Toronto Home Sales Rise 10.9% in July 2025 – Strongest July Since 2021 – Market Watch
GTA July 2025 home sales climbed 10.9% year-over-year—the strongest July since 2021—highlighting the Toronto real estate market’s tightening conditions and improved affordability.
GTA July 2025 Home Sales and Market Tightening
Greater Toronto Area(GTA) REALTORS® reported 6,100 home sales in July 2025—a 10.9% increase year-over-year(YoY)—and 17,613 new listings, up 5.7% year-over-year, indicating a modest tightening as sales growth outpaced listings growth.
Price Trends and Affordability in Toronto Real Estate Market
The MLS® Home Price Index(HPI) Composite benchmark fell by 5.4% year-over-year(YoY) in July, while the average selling price slipped to $1,051,719, down 5.5% from July 2024; on a seasonally adjusted month-over-month(MoM) basis, both metrics were flat.
Economic Factors and Growth Outlook
“Recent data suggest that the Canadian economy is treading water in the face of trade uncertainty with the United States… Further interest rate cuts would spur home sales and see more spin-off expenditures…” said Toronto Regional Real Estate Board(TRREB) Chief Information Officer Jason Mercer.
Detailed Price Insights by Property Type
- Detached homes: –5.1% YoY
- Semi-Detached homes: –2.3% YoY
- Townhouses: –7.4% YoY
- Condo apartments: –9.3% YoY
Key Takeaways
- Strongest July since 2021 – 6,100 sales, up 10.9% YoY
- Listings growth – 17,613 new listings, up 5.7% YoY
- Prices easing – Composite HPI down 5.4%, average price down 5.5%
- Market tightening – Sales gain outpacing listings gain
- Affordability gains – Lower home prices and borrowing costs boosting buyer interest
What This Means for Buyers and Sellers
With improved affordability and market conditions tightening, buyers have more options but will face more competition. Sellers should price strategically to capitalize on renewed demand.
Summary of the Toronto Real Estate Market July 2025
- Sales: 6,100 (+10.9% YoY)
- New listings: 17,613 (+5.7% YoY)
- Composite HPI: –5.4% YoY
- Average selling price: $1,051,719 (–5.5% YoY)
- MoM: prices and sales flat (seasonally adjusted)
- Market trend: modest tightening
- Drivers: affordability gains, lower borrowing costs
- Outlook: further rate cuts could stimulate activity
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Source: TRREB – Market Watch
July 2025 – Market Statistics – Quick Overview
Residential Statistics
Commercial Statistics(Q3 2024)
Condominium Sales Statistics(Q1 2025)
Condominium Rental Statistics(Q1 2025)
* **In conjunction with TRREB’s redistricting project, historical data may be subject to revision moving forward. This could temporarily impact per cent change comparisons to data from previous years**
Source: Housing Market Chart Archive – The Toronto Regional Real Estate Board (TRREB)