Toronto Real Estate Market Report | September 2025

The Toronto real estate market gained momentum in September 2025, with home sales rising while prices continued to adjust. According to the Toronto Regional Real Estate Board (TRREB), a total of 5,592 homes were sold — up 8.5% from September 2024, and 2% higher than August on a seasonally adjusted basis.

Market Snapshot – September 2025

Category	September 2025	Change (YoY)
Total Home Sales (GTA)	5,592	▲ 8.5%
Average Selling Price	$1,059,377	▼ 4.7%
Composite Benchmark Price	-	▼ 5.5%
New Listings	19,260	▲ 3.9%
Active Listings	29,394	▲ 18.9%
City of Toronto — Sales	2,063	▲ 13.2%

Within the City of Toronto, 2,063 sales were recorded in September — a 13.2% increase from last year. Across the rest of the GTA, sales rose 5.9% to 3,529 transactions.

Market Insight

TRREB President Elechia Barry-Sproule said the September interest-rate cut gave buyers much-needed relief, improving mortgage affordability. Chief Analyst Jason Mercer added that if the Bank of Canada introduces two more 25-basis-point cuts, affordability will continue to improve, driving stronger housing activity into 2026.

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With borrowing costs easing and inventory growing, the Toronto housing market is poised for a more balanced and active fall season — offering new opportunities for both buyers and investors.