GTA Housing Market Records Best July Since 2021
The Greater Toronto Area (GTA) real estate market saw a noticeable rebound in July 2025, marking its strongest July in four years. According to the Toronto Regional Real Estate Board (TRREB), a total of 6,100 homes were sold last month—up 10.9% compared to July 2024. This marks a sharp contrast from the slower spring season, when many buyers had taken a wait-and-see approach.
Why the Market Picked Up
Industry experts say improved affordability, slightly lower prices, and steady borrowing costs encouraged more people to make a move. In fact, sales were up 13% from June on a seasonally adjusted basis. The Bank of Canada has kept its key interest rate at 2.75%, with hints of possible future cuts, which has helped boost buyer confidence.
July 2025 Market Highlights
- Total sales: 6,100 homes
- Average selling price: $1,051,719
- New listings: 17,613
- Active listings: 30,215
Performance by Property Type
Every major housing category saw year-over-year sales growth. Semi-detached homes led the way with a 25.5% increase, followed by detached homes at 11.3%. Townhouse sales rose 7.9%, and condo apartments increased by 5.8%.
City of Toronto vs. Rest of GTA
In the City of Toronto, 2,205 sales took place in July—up 11% from last year. The rest of the GTA accounted for 3,895 sales, also up 10.9% annually. This growth suggests that buyers are active across the region, from downtown Toronto condos to suburban detached homes.
Buyer and Seller Takeaways
For Buyers
With prices slightly lower and more listings available, now may be a strategic time to explore homes for sale in Toronto and surrounding areas. Stable interest rates provide more predictable mortgage planning compared to 2024.
For Sellers
Although demand is improving, competition is increasing due to higher inventory. Pricing strategically remains key—especially for those re-listing after a slower spring season.
Looking Ahead
While July’s results are promising, experts warn that the fall market may not have the same momentum without more interest rate cuts or stronger economic growth. Ongoing trade uncertainty between Canada and the U.S. remains a factor to watch.
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