10/03/2025
📊 GTA Housing Market Update – September
The Greater Toronto Area market showed renewed strength in September as motivated buyers returned. Higher inventory and moderating prices created more favourable conditions across all property types.
🏡 Overall Market
Avg. home price rose 3.6% month-over-month to $1,059,377
Active listings hit 29,394, up 72% above the 10-year average
Sales climbed 7.3% vs. August and 12% vs. last year
📈 By Property Type
Detached: $1,359,030 avg. (+3.5%), sales up 10%
Condos: $655,231 avg. (+2%), sales up 5%
Semi-detached: $1,015,543 avg. (+3.6%), sales up 14.7%
Townhomes: $947,928 avg. (flat), sales up 4%
💡 A Royal LePage survey shows 13% of Canadians plan to buy their first home within 2 years. With interest rates trending lower and prices stabilizing, conditions are improving — but many buyers remain cautious, waiting for more certainty or additional rate cuts.
📉 TRREB notes that the Bank of Canada’s September rate cut is already helping affordability, though overall sales remain below long-term norms.
➡️ Bottom line: Buyers today have more choice, more negotiating power, and improving affordability — but confidence is still building.