August 2025 GTA Market Watch

Benchmark Signature
Sep 9
1 min read

Updated: Sep 10

According to TRREB, the Greater Toronto Area (GTA) reported 5,211 home sales in August 2025, a 2.3 percent increase compared to August 2024. New listings reached 14,038, up 9.4 percent year-over-year. On a seasonally adjusted basis, sales edged lower compared to July 2025, while new listings rose, reaffirming that buyers continue to benefit from a well-supplied market.

The MLS® Home Price Index Composite benchmark fell by 5.2 percent year-over-year in August. The average selling price was $1,022,143, also down 5.2 percent compared to August 2024. On a seasonally adjusted month-over-month basis, both the benchmark and average price remained flat.

Affordability challenges persist, as households earning the average GTA income still face difficulty with mortgage payments on an average-priced home. TRREB noted that further interest rate cuts could help bring more buyers into the market, supporting sales activity and economic recovery.