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<\/p>\nTORONTO, ONTARIO, September 4, 2025 \u2013 August home sales reported by the Toronto Regional Real Estate Board (TRREB) were up on a year-over-year basis. Over the same period, home buyers benefitted from an even larger increase in the inventory of listings. Average selling prices continued to be negotiated downward due to the elevated choice across market segments. \u201cCompared to last year, we have seen a modest increase in home sales over the summer. With the economy slowing and inflation under control, additional interest rate cuts by the Bank of Canada could help offset the impact of tariffs. Greater affordability would not only support more home sales but also generate significant economic spin-off benefits,\u201d said TRREB President Elechia Barry-Sproule.<\/p>\n
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Greater Toronto Area (GTA) REALTORS\u00ae reported 5,211 home sales through TRREB\u2019s MLS\u00ae System in August 2025 \u2013 up by 2.3 per cent compared to August 2024. New listings entered into the MLS\u00ae System amounted to 14,038 \u2013 up by 9.4 per cent year-over-year. On a seasonally adjusted basis, August home sales edged lower month-over-month compared to July 2025. In contrast, new listings increased compared to July, reaffirming that buyers continue to benefit from a well-supplied market. The MLS\u00ae Home Price Index Composite benchmark was down by 5.2 per cent year-over-year in August 2025. The average selling price, at $1,022,143, was also down by 5.2 per cent compared to August 2024. On a month-overmonth seasonally adjusted basis, the MLS\u00ae HPI Composite and average selling price remained flat compared to July.<\/p>\n
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\u201cA household earning the average income in the GTA is still finding it challenging to afford the monthly mortgage payment associated with the purchase of an average priced home. This is even with lower borrowing costs and selling prices over the past year. Further relief in borrowing costs would see an increased number of buyers move off the sidelines to take advantage of today’s well-supplied market,\u201d said TRREB Chief Information Officer Jason Mercer. \u201cNew, large scale infrastructure projects, including affordable housing, public transit, ports and shipbuilding will be important for sustaining Canada\u2019s economic sustainability in the medium-to-long term. However, in the short term, spurring consumer spending on large ticket items like housing could lead recovery, as it has in previous economic cycles,\u201d said TRREB Chief Executive Officer John DiMichele.<\/p>\n","protected":false},"excerpt":{"rendered":"
TORONTO, ONTARIO, September 4, 2025 \u2013 August home sales reported by the Toronto Regional Real Estate Board (TRREB) were up on a year-over-year basis. Over the …<\/p>\n","protected":false},"author":2,"featured_media":642,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-639","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-updates"],"yoast_head":"\n