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.
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.