August is typically one of the slowest months in real estate, with many people away on vacation—but this year, the Toronto market had some interesting shifts.
Here’s a closer look at what happened in August 2025:
5,211 sales were recorded across the GTA. That’s up 2.3% year-over-year, though down from July’s 6,100.
Detached, semi-detached, and townhomes all saw year-over-year increases, with detached homes leading the way at nearly 6% growth.
The only segment that slipped was condos, down about 5% compared to last year.
Buyers had more choice than we’ve seen in years:
New listings climbed 9.4%
Active listings jumped 22.4% year-over-year
This increase in inventory is giving buyers greater negotiating power across the GTA.
The average selling price in August came in at $1.022M, down 5.2% year-over-year and slightly lower than July’s $1.05M.
Most property types faced downward pressure, with the exception of Toronto townhomes, which saw a modest gain of about 1%.
With more inventory and softer prices, the GTA is firmly sitting in a buyer’s market. Areas like Mississauga, Brampton, and York Region are seeing inventory levels close to six months—meaning more choice, more time, and more negotiating power for buyers.
If you’re a buyer, this is an opportunity to explore the market with confidence. More listings and less competition give you leverage to negotiate on price and terms.
If you’re a seller, pricing strategically is more important than ever. Properties that are well-prepared and positioned competitively are still moving, but buyers are more selective.
Thinking about buying or selling in today’s market? Reach out—I’d be happy to give you a customized breakdown of what’s happening in your neighbourhood.