Welcome back to Market Watch! September showed fresh momentum across the Greater Toronto Area (GTA) as lower borrowing costs encouraged more buyers to re-enter the market. Sellers, meanwhile, continued adjusting prices to meet today’s improved affordability levels.
GTA REALTORS® reported 5,592 sales through TRREB’s MLS® System in September 2025 — an 8.5% increase year-over-year. New listings rose 4% to 19,260, while the average selling price, at $1,059,377, was down 4.7% from a year earlier but held steady month-over-month (+0.2%). The MLS® Home Price Index Composite Benchmark also eased 5.5% year-over-year, reflecting softer prices in some segments.
With sales climbing and listings edging lower from August, the market is showing early signs of tightening — suggesting balance may be returning after months of adjustment.
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September 2025 Market Watch Report
Home sales in the GTA climbed 8.5% year-over-year as buyers took advantage of lower borrowing costs after the Bank of Canada’s recent rate cut. With new listings easing month-to-month and average prices holding steady at $1.06 million, market conditions tightened slightly across the region.
