The Greater Toronto Area (GTA) housing market saw renewed energy in September 2025 moving into the Fall market, with home sales up 8.5% year-over-year, reaching 5,592 transactions, according to the Toronto Regional Real Estate Board (TRREB).
The Bank of Canada’s September rate cut encouraged more buyers to jump back in, taking advantage of lower monthly mortgage payments and more choice in listings. With new listings down month-over-month, some segments of the market are beginning to tighten again.
Year over year, prices were down slightly, with the average selling price at $1,059,377—a 4.7% decrease from last year, but largely steady from August.
TRREB experts say a few more rate cuts could further align mortgage payments with buyer incomes, fueling even more activity.
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