There were 5,211 home sales reported through TRREB’s MLS System in August 2025, up by 2.3% compared to August 2024. The total number of new listings were up 22.4% to a total of 27,495 available homes for sale of all home types.
More choice has put further pressure on prices with the average selling price of $1,022,143, down by 5.2% compared to August 2024. Months of inventory remained in a buyers market with over 5 months of available homes of all types.
TRREB's Chief Information Officer Jason Mercer reported that even with lower borrowing costs and selling prices over the past year, further relief in lending costs is required to see an increased number of buyers move off the sidelines to take advantage of today’s well-supplied market.
The condominium market has seen some consistency over the past few months with sales averaging approximately between 1400 to 1500 per month. However, a record number of new condominium deliveries continue to fuel the over supply of this home type, putting downward pressure on prices, down 4.2% over August last year.
With the current state of our market we have to read between the lines to find the great opportunities that are available and I am here to help. I am able to assist you with all your real estate needs, please never hesitate to reach out to me as I look forward to connecting with you soon.
About Anne Lok, Broker B. Arch, M.AAD.
Anne is a Toronto-based realtor with an architectural background, specializing in design-forward properties in historically rich neighbourhoods. She offers a customized approach for each client, helping buyers find homes that blend timeless charm with modern functionality. Anne also guides sellers in showcasing the unique appeal of their properties and assists investors in identifying opportunities with strong potential for growth.
Contact Anne for a Buyer or Seller consultation.
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