July 2025 GTA Real Estate Market Update
As your trusted real estate team in Toronto, we’re here to help you stay informed about the latest housing trends. July was an important month for the GTA market, delivering the strongest sales result for this time of year since 2021. With sales rising faster than new listings, the market showed signs of tightening compared to last year.
Key Highlights
Sales: 6,100 homes sold in July, up 10.9% from July 2024.
New Listings: 17,613 new listings, an increase of 5.7% year-over-year.
Average Price: $1,051,719, down 5.5% from last year.
Home Price Index (HPI): Down 5.4% annually, but holding steady compared to June.
What’s Driving the Market
Improved affordability is a major factor. Lower home prices and easing borrowing costs are giving buyers more options and confidence to enter the market. While interest rates remain a consideration, demand has picked up as more households find opportunities for ownership.
Jason Mercer, TRREB’s Chief Information Officer, noted that additional rate cuts could encourage even more sales and spark positive ripple effects across the economy. Real estate continues to be a key driver of regional growth, generating jobs and local spending.
Looking Ahead
Despite broader economic uncertainty, particularly around trade with the United States, the GTA housing market remains active. For buyers, today’s conditions may present a valuable chance to purchase at more accessible prices with the added benefit of easing borrowing costs. For sellers, stronger demand is helping restore confidence as we move into the second half of the year.
Final Thoughts
The GTA market continues to evolve, and staying informed is the first step to making the right move. Whether you’re considering buying, selling, or investing, our team is here to guide you with expertise and strategy.
📲 Ready to talk about your next move? Contact us today and let’s create the right plan together.