As is typical in July, the GTA real estate market featured lower prices and fewer sales than in the previous few months.
However, because of lower prices and the existing interest rate, this past July market featured more sales than any July since 2021. And with lower interest rates in 2025 still a possibility, and more Active Listings than usual, momentum is building for more GTA residents to get into the market in the coming months.
Here are the specifics for July 2025:
GTA
The Average Sales Price in the GTA fell for the second straight month, from $1,101,691 in June to $1,051,719 in July (-4.5%). While there is typically a decrease in price from June to July, this price fall follows a trend of a growing price gap from 2024: July 2025’s Average Sales Price was 5.4% lower than July 2024 ($1,113,116).
Total Sales
After a drop of a single home in Total Sales from May to June, Total Sales fell further, from 6,243 in June to 6,100 in July (-2.3%). But when compared to July 2024, sales were up 10.9% (5,498).
New Listings
The market featured fewer New Listings than in June, dropping from 19,839 to 17,613 in July (-11.2%). But again, when compared to 2024, the 17,613 New Listings were 5.7% higher than a year ago (16,655).
Active Listings
Active Listings remained above 30K, though the total dropped from 31,603 to 30,215 (-4.4%). This makes three consecutive months of Active Listings surpassing 30,000. What was the number for July 2024? 23,936. That’s 26.2% lower than last month’s plentiful housing availability.
Toronto
There was a bigger drop in the Average Sales Price in the 416, as July’s $1,044,576 was 7.8% lower than the $1,132,709 registered in June.
It was a similar result in the Total Sales metric. Following 2,319 Total Sales in June, 2,205 occurred in July, a 4.9% drop.
416 New Listings fell by over 1,000 homes month-to-month, from 7,053 to 6,008 (-14.8%). Active Listings ended a period of growth but remained above 10K, falling from 11,736 in June to 10,933 in July (-6.9%).
The Sales-to-New-Listings Ratio (SNLR) in the City rose from 34.3% to 34.6%. It was also up in the GTA, by 0.1 percentage points, from 34.6% to 34.7%.
Outlook
Canada appears to be weathering the storm of economic and trade uncertainty. Growth in the Canadian economy remains the best method to stave off tough times, and a strong housing sector is a good place to focus. Another rate cut would be a key measure to spur the market and trigger growth.
Should you wait? Should you jump in? I can evaluate your specific situation and provide my expert advice!
Thinking of moving to the next stage? Let’s chat. Send me an email (hillary@hillarylane.ca) or text/phone (416-882-4707).
