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The Toronto Regional Real Estate Board (TRREB) has released its August 2025 housing market report, showing modest sales growth, more inventory, and downward pressure on prices. If you’re planning to buy or sell a home in the Greater Toronto Area (GTA), here’s what you need to know.
Home Sales and Listings
Sales: GTA REALTORS® reported 5,211 home sales, up 2.3% compared to August 2024.
New Listings: 14,038 homes were listed, a 9.4% increase year-over-year.
Month-over-Month: Sales dipped slightly from July, but listings rose — giving buyers more choice.
👉 What this means: Buyers are gaining negotiating power thanks to higher supply, while sellers need to price competitively to attract offers.
Prices and Affordability
Average Selling Price: $1,022,143 (down 5.2% year-over-year).
MLS® Home Price Index (HPI): Also declined 5.2% annually.
Month-over-Month: Prices held steady compared to July.
Even with lower interest rates and moderating home prices, affordability remains a challenge. Households earning the average GTA income still struggle with monthly mortgage payments on an average-priced home.
Insights from TRREB Leadership
Elechia Barry-Sproule, TRREB President: Suggested that further Bank of Canada interest rate cuts could boost affordability and offset tariff-related pressures.
Jason Mercer, TRREB CIO: Emphasized that easing borrowing costs would help more buyers re-enter the market.
John DiMichele, TRREB CEO: Pointed to large-scale infrastructure projects—like affordable housing and transit—as critical for long-term growth, while also noting housing demand often stimulates short-term economic recovery.
Key Takeaways
For Buyers: More homes are available, giving you more leverage to negotiate.
For Sellers: With prices trending lower, you’ll need a smart pricing strategy to stay competitive.
Ready to Make a Move in Today’s Market?
Whether you’re buying your first home, upgrading, or selling in the GTA, having the right guidance can make all the difference.
📍 Based in Ontario — helping buyers, sellers, and investors across the GTA
📋 Sol Yasin, Right At Home Realty , Realtor® 647-207-0470
🏢 Mortgage Agent Level 1 Kingsdale Mortgage Centre Inc. | FSRA License #13585