Welcome back to Market Watch! Improved affordability, brought about by lower home prices and borrowing costs, is starting to translate into increased home sales. Read more to learn how this affects the Greater Toronto Area (GTA) housing market.
GTA REALTORS® reported 6,100 home sales through TRREB’s MLS® System in July 2025 – the best home sales result for the month of July since 2021, representing a 10.9% increase compared to the same period last year. New listings entered into the MLS® System totalled 17,613 – up by 5.7% year-over-year. The average selling price, at $1,051,719, was down by 5.5% compared to July 2024. On a month-over-month seasonally adjusted basis, the MLS® HPI Composite and average selling price remained flat compared to June.
“More relief is required, particularly where borrowing costs are concerned, but it’s clear that a growing number of households are finding affordable options for homeownership,” said Toronto Regional Real Estate Board (TRREB) President Elechia Barry-Sproule.
In summary, the GTA housing market experienced a modest tightening with sales increasing relative to listings. However, authorities continue their call for further interest rate cuts in order to spur home sales.
July 2025 Market Watch Report
With improved affordability, the Greater Toronto Area (GTA) experienced the best home sales result for the month of July since 2021. New listings also rose compared to June, but by a much lesser rate.
