10/09/2025
Reporting for September 2025 in the Greater Toronto Area π, broken down by different home types.
βThe Bank of Canadaβs September interest rate cut was welcome news for homebuyers. With lower borrowing costs, more households are now able to afford monthly mortgage payments on a home that meets their needs. Increased home purchases will also stimulate the economy through housing-related spin-off spending helping to offset the impact of ongoing trade challenges,β said Toronto Regional Real Estate Board (TRREB) President Elechia Barry-Sproule.
βWhile home sales have improved over the past year, they still remain below normal levels relative to the number of households in the GTA. Two more 25-basis-point interest rate cuts by the Bank of Canada would see monthly mortgage payments move more in line with homebuyersβ average incomes, further spurring home sales and related economic activity,β said TRREB Chief Information Officer Jason Mercer.
Comparing to August 2025, the number of residential transactions increased by 2%. The average sale price for all home types combined now stands at $1,059,377.
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