brought about by lower home prices and borrowing costs, is starting to translate into increased home sales,” says TRREB President Elechia Barry-Sproule. “A growing number of households are finding affordable options for homeownership.”
TRREB Chief Market Analyst Jason Mercer notes that housing remains a key driver of the economy, with strong spin-off effects for jobs and local spending.
📈 What This Means for You
For Buyers: More listings than last year mean greater choice, but competition is heating up in certain property types, especially detached and townhomes in desirable neighbourhoods.
For Sellers: While prices remain lower than a year ago, stable month-to-month figures suggest we may be at or near a market floor.
For Investors: Lower purchase prices combined with strong rental demand are creating opportunities, especially in multi-unit properties and development-friendly zones.
💡 Bottom line: The July numbers show renewed energy in the Toronto market. Whether you’re looking to buy, sell, or invest, the second half of 2025 could offer opportunities worth exploring.