July 2025 Housing Market Stats, Contrarians Are Buying

Hi All

GTA Market Update – July 2025 Snapshot

Sales Activity:

6,100 homes sold—up 10.9% year-over-year

New Listings:

17,613 entered—up 5.7% year-over-year

Month-over-Month Trends:

Sales increased compared to June; listings also rose but at a slower pace

Pricing:

• MLS® HPI Benchmark: Down 5.4% compared to July 2024

• Average Price: $1,051,719—down 5.5% year-over-year; flat compared to June

Market Dynamics:

Sales are climbing faster than listings, tightening conditions slightly. However, prices continue to remain sticky.

Economic Insight:

With ongoing trade uncertainty between Canada and the U.S., the housing market remains a crucial driver of domestic growth. TRREB encourages interest rate cuts to boost sales and spur economic activity.

BOC Rate Announcements 2025:

* Wednesday, Jan 29 (Cut .25% To 3.00%)

* Wednesday, March 12 (Cut .25% To 2.75%)

* Wednesday, April 16 (HOLD At 2.75%)

* Wednesday, June 4 (HOLD At 2.75%)

* Wednesday, July 30 (HOLD At 2.75%) 🥴

* Wednesday, September 17

* Wednesday, October 29

• Wednesday, December 10

Due to volatility in the Toronto condo market, I’ve excluded all home types except freehold detached on the monthly chart below. We can see that the number of active listings has finally lost some steam month over month, though levels will likely remain high for the next few months. Elevated inventory continues to put downward pressure on pricing, which is reacting, albeit slowly, to the supply. Meanwhile, the number of transactions remains low, as prices have not responded significantly to the reduced demand. As we exit the traditional real estate season, we may see further price decreases and more transactions, as sellers who need to move, act before winter.

Thinking of buying, selling, or investing?

Let’s explore what these trends mean for your goals. Reach out anytime, I’m here to help you navigate the market with confidence. brad@jj.team