August 2025

Market Report

TORONTO & REGION

Toronto Region Market Update, August 2025

August closed the summer on a constructive footing. Activity improved year over year while choice expanded meaningfully across the Greater Toronto Area. Buyers had more room to compare, and sellers who priced to the market continued to transact. It wasn’t a month of headlines; it was a month of quiet progress.

TRREB reported 5,211 sales in August, a 2.3 percent increase from a year earlier. New listings rose more quickly, up 9.4 percent to 14,038, reinforcing what buyers experienced on the ground: a well-supplied market that allowed for measured decision-making. That additional selection brought useful clarity to pricing conversations.

The average selling price came in at $1,022,143, down 5.2 percent year over year. The MLS® Home Price Index Composite was also lower by 5.2 percent compared to last August. However, on a seasonally adjusted basis both the HPI and the average price were flat compared to July. In practical terms, values stabilized month-to-month even as listings increased, a positive signal for sellers who have been looking for a floor, and a sign to buyers that today’s negotiability is coming from choice, not from a slide.

Seasonality shaped the flow of transactions as well. On a seasonally adjusted basis, sales edged lower compared to July, while new listings increased. That pattern is consistent with a market that is absorbing inventory at a steady pace rather than racing ahead of it. The result has been healthier balance: buyers benefit from time and selection, and sellers benefit from buyers who can act with confidence when the property and the price are aligned.

TRREB’s commentary underscored this tone of cautious progress. The Board characterized the summer as a period of modest improvement in sales alongside clear evidence that buyers continue to benefit from a supply of listings.




Affordability remains the governor on the pace of recovery, particularly at the average price point, and TRREB noted that further relief in borrowing costs would likely bring more buyers off the sidelines. For now, the headline is that the market is functioning: transactions are happening consistently in a setting that rewards careful preparation and precise pricing.

The story by property type followed the same theme. Ground-level homes continued to find ready interest where they were presented and priced for the current environment, and condominium apartments offered compelling choice for buyers looking to prioritize location and budget. Sellers who led with strong presentation and realistic list strategies saw the best outcomes; buyers who were prepared and decisive were able to secure the right property.

Regionally, the experience was similarly consistent. Well-located homes attracted steady attention, but the market rewarded accuracy rather than aspiration. In many neighbourhoods, the spread between list and sale price narrowed when sellers pegged their asking price to the most recent, relevant comparables and allowed the market to confirm it. Where properties missed the mark, days on market elongated; where they met it, deals moved efficiently.

As we move from summer into early fall, the data suggests a market that is settling into balance. Sales are modestly higher than a year ago; supply is materially better; and prices are holding flat month-over-month on a seasonally adjusted basis even as buyers enjoy more choice.

August’s message is simple and constructive: more listings, steady month-to-month values, and transactions continuing at a measured, sustainable pace. In a market that has spent much of the last two years working through extremes, that balance is welcome.
 
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In This Issue:

  1. Why Homes Sit On The Market And How To Keep Yours Moving — Diagnose the real reasons listings stall and relaunch with smart fixes in pricing, presentation, timing, and marketing.

  2. Understanding the Real Estate Transaction From Start to Finish — A clear, step-by-step walkthrough from offer to closing so you know what to expect and how to stay on track.

  3. Essential Tips For Buying In a Competitive Market — Act fast, structure stronger offers, and compete smartly without overpaying—even in bidding wars.


 

Why Homes Sit On The Market And How To Keep Yours Moving


Summary

A home that sits too long on the market becomes harder to sell—but most delays can be traced back to a few fixable issues. This report reveals the top reasons homes don’t sell quickly and outlines the proven tactics to get buyers through the door. From pricing and presentation to timing and marketing, learn how to diagnose the problem and relaunch with success


It’s a seller’s worst fear: you list your home, expecting offers—and then nothing. No showings, no offers, and no clue what went wrong. The longer your listing lingers, the harder it becomes to attract buyers. But don’t panic. Most stalled sales can be turned around with the right strategy. Here’s how to find out what’s holding you back—and how to fix it.

Why Homes Sit On The Market And How To Keep Yours Moving Why Homes Sit On The Market And How To Keep Yours Moving

Top Reasons Homes Sit on the Market

  1. Overpricing
    This is the #1 reason homes don’t sell. If buyers think your home is overpriced—even slightly—they won’t bother to tour it. Online search filters and price comparisons make overpricing easy to spot. Fix: Reevaluate your price based on comps, showing feedback, and agent advice.

  2. Poor Listing Photos
    Your online listing is your first impression—and bad photos can kill buyer interest instantly. Dim lighting, cluttered rooms, or vertical phone photos won’t cut it. Fix: Hire a professional photographer and consider a 3D tour or video walkthrough.

  3. Lack of Curb Appeal
    Buyers form opinions before they step inside. If the lawn is overgrown, the paint is chipped, or the entryway feels neglected, you’ve lost momentum before the showing begins. Fix: Tidy up landscaping, repaint the front door, and power wash the exterior.

  4. Limited Showing Availability
    If buyers can’t get in, they won’t buy. Homes with restricted showing hours or last-minute cancellations deter busy agents and motivated buyers. Fix: Make your home easy to show—consider a lockbox and stay flexible with your schedule.

  5. Weak or No Marketing
    Just listing on the MLS isn’t enough. Without strategic marketing, many buyers won’t even know your home exists. Fix: Work with an agent who uses digital advertising, social media promotion, targeted outreach, and staging to make your home shine.

  6. Unusual Layout or Condition
    Homes with quirky floor plans or outdated features can be harder to sell. Fix: Highlight unique positives, offer design suggestions, or consider minor updates (lighting, paint, flooring) to boost appeal.

  7. Negative Buyer Feedback Ignored
    If multiple buyers or agents provide the same feedback—listen. Whether it’s a pet smell, a dark room, or an awkward space, ignoring buyer concerns can cost you time and money. Fix: Act on consistent feedback quickly to remove objections.

How to Relaunch or Refresh Your Listing

If your home has already been on the market for several weeks or months:

  • Take the listing temporarily off-market and relaunch with changes
  • Adjust the price to realign with buyer expectations
  • Refresh the photos, description, and staging
  • Promote the listing as “Back on Market” with a strong marketing push

Work With a Proactive Agent
Your agent should provide regular updates, showing reports, and a plan to address obstacles. If they’re slow to act or dismiss your concerns, it may be time to reevaluate your partnership.

Conclusion:
Homes don’t just sit without reason. With the right diagnosis and a smart refresh, you can reignite buyer interest and get your home sold. Don’t settle for a stagnant listing—make the changes that matter and take control of your sale.


 

Understanding the Real Estate Transaction From Start to Finish



Summary

Real estate transactions can feel overwhelming—but they don’t have to be. Whether you’re buying or selling, understanding the full process from offer to closing puts you in control. This guide breaks down each stage of the transaction in simple terms so you know what to expect, what’s expected of you, and how to stay on track. Confidence starts with clarity—get it here.



The real estate transaction is more than just signing a few papers—it’s a coordinated series of steps involving multiple people, documents, and deadlines. Understanding how it all works can help you make informed decisions and avoid costly mistakes. Here’s how a typical transaction unfolds from beginning to end.

Understanding the Real Estate Transaction From Start to Finish Understanding the Real Estate Transaction From Start to Finish
  1. The Pre-Listing or Pre-Buying Phase

      Sellers: Choose an agent, prepare the home, gather paperwork, and determine your pricing strategy.
      Buyers: Get pre-approved, define your budget, hire an agent, and begin viewing homes.

  2. Making (or Receiving) an Offer

      Buyers: Submit an offer with price, contingencies, and proposed timeline.
      Sellers: Accept, reject, or counter the offer.
      Key components of the offer:
      • Purchase price
      • Financing method
      • Earnest money deposit
      • Contingencies (inspection, appraisal, financing)
      • Closing date

  3. Offer Accepted – Escrow Begins

    Once the offer is accepted and both parties sign, the home goes into escrow (or under contract). This period is when inspections, appraisals, and title work happen.

  4. Inspections and Negotiations
      Buyers schedule home inspections and may request repairs or credits based on findings.
      Sellers respond to requests, either agreeing, offering alternatives, or standing firm.

  5. Appraisal

    If the buyer is using a mortgage, the lender orders an appraisal to ensure the home’s value supports the loan. If it appraises low, price negotiations may follow.


  6. Title Search and Insurance

    A title company or attorney checks for liens or legal issues and ensures the property can legally change hands. Title insurance protects both buyer and lender.


  7. Final Loan Approval (Buyers Only)

    After inspections and appraisal, the lender finalizes loan underwriting. The buyer receives a Closing Disclosure outlining final costs.


  8. Final Walkthrough

    Usually 24–48 hours before closing, the buyer walks through the home to confirm it’s in agreed-upon condition and repairs (if any) are complete.


  9. Closing Day

    Both parties sign legal documents:

    • Deed transfer
    • Mortgage papers (buyer)
    • Settlement statement
    • Title/escrow closing documents

    Funds are transferred, keys are handed over, and the transaction is officially closed.


  10. After Closing
      Sellers: Pay off mortgage, cancel utilities, forward mail
      Buyers: Get utilities in their name, update address, move in!
Common Roles in a Transaction
  • Real Estate Agent Guides you through the process and negotiates terms
  • Lender Provides financing
  • Title Company / Lawyer Manages legal documentation and money transfers
  • Inspector Evaluates home condition
  • Appraiser Assesses property value

Whether you’re buying or selling, real estate doesn’t have to be confusing. By understanding each step in the process, you’ll be able to ask the right questions, meet important deadlines, and reduce your stress along the way. A good agent will help—but knowledge is power. And now, you’ve got it.


 

Essential Tips For Buying In a Competitive Market



Summary

In today’s fast-paced real estate market, competition is fierce, but with the right strategy, you can still come out ahead. This guide gives you the tools to act quickly, structure strong offers, and stay grounded through bidding wars. From pre-approval to escalation clauses, you’ll learn exactly how to compete smartly and avoid overpaying. Perfect for buyers navigating high-demand neighborhoods or tight inventory.



Essential Tips For Buying In a Competitive Market Essential Tips For Buying In a Competitive Market

In a hot housing market, homes can sell within days, or even hours. Bidding wars, multiple offers, and low inventory make it tough for buyers to compete. But with the right strategy and preparation, you can still win. This guide outlines essential tips that will help you navigate a competitive market, craft a winning offer, and land the home you love, without overpaying or getting discouraged.

1. Get Pre-Approved, Not Just Pre-Qualified

In a fast-moving market, you need to act fast. Sellers won’t wait for financing uncertainty. A mortgage pre-approval shows you’re serious, qualified, and ready to close. It can give you a major edge over buyers who haven’t secured their financing yet. Make sure your pre-approval letter is updated and includes the lender’s contact info for quick verification.

2. Understand the Market Before You Shop

Know what you’re walking into. Research recent sales, price trends, and how quickly homes are selling in your target area. Are homes selling above asking? Are there frequent bidding wars? Your agent can provide local insights that help you form a realistic strategy and avoid overbidding out of panic.

3. Work With a Responsive, Experienced Agent

Speed matters. A strong buyer’s agent will send you listings quickly, book showings fast, and help you write clean, compelling offers on short notice. Choose someone who knows the local market and has a track record of helping clients succeed in competitive environments.

4. Prioritize Your Must-Haves and Dealbreakers

You may not get everything on your wish list. Make a clear distinction between “must-haves” and “nice-to-haves.” Being flexible on finishes or non-essentials can open up more opportunities and give you room to compete where it matters most.

5. Be Ready to Tour and Offer Quickly

In fast markets, homes can receive offers the same day they’re listed. If you see something you love, don’t wait. Block time in your schedule for short-notice showings, and be prepared to make a decision quickly. Have your agent help you evaluate the home and craft an offer that same day, if necessary.

6. Write a Strong, Clean Offer

Avoid unnecessary contingencies. The fewer conditions your offer has, the more appealing it is to the seller. Include a high earnest deposit to show you’re committed. If possible, match or exceed the asking price and offer flexible terms (like a rent-back or quick close) if that’s important to the seller.

7. Consider an Escalation Clause (Use With Caution)

An escalation clause automatically raises your offer in response to competing bids, up to a maximum amount. It helps you stay competitive without blindly bidding high. But be cautious—this reveals your price ceiling and may invite counteroffers. Use only in collaboration with an experienced agent.

8. Write a Personal Letter to the Seller (Optional)

While not always appropriate or effective, a heartfelt letter can sometimes sway a seller, especially if they have emotional ties to the home. Share what you love about the property and how you envision your future there. Keep it brief, respectful, and positive.

9. Stay Calm in Bidding Wars

If a home attracts multiple offers, emotions can run high. Decide your top price ahead of time and stick to it. Don’t escalate beyond your budget just to “win.” There will always be another opportunity, and smart buyers know when to walk away.

10. Be Mentally Ready for Rejection

In tight markets, you may lose out on one or more homes before you succeed. Don’t let frustration cloud your judgment or push you to overpay. Stay committed to your goals, adjust your strategy if needed, and trust the process. Many buyers eventually land an even better home than the one they lost.

11. Expand Your Search Criteria

If you’re consistently outbid, consider widening your search radius or rethinking some of your must-haves. Sometimes moving just 5–10 miles outside your preferred neighborhood can reveal more affordable options with less competition.

12. Get Your Financials in Order

Make sure your funds for the down payment and closing costs are easily accessible. Avoid major financial changes, like switching jobs or taking on new debt, during the homebuying process. Your lender will re-check your financials before closing and keep things stable.

Buying in a competitive market isn’t easy, but it is doable with the right strategy, preparation, and mindset. The most successful buyers are informed, responsive, and ready to act fast. Use these tips to stay ahead of the competition, avoid costly mistakes, and secure your next home with confidence.