Welcome to the July 2025 market report for the Greater Toronto Area! This month's data from the Toronto Regional Real Estate Board (TRREB) shows a dynamic and evolving market. After experiencing a slight slowdown, we're seeing signs of renewed strength, with home sales marking the best July performance since 2021. A combination of improved affordability from lower home prices and borrowing costs is drawing more buyers into the market, suggesting a modest tightening in market conditions compared to last year.
Overall Market Summary 📊
The GTA real estate market in July 2025 saw an increase in both sales and new listings compared to the same period last year. This growth points to an active market with buyers demonstrating a greater willingness to transact5. While prices are slightly lower year-over-year, the month-over-month trend suggests a flattening.
Home Sales: A total of 6,100 homes were sold in July 2025, which is a significant 10.9% increase compared to the 5,498 sales in July 2024.
Average Selling Price: The average selling price was $1,051,719, down by 5.5% compared to July 2024. On a month-over-month seasonally adjusted basis, the average selling price remained flat compared to June.
New Listings: New listings entered into the MLS® System totaled 17,613, up by 5.7% year-over-year.
Days on Market: The average days a listing spent on the market increased from 24 days in July 2024 to 30 days in July 2025. This suggests properties are taking a bit longer to sell despite the rise in sales.
In-Depth Look by Major Home Type 🏠
Here's a breakdown of how different property types performed across the GTA in July 2025.
Detached Homes
Detached homes saw a solid increase in sales, with 2,795 transactions. The average price for a detached home was $1,361,660, though this marks a 5.1% year-over-year decrease.
City of Toronto: The average price for a detached home was significantly higher at $1,572,832, with 675 sales15.
905 Regions: The average price was $1,294,424, with 2,120 sales16.
Semi-Detached Homes
This segment experienced the largest growth in sales, with transactions up 25.5% year-over-year to 596 units.
Average Price: The average price was $1,041,359, a modest 2.3% decrease from July 2024.
City of Toronto: Average prices were $1,242,388, with a significant year-over-year sales increase of 48.2%.
905 Regions: Average prices were lower at $894,094, but sales still grew by 12.8%.
Townhouses
Townhouse sales saw a 7.9% year-over-year increase, with 1,047 sales in July 2025.
Average Price: The average price was $849,380, down 7.4% from the previous year.
City of Toronto: Average prices were $920,197.
905 Regions: Average prices were $829,332.
Condominiums
The condo market showed signs of recovery with a 5.8% increase in sales to 1,576 units.
Average Price: The average price was $651,483, representing a 9.3% year-over-year decrease.
City of Toronto: Average prices were $684,257 with 1,028 sales.
905 Regions: Average prices were lower at $590,004, with 548 sales and a robust 10.7% year-over-year sales increase.
What This Means for Buyers and Sellers in the GTA 💡
The July 2025 data paints a picture of a more active and dynamic market than we've seen recently. For both buyers and sellers, an informed and strategic approach is more critical than ever.
Advice for Sellers:
Strategic Pricing is Key: The market has not fully reverted to a seller's market30. With more new listings and an average of 30 days on the market for a sold home, pricing your property correctly from day one is essential to avoid it becoming stale. Chasing the market with an overpriced listing will likely lead to longer days on market and potential price reductions.
Focus on Presentation: Your home needs to stand out from the increased inventory. Professional staging, high-quality photography, and a strong marketing strategy are crucial to attracting serious buyers and achieving your desired price.
Advice for Buyers:
Increased Opportunity: The rise in new listings and the higher number of active listings (30,215 active listings in July 2025, up from 23,936 in July 2024) mean you have more choice. While sales are up, there's less frantic competition than in previous years, which could offer you more time to find the right property.
Leverage Economic Indicators: Keep an eye on economic indicators like the Bank of Canada's overnight rate and mortgage rates. Improved affordability brought about by lower prices and borrowing costs is a key factor driving sales. Understanding these trends can help you time your purchase effectively.
Ready to Navigate the Market with Confidence? 🚀
Whether you are looking to buy, sell, or invest, understanding these detailed trends is the first step. The right strategy can make all the difference in this shifting market.
Let's discuss how these insights apply to your unique real estate goals. We can help you create a personalized plan to achieve the best possible outcome.
📞 Contact us at 416-886-2000 to book a consultation today! 🏡✨
