GTA Housing Market – July 2025 Summary
- Best July sales since 2021: 6,100 homes sold, up 10.9% year-over-year.
- Listings: 17,613 new listings, up 5.7% from July 2024.
- Market tightening: Sales rose faster than listings, leading to slightly tighter conditions.
- Prices:
- MLS® HPI Composite down 5.4% YoY.
- Average price at $1,051,719, down 5.5% YoY.
- Month-over-month, prices were flat.
- Drivers: Improved affordability from lower prices and borrowing costs is boosting demand, though further rate cuts are needed.
- Economic context: Canadian economy is stagnant amid U.S. trade uncertainty; housing growth could stimulate jobs and spending.
- Foreign buyer ban: Exemptions allow purchases by non-residents in certain cases (e.g., multi-unit buildings, development land, recreational properties). Temporary workers and international students may also buy under specific conditions until January 2027.
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