Average price — Mean sale price across all transactions. Sensitive to the mix of homes that sold.
$1,051,719
MoM −$49,972 −4.5% down $49,972, 4.5% versus June 2025 YoY −5.0% down 5.0% versus July 2024
Source: TRREB MarketWatch, July 2025
Greater Toronto Area · TRREB MarketWatch
GTA Real Estate Market Report
July 2025
In July 2025 the average selling price across the Greater Toronto Area fell 4.5% to $1,051,719 versus June 2025, and sales edged down 2.3% to 6,100.
Headline indicators
All TRREB areas · all home types
Median price — The midpoint sale price. Less affected by a few very high or low sales than the average.
$910,000
MoM −$40,000 −4.2% down $40,000, 4.2% versus June 2025 YoY −4.2% down 4.2% versus July 2024
MLS® HPI benchmark — Quality-adjusted price for a typical home. The cleanest like-for-like price signal.
$981,000
MoM −$14,100 −1.4% down $14,100, 1.4% versus June 2025 YoY −5.4% down 5.4% versus July 2024
Sales — Firm transactions reported through the MLS® System during the month.
6,100
MoM −143 −2.3% down 143, 2.3% versus June 2025 YoY +13.2% up 13.2% versus July 2024
Dollar volume — Total value of all sales in the month.
$6.42B
MoM −$462,371,586 −6.7% down $462,371,586, 6.7% versus June 2025 YoY +7.5% up 7.5% versus July 2024
New listings — Properties newly listed during the month.
17,613
MoM −2,226 −11.2% down 2,226, 11.2% versus June 2025 YoY +8.1% up 8.1% versus July 2024
Active listings — Listings available at month end.
30,215
MoM −1,388 −4.4% down 1,388, 4.4% versus June 2025 YoY +26.5% up 26.5% versus July 2024
Avg. LDOM — Average days on market for the current listing. Not reported before 2020.
30
MoM +4 days +15.4% up 4 days, 15.4% versus June 2025 YoY +25.0% up 25.0% versus July 2024
Avg. PDOM — Average days on market across the property’s consecutive listings. Not reported before 2020.
41
MoM −1 day −2.4% down 1 day, 2.4% versus June 2025 YoY +13.9% up 13.9% versus July 2024
Avg. SP/LP — Average sale price as a share of list price. Above 100% means competing offers were common.
98%
MoM no change no change versus June 2025 YoY −1.0% down 1.0% versus July 2024
SNLR — Sales-to-new-listings ratio, computed here from this month’s counts. Below 40% favours buyers, above 60% favours sellers.
34.6%
MoM +3.2 pp +10.1% up 3.2 pp, 10.1% versus June 2025 YoY +4.7% up 4.7% versus July 2024
Months of inventory — Active listings divided by monthly sales — how long the current stock would take to sell. Computed here, not TRREB’s trend figure.
5.0
MoM −0 −2.2% down 0, 2.2% versus June 2025 YoY +11.8% up 11.8% versus July 2024
The month in 60 seconds
- Across all TRREB areas, new listings dropped 11.2% to 17,613 versus June 2025.
- Across all TRREB areas, the average selling price fell 4.5% to $1,051,719 versus June 2025.
- Across all TRREB areas, active listings fell 4.4% to 30,215 versus June 2025.
- Across all TRREB areas, the median selling price fell 4.2% to $910,000 versus June 2025.
- Across all TRREB areas, sales edged down 2.3% to 6,100 versus June 2025.
Generated from the figures above. Ordered by size of month-over-month move.
Economy
Indicators published with this edition
Real GDP growth
2.2%
Q1 2025
Toronto employment growth
1.9%
June 2025
Toronto unemployment rate
8.7%
June 2025
Inflation (CPI, year-over-year)
1.9%
June 2025
Bank of Canada overnight rate
2.8%
July 2025
Prime rate
5%
July 2025
1-year mortgage rate
6.09%
July 2025
3-year mortgage rate
6.05%
July 2025
5-year mortgage rate
6.09%
July 2025
By home type
All TRREB areas
| Home type | Sales | MoM | Average price | MoM | YoY |
|---|---|---|---|---|---|
| Detached | 2,795 | −216 −7.2% down 216, 7.2% versus June 2025 | $1,361,660 | −$30,373 −2.2% down $30,373, 2.2% versus June 2025 | −4.5% down 4.5% |
| Semi-detached | 596 | −5 −0.8% down 5, 0.8% versus June 2025 | $1,041,359 | −$48,392 −4.4% down $48,392, 4.4% versus June 2025 | −2.5% down 2.5% |
| Att/row/townhouse | 596 | +30 +5.3% up 30, 5.3% versus June 2025 | $929,524 | −$36,268 −3.8% down $36,268, 3.8% versus June 2025 | −8.8% down 8.8% |
| Condo townhouse | 451 | −31 −6.4% down 31, 6.4% versus June 2025 | $743,469 | −$17,637 −2.3% down $17,637, 2.3% versus June 2025 | −6.5% down 6.5% |
| Condo apartment | 1,576 | +66 +4.4% up 66, 4.4% versus June 2025 | $651,483 | −$44,941 −6.5% down $44,941, 6.5% versus June 2025 | −9.4% down 9.4% |
| Link | 66 | +7 +11.9% up 7, 11.9% versus June 2025 | $933,315 | −$18,510 −1.9% down $18,510, 1.9% versus June 2025 | −10.4% down 10.4% |
| Co-op apartment | 8 | no change no change versus June 2025 | $513,738 | −$95,137 −15.6% down $95,137, 15.6% versus June 2025 | −36.9% down 36.9% |
| Detached condo | 6 | +1 +20.0% up 1, 20.0% versus June 2025 | $823,583 | −$132,897 −13.9% down $132,897, 13.9% versus June 2025 | −31.1% down 31.1% |
| Co-ownership apartment | 6 | +5 +500.0% up 5, 500.0% versus June 2025 | $384,667 | −$220,333 −36.4% down $220,333, 36.4% versus June 2025 | −13.4% down 13.4% |
Average price by home type
13 months to July 2025
| Month | Detached | Semi-detached | Att/row/townhouse | Condo townhouse | Condo apartment |
|---|---|---|---|---|---|
| Jul '24 | 1425927 | 1067576 | 1018731 | 794761 | 718698 |
| Aug '24 | 1414070 | 1026435 | 991307 | 760750 | 674706 |
| Sep '24 | 1423056 | 1090749 | 982656 | 791077 | 682543 |
| Oct '24 | 1462838 | 1108376 | 1007417 | 785827 | 694038 |
| Nov '24 | 1452518 | 1077254 | 994251 | 753352 | 689599 |
| Dec '24 | 1399209 | 1088543 | 1015505 | 767688 | 681855 |
| Jan '25 | 1377430 | 1047728 | 983856 | 802905 | 670675 |
| Feb '25 | 1445879 | 1079996 | 991066 | 802862 | 688055 |
| Mar '25 | 1439268 | 1111791 | 1001043 | 789129 | 682019 |
| Apr '25 | 1431495 | 1088848 | 1005487 | 783935 | 678048 |
| May '25 | 1425264 | 1098447 | 995662 | 763172 | 683413 |
| Jun '25 | 1392033 | 1089751 | 965792 | 761106 | 696424 |
| Jul '25 | 1361660 | 1041359 | 929524 | 743469 | 651483 |
Movers this month
Ranked across 55 of the 55 required areas · minimum 10 sales to qualify
Average price, month-over-month
Top 5
- Toronto C13 +38.1% up 38.1%
- Uxbridge +37.2% up 37.2%
- Toronto C03 +20.5% up 20.5%
- King +12.7% up 12.7%
- Aurora +11.4% up 11.4%
Bottom 5
- Toronto W07 −23.8% down 23.8%
- Toronto C02 −18.1% down 18.1%
- Toronto W08 −15.7% down 15.7%
- Toronto W04 −13.4% down 13.4%
- Caledon −12.5% down 12.5%
Sales, month-over-month
Top 5
- Toronto E11 +58.3% up 58.3%
- Toronto E06 +47.6% up 47.6%
- Toronto W10 +46.7% up 46.7%
- Toronto W05 +25.8% up 25.8%
- Toronto C15 +22.9% up 22.9%
Bottom 5
- Toronto E10 −48.6% down 48.6%
- King −46.7% down 46.7%
- Toronto C09 −40.0% down 40.0%
- Toronto E02 −35.5% down 35.5%
- Toronto W02 −34.6% down 34.6%
Areas below the sales threshold are excluded — with a handful of sales, a couple of transactions can invent a swing that is not a market move.
Market balance
Sales-to-new-listings and months of inventory, computed from this month’s counts
All TRREB areas
SNLR
34.6%
prior month 31.5%
Months of inventory
5.0
All TRREB areas reads differently on the two balance measures — a buyer's market at 34.6% sales-to-new-listings, but balanced conditions at 5.0 months of inventory. They measure different things, so the split is worth noting.
City of Toronto (416)
SNLR
36.7%
prior month 32.9%
Months of inventory
5.0
City of Toronto (416) reads differently on the two balance measures — a buyer's market at 36.7% sales-to-new-listings, but balanced conditions at 5.0 months of inventory. They measure different things, so the split is worth noting.
905 total
SNLR
33.6%
prior month 30.7%
Months of inventory
5.0
905 total reads differently on the two balance measures — a buyer's market at 33.6% sales-to-new-listings, but balanced conditions at 5.0 months of inventory. They measure different things, so the split is worth noting.
These are computed here from the month’s raw counts. TRREB also publishes its own trend-smoothed SNLR and months-of-inventory figures, which are shown separately on the area pages and are not the same measure.
Where I work
Downtown TorontoMidtownScarboroughYork RegionDurham Region
Downtown
$782,493
- Sales
- 434
- SNLR
- 31.4%
- MOI
- 6.5
Aggregated across 2 districts · View →
Midtown
$1,693,053
- Sales
- 271
- SNLR
- 38.2%
- MOI
- 4.8
Aggregated across 6 districts · View →
Scarborough
$882,364
- Sales
- 382
- SNLR
- 38.4%
- MOI
- 4.4
Aggregated across 8 districts · View →
York Region
$1,234,564
- Sales
- 1,049
- SNLR
- 30.9%
- MOI
- 5.6
Region total · View →
Durham Region
$885,259
- Sales
- 852
- SNLR
- 41.4%
- MOI
- 3.3
Region total · View →
Average price for a multi-district group is weighted by dollar volume, not an average of averages — that would give a district with three sales the same weight as one with three hundred.