Below is the link to the full market report of July 2025

https://christinafung809.wixsite.com/so/dcPY4UPN3?languageTag=en&cid=687f1da8-1d6a-4144-aaf4-205593ee9639

GTA REALTORS® reported 6,100 home sales through TRREB’s MLS® System in July 2025 – up by 10.9 per cent compared to July 2024. New listings entered into the MLS® System totalled 17,613 – up by 5.7 per cent year-over-year. Sales were also up relative to listings, suggesting a modest tightening in the market compared to last year. The GTA experienced the best home sales result for the month of July since 2021.

The average selling price, at $1,051,719, was down by 5.5 per cent compared to July 2024. On a seasonally adjusted basis, July home sales increased month-over-month compared to June 2025. New listings also rose compared to June, but by a much lesser rate. With sales increasing relative to listings, market conditions tightened.

Canada's housing market is in 'new normal'. It looks like the 'old normal' “What we’ve seen in recent months is a return to that recovery is still very kind of gentle, just more of a turning point taking place,” Robert Hogue, assistant chief economist at RBC.

(quoted from globalnews on Aug 2, 2025)

Summer Updates - Buyers Waiting For vs Worried About Falling Prices & CMHC Housing Market Outlook Rest 2025