Toronto’s housing market gained traction in September 2025 following the Bank of Canada’s rate cut, with GTA home sales rising 8.5% year-over-year, according to TRREB. The average selling price was $1,059,377, down 4.7% from September 2024, reflecting ongoing adjustment in some segments. Price trends were mixed across regions and property types — freehold homes firmed modestly month-over-month, while condo prices remained below last year’s levels.
Let’s take a closer look at what this month’s Market Watch data reveals about how Toronto’s real estate market is adapting to lower rates and evolving buyer demand.
Lower borrowing costs helped more buyers re-enter the market, pushing sales above 2024 levels.
On a seasonally adjusted basis, transactions rose month-over-month, while new listings edged down — suggesting early signs of firmer demand heading into fall.
Overall prices remain below last year, but month-over-month results varied:
These variations reflect differences in buyer demographics and affordability thresholds between low-rise and high-rise markets.
Home Type | Aug 2025 Avg Price | Sept 2025 Avg Price | MoM Change % | YoY Change % | Trend |
---|---|---|---|---|---|
Detached | $1,312,240 | $1,359,030 | +3.6% | –4.9% | Modest rebound |
Semi-Detached | $980,102 | $1,015,543 | +3.6% | –6.1% | Steady |
Townhouse | $860,178 | $859,593 | –0.1% | –7.2% | Flat |
Condo Apartment | $642,195 | $655,231 | +2.0% | –5.4% | Gradual improvement |
Source: TRREB Market Watch – August 2025 & September 2025
Detached and semi-detached homes in the City of Toronto (416) posted month-over-month increases of about 10 % and 4 %, respectively, while prices in the 905 region were nearly unchanged.
Home Type | Region | Aug 2025 Avg Price | Sept 2025 Avg Price | MoM Change ($) | MoM Change (%) | Trend |
---|---|---|---|---|---|---|
Detached | 416 (Toronto) | $1,525,066 | $1,686,013 | +$160,947 | +10.6% | Strong rebound |
905 (Surrounding GTA) | $1,251,686 | $1,247,895 | –$3,791 | –0.3% | Stable / Flat | |
Semi-Detached | 416 (Toronto) | $1,131,498 | $1,181,672 | +$50,174 | +4.4% | Moderate gain |
905 (Surrounding GTA) | $896,407 | $893,791 | –$2,616 | –0.3% | Stable / Flat |
TRREB noted that lower interest rates have begun to ease affordability pressures, particularly for move-up buyers.
Further policy adjustments could bring monthly mortgage payments closer in line with income levels, potentially strengthening sales through late 2025.
Metric | Value | Direction |
---|---|---|
Sales | 5,592 (+8.5% YoY) | 🔼 Up |
New Listings | 19,260 (+4% YoY) | ⚖️ Balanced |
Average Price | $1,059,377 (–4.7% YoY) | ⚖️ Flat MoM |
SNLR | ~29% | 💡 Buyer-leaning |
Detached & Semi | +3.6% MoM | 🔼 Firming |
Condos | +2% MoM | ⚖️ Stabilizing |
For Buyers:
Affordability is improving, and a balanced market still offers room to negotiate.
If rate cuts continue, competition could increase later in the year.
For Sellers:
Freeholds are showing renewed stability, especially in central areas.
Accurate pricing and strong presentation remain critical in a market that rewards well-positioned listings.
📩 Ready to plan your next move? Please drop an email to: opel@opelou.com Let’s discuss a data-driven strategy for your buy or sell..
🖋️ Opel Ou, Real Estate Broker, FRI, SRES, CCGR
Real Estate made clear, one smart move at a time!
#TorontoRealEstate #GTAHomes #HousingMarket2025 #RealEstateTrends #HomeBuying #TorontoHomes #GTARealEstate #AffordableHousing #MarketUpdate #RealEstateNews #PropTechRealty #RealEstateBroker #Realtor #FRI #SRES #CCGR #OpelOu
Source: TRREB – Market Watch
* **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)