TRREB GTA Numbers for August 2025
- Sales: 5,211 homes sold (+2.3% annually)
- New Listings: 14,038 (+9.4% annually)
- Average Price: $1,022,143 (down 5.2% annually)
- Months of Inventory: 5.28 (+6.5% annually)
Toronto’s housing market is still working through one of the sharpest corrections in decades. Low-rise homes remain the hardest hit, with prices sitting nearly 26% below their February 2022 peak. The average selling price across all home types is just over $1.022M, about 23% lower than the early 2022 high of $1.335M.
The condo market isn’t holding up much better. Sales slipped 4.9% year-over-year, while active listings climbed 9%, leading to another 5% drop in average prices.
Across all segments, the story is the same: supply continues to grow faster than demand, leaving buyers with more negotiating power and keeping downward pressure on prices.
What Happened in February 2022
The last peak was fueled by a perfect storm:
- Record immigration (430K newcomers and 551K new study permits issued in 2022)
- Ultra-low interest rates (as low as 1.45% for a 5-year variable)
- Pandemic-driven lifestyle shifts, as households upsize for space and flexibility
When Will Prices Bounce Back?
While further Bank of Canada rate cuts could provide some affordability relief, we can all agree that rates won’t return to pandemic lows. We have already seen 7 consecutive rate cuts, and that hasn’t stopped the downturn yet. It seems like it will take a while before we get back to those 2022 conditions.
Many GTA households still find mortgage payments on an “average” home difficult to manage. With uncertainty around the broader economy and trade with the U.S., any recovery is more likely to be gradual than dramatic.
Sold Story on Our Listings in Mississauga
Not every sale is a win on paper. This home was bought in early 2021, and now we are selling it below where it was. For sellers, it’s tough to accept.
Two price drops. Slow showings. Lowball offers.
And this neighbourhood has over 8 months of inventory… where homes sit unsold for weeks and months.
That’s where strategy comes in. We cleaned, painted, staged, and most importantly, listened to the market. While others are still sitting, this home is SOLD ✅.
It’s not always about record prices. Sometimes, success is simply getting it sold even when the odds are against you.
Our Buyer’s success
On the other side of the market, we had two buyers purchase condos successfully this month. With plenty of options available, we were able to negotiate aggressively and secure excellent value.
We also had the time to properly secure financing, conduct home inspections, and review condominium status certificates — ensuring both buyers moved forward with confidence.
What this means for you
- Buyers: One of the most favourable markets in years — more listings, softer prices, and plenty of negotiating room. If you are thinking of buying, this is the time
- Sellers: Success today isn’t about waiting for multiple offers. It’s about preparation, strategy, and pricing right. In today’s market, overpricing is the fastest way to be left behind.
- Investors: Focus on cash flow and long-term fundamentals, not quick appreciation.
Toronto real estate is in a new phase: slower demand, higher supply, and prices that may still need to adjust before true stability returns.
For personalized advice based on your specific situation and neighbourhood, let’s connect.
📱Phone: 647-504-0690
📧 Email: steven@mistersauga.ca
*Your Trusted Partner in the GTA Real Estate Journey*