10/09/2025
SEPTEMBER MARKET UPDATE! 📊
September home sales increased in the GTA compared to last year, as more homebuyers sought to take advantage of more affordable monthly mortgage payments. Buyers continued to respond to high inventory in the marketplace by negotiating the average selling price downward.
“The Bank of Canada’s 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,” said Toronto Regional Real Estate Board (TRREB) President Elechia Barry-Sproule.
5,592 home sales reported in September 2025 – up by 8.5% compared to September 2024. New listings amounted to 19,260 – up by 4% year-over-year.
On a seasonally adjusted basis, September home sales were up month-over-month compared to August 2025. In contrast, new listings were down compared to August, suggesting that market conditions may have tightened slightly in some segments.
The MLS® Home Price Index (MLS® HPI) Composite benchmark was down by 5.5 per cent year-over-year in September 2025. The average selling price, at $1,059,377, was also down by 4.7 per cent compared to September 2024.
On a month-over-month seasonally adjusted basis, the MLS® HPI Composite dipped by 0.5 per cent compared to August. The average selling price remained largely flat compared to August, edging up by 0.2 per cent.
