So far, it’s been a fantastic fall in the Greater Toronto Area — with warm weather lingering, kids back in school, and some underlying optimism returning to the real estate market.

September 2025 brought renewed buyer activity as affordability improved and inventory increased across the GTA.

📈 Market Highlights

✅ Sales are up.

TRREB reported 5,592 home sales, marking an 8.5% increase compared to September 2024.

✅ Inventory is higher.

Active listings rose 18.9% year-over-year, giving buyers more choice — and keeping prices in check.

✅ Prices are lower.

The average selling price in September was $1,059,377, a 4.7% decline from last year, reflecting continued buyer leverage.

✅ Rate cut relief.

The Bank of Canada’s September rate cut has started to ease monthly mortgage payments, improving affordability and stimulating demand.

🏙️ Condo Market Spotlight

Resale condominium sales saw a healthy 9.5% year-over-year increase.

While more buyers are re-entering the condo market, performance varies widely:

Well-located, well-managed buildings are seeing steady activity.

Units with high maintenance fees or dated finishes are sitting longer.

This growing divide underscores the importance of strategic pricing and presentation — especially for sellers looking to stand out.

💬 Market Insight

TRREB’s Chief Market Analyst, Jason Mercer, noted that while September’s results mark a step in the right direction, activity still sits below historic norms.

He added that two additional 25-basis-point cuts could bring monthly mortgage payments closer to average household incomes — a shift that could unlock more buyer demand and boost overall market confidence.

💡 Why This Matters

As sales strengthen and borrowing costs ease, price appreciation typically follows.

Historically, rising sales volumes have signaled the early stages of recovery.

For buyers, this represents an important window — before prices start to climb again.

For sellers, it’s an opportunity to list while competition remains moderate and motivated buyers are actively searching.

📲 Let’s Talk Strategy

Whether you’re planning to buy, sell, or simply watch the market, now’s the time to prepare.

Let’s discuss how these trends impact your neighbourhood, your home value, and your next move.