The Greater Toronto Area (GTA) saw its strongest July home sales since 2021, signaling a shift in buyer activity as affordability improves.
🔹 Key Highlights:
6,100 homes sold – up 10.9% vs. July 2024
17,613 new listings – up 5.7% year-over-year
Average price: $1,051,719 – down 5.5% from last year
MLS® HPI Composite Benchmark: down 5.4% YoY
Market tightening as sales outpaced listings
Month-over-month sales also increased vs. June 2025
What’s Driving the Market?
Lower home prices and borrowing costs are helping more households enter the market. While more rate relief is still needed, buyer confidence is returning.
Despite the federal ban, foreign buyers can still purchase multi-unit properties, development land, and rural/recreational homes, supporting economic activity.
Thinking of buying, selling, or investing? Now’s a good time to reassess your plans. Let’s discuss your next move.
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