September in Review

September 2025 – Market Report:

Inventory has increased modestly across the GTA, giving buyers more choice and negotiating power. As a result, average selling prices have eased slightly, but the positive takeaway is that sales activity has picked up — homes are selling again, especially following the recent interest rate cuts.

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Following the Bank of Canada’s rate cuts,

the Greater Toronto Area housing market saw a notable rebound in September 2025.

GTA home sales rose 8.5% year-over-year to 5,592 transactions, while new listings increased 4% to 19,260.

The average selling price settled at $1,059,377, down 4.7% from 2024, as buyers used lower borrowing costs to negotiate better prices.

Detached and semi-detached sales strengthened, particularly in the 416 area, though prices remained modestly lower across most segments.

Despite this improvement, sales levels remain below long-term norms and urged coordinated efforts among policymakers and developers to overcome housing-supply barriers.