July 2025 GTA Market Watch
- Benchmark Signature
- Aug 8
- 1 min read
Updated: Aug 26
According to TRREB, the Greater Toronto Area (GTA) reported 6,100 home sales in July 2025, a 10.9 percent increase compared to July 2024. New listings reached 17,613, up by 5.7 percent year-over-year. On a seasonally adjusted basis, July sales increased from June 2025, while new listings also rose but at a much slower pace, indicating a modest tightening in the market compared to last year.
The MLS® Home Price Index Composite benchmark fell by 5.4 percent year-over-year in July. The average selling price was $1,051,719, down 5.5 percent compared to July 2024. Both the benchmark and average price remained largely unchanged month-over-month on a seasonally adjusted basis.
Improved affordability, driven by lower home prices and borrowing costs, is starting to translate into increased home sales. While further relief on borrowing costs is needed, more households are finding affordable options for homeownership in the GTA.
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