Average price — Mean sale price across all transactions. Sensitive to the mix of homes that sold.
$1,022,143
MoM −$29,576 −2.8% down $29,576, 2.8% versus July 2025 YoY −4.9% down 4.9% versus August 2024
Source: TRREB MarketWatch, August 2025
Greater Toronto Area · TRREB MarketWatch
GTA Real Estate Market Report
August 2025
In August 2025 the average selling price across the Greater Toronto Area edged down 2.8% to $1,022,143 versus July 2025, and sales dropped 14.6% to 5,211, though a summer slowdown is the seasonal norm.
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.
$887,000
MoM −$23,000 −2.5% down $23,000, 2.5% versus July 2025 YoY −4.1% down 4.1% versus August 2024
MLS® HPI benchmark — Quality-adjusted price for a typical home. The cleanest like-for-like price signal.
$969,700
MoM −$11,300 −1.2% down $11,300, 1.2% versus July 2025 YoY −5.2% down 5.2% versus August 2024
Sales — Firm transactions reported through the MLS® System during the month.
5,211
MoM −889 −14.6% down 889, 14.6% versus July 2025 YoY +4.7% up 4.7% versus August 2024
Dollar volume — Total value of all sales in the month.
$5.33B
MoM −$1,089,102,347 −17.0% down $1,089,102,347, 17.0% versus July 2025 YoY −0.4% down 0.4% versus August 2024
New listings — Properties newly listed during the month.
14,038
MoM −3,575 −20.3% down 3,575, 20.3% versus July 2025 YoY +11.9% up 11.9% versus August 2024
Active listings — Listings available at month end.
27,495
MoM −2,720 −9.0% down 2,720, 9.0% versus July 2025 YoY +21.4% up 21.4% versus August 2024
Avg. LDOM — Average days on market for the current listing. Not reported before 2020.
33
MoM +3 days +10.0% up 3 days, 10.0% versus July 2025 YoY +17.9% up 17.9% versus August 2024
Avg. PDOM — Average days on market across the property’s consecutive listings. Not reported before 2020.
49
MoM +8 days +19.5% up 8 days, 19.5% versus July 2025 YoY +11.4% up 11.4% versus August 2024
Avg. SP/LP — Average sale price as a share of list price. Above 100% means competing offers were common.
97%
MoM −1.0 pp −1.0% down 1.0 pp, 1.0% versus July 2025 YoY −2.0% down 2.0% versus August 2024
SNLR — Sales-to-new-listings ratio, computed here from this month’s counts. Below 40% favours buyers, above 60% favours sellers.
37.1%
MoM +2.5 pp +7.2% up 2.5 pp, 7.2% versus July 2025 YoY −6.4% down 6.4% versus August 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.
5.3
MoM +0 +6.5% up 0, 6.5% versus July 2025 YoY +15.9% up 15.9% versus August 2024
The month in 60 seconds
- Across all TRREB areas, new listings dropped 20.3% to 14,038 versus July 2025.
- Across all TRREB areas, sales dropped 14.6% to 5,211 versus July 2025.
- Across all TRREB areas, active listings dropped 9.0% to 27,495 versus July 2025.
- Across all TRREB areas, the average selling price edged down 2.8% to $1,022,143 versus July 2025.
- Across all TRREB areas, the median selling price edged down 2.5% to $887,000 versus July 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 | 2,411 | −384 −13.7% down 384, 13.7% versus July 2025 | $1,312,240 | −$49,420 −3.6% down $49,420, 3.6% versus July 2025 | −7.2% down 7.2% |
| Semi-detached | 441 | −155 −26.0% down 155, 26.0% versus July 2025 | $980,102 | −$61,257 −5.9% down $61,257, 5.9% versus July 2025 | −4.5% down 4.5% |
| Att/row/townhouse | 541 | −55 −9.2% down 55, 9.2% versus July 2025 | $946,395 | +$16,871 +1.8% up $16,871, 1.8% versus July 2025 | −4.5% down 4.5% |
| Condo townhouse | 386 | −65 −14.4% down 65, 14.4% versus July 2025 | $739,341 | −$4,128 −0.6% down $4,128, 0.6% versus July 2025 | −2.8% down 2.8% |
| Condo apartment | 1,369 | −207 −13.1% down 207, 13.1% versus July 2025 | $642,195 | −$9,288 −1.4% down $9,288, 1.4% versus July 2025 | −4.8% down 4.8% |
| Link | 47 | −19 −28.8% down 19, 28.8% versus July 2025 | $926,389 | −$6,926 −0.7% down $6,926, 0.7% versus July 2025 | −5.7% down 5.7% |
| Co-op apartment | 7 | −1 −12.5% down 1, 12.5% versus July 2025 | $603,714 | +$89,976 +17.5% up $89,976, 17.5% versus July 2025 | −2.1% down 2.1% |
| Detached condo | 6 | no change no change versus July 2025 | $800,833 | −$22,750 −2.8% down $22,750, 2.8% versus July 2025 | +3.7% up 3.7% |
| Co-ownership apartment | 3 | −3 −50.0% down 3, 50.0% versus July 2025 | $409,500 | +$24,833 +6.5% up $24,833, 6.5% versus July 2025 | −10.8% down 10.8% |
Average price by home type
13 months to August 2025
| Month | Detached | Semi-detached | Att/row/townhouse | Condo townhouse | Condo apartment |
|---|---|---|---|---|---|
| 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 |
| Aug '25 | 1312240 | 980102 | 946395 | 739341 | 642195 |
Movers this month
Ranked across 55 of the 55 required areas · minimum 10 sales to qualify
Average price, month-over-month
Top 5
- Toronto E02 +26.7% up 26.7%
- Brock +19.7% up 19.7%
- Toronto C15 +12.2% up 12.2%
- Toronto W07 +11.4% up 11.4%
- Scugog +11.2% up 11.2%
Bottom 5
- Toronto C11 −45.5% down 45.5%
- Toronto W01 −18.5% down 18.5%
- Uxbridge −17.8% down 17.8%
- Toronto E10 −13.9% down 13.9%
- Toronto E03 −13.3% down 13.3%
Sales, month-over-month
Top 5
- Toronto C13 +23.3% up 23.3%
- Aurora +17.0% up 17.0%
- Toronto W04 +13.2% up 13.2%
- Toronto E08 +9.1% up 9.1%
- Whitchurch-Stouffville +8.5% up 8.5%
Bottom 5
- Toronto E02 −53.1% down 53.1%
- Toronto E03 −46.0% down 46.0%
- Toronto E11 −45.6% down 45.6%
- Toronto C15 −40.7% down 40.7%
- Toronto C11 −40.6% down 40.6%
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
37.1%
prior month 34.6%
Months of inventory
5.3
All TRREB areas reads differently on the two balance measures — a buyer's market at 37.1% sales-to-new-listings, but balanced conditions at 5.3 months of inventory. They measure different things, so the split is worth noting.
City of Toronto (416)
SNLR
39.2%
prior month 36.7%
Months of inventory
5.4
City of Toronto (416) reads differently on the two balance measures — a buyer's market at 39.2% sales-to-new-listings, but balanced conditions at 5.4 months of inventory. They measure different things, so the split is worth noting.
905 total
SNLR
36.1%
prior month 33.6%
Months of inventory
5.2
905 total reads differently on the two balance measures — a buyer's market at 36.1% sales-to-new-listings, but balanced conditions at 5.2 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
$752,722
- Sales
- 397
- SNLR
- 37.1%
- MOI
- 6.2
Aggregated across 2 districts · View →
Midtown
$1,549,904
- Sales
- 180
- SNLR
- 37.3%
- MOI
- 6.2
Aggregated across 6 districts · View →
Scarborough
$863,933
- Sales
- 328
- SNLR
- 40.0%
- MOI
- 4.6
Aggregated across 8 districts · View →
York Region
$1,184,196
- Sales
- 994
- SNLR
- 38.1%
- MOI
- 5.4
Region total · View →
Durham Region
$860,951
- Sales
- 676
- SNLR
- 40.4%
- MOI
- 4.0
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.