The July 2025 real estate stats are
in, and there’s plenty of reason to be optimistic — especially if you’ve been
waiting for the right time to make a move.
According to the Toronto Regional Real
Estate Board (TRREB), the Greater Toronto Area (GTA) experienced the strongest
July home sales since 2021, marking a clear sign of renewed buyer activity
and improved affordability in the market.
🔹 Key July 2025 Stats at a Glance:
Home Sales: 6,100
(↑ 10.9% compared to July 2024)
New Listings: 17,613
(↑ 5.7% year-over-year)
Average Selling
Price: $1,051,719
(↓ 5.5% year-over-year)
MLS® HPI
Composite Benchmark:
(↓ 5.4% year-over-year, flat month-over-month)
📊 What This Means for Buyers
Buyers are starting to re-enter the
market, thanks to slightly lower home prices and improved borrowing conditions.
While average prices are still down compared to this time last year, sales
activity is picking up, creating a more competitive environment.
If you’ve been sitting on the
sidelines, now may be a great time to take advantage of the current
affordability window before potential interest rate cuts drive more
demand and price growth.
🏡 What This Means for Sellers
Although average home prices are lower
year-over-year, the increased sales activity relative to new listings
signals a tightening market. This shift could create more balanced conditions
going into the fall.
Smart sellers are already preparing
their homes now to get ahead of the potential fall market surge.
📉 Market Still Flat Month-over-Month
Despite the year-over-year dip in
prices, both the MLS® HPI Composite Benchmark and average selling
price remained flat month-over-month, indicating market
stabilization.
TRREB’s Chief Information Officer,
Jason Mercer, notes that “Further interest rate cuts would spur home sales and
see more spin-off expenditures, positively impacting the economy and job
growth.”
🌎 Foreign Buyers & Market Growth
Despite some misconceptions, the federal
foreign buyer ban still includes exemptions that allow non-residents to
invest in certain types of properties. TRREB CEO John DiMichele emphasized that
“foreign buyers can purchase multi-unit buildings with four or more units,
vacant land, or development properties,” adding economic benefit to regional
markets.
💬 Final Thoughts
With growing buyer interest and early
signs of a market rebound, both buyers and sellers have opportunities to
benefit in today’s environment. Whether you’re considering upsizing,
downsizing, investing, or entering the market for the first time — the key
is having the right strategy.
📲 Let’s connect today to explore your best
options in the current market.
