🏡 September 2025 GTA Real Estate Market Update

Sales tick up, prices soften, and inventory continues to favour buyers—yet key segments are showing signs of change.

🔍 By the Numbers: September at a Glance

• Total Sales: 5,592 (+8.5% YoY, +7.3% MoM)

• Average Selling Price: $1,059,377 (–4.7% YoY, +3.6% MoM)

• New Listings: +18.9% YoY, +6.9% MoM

• Active Listings: 30,215 (+26.1% YoY, –4.4% MoM)

• Sales-to-New Listings Ratio: ~29%

• Days on Market:

  • Property DOM: 51 days

  • Listing DOM: 33 days

• Months of Inventory: 5.26 months — favouring buyers

🧠 Top Takeaway

While sales are rising and some price momentum returned, elevated inventory levels and longer listing times continue to tilt the market in favour of buyers.

What's happening locally? Durham & Toronto Market Insights

Every city/town is unique as are the communities within them. Scroll through to find your town.

🏘 Segment Performance

• Condos: Represent ~25.7% of sales and ~31.4% of inventory, with ~6.42 months of supply — still clearly a buyer’s market

• Detached Homes: ~5.14 months of inventory — shifting further into buyer territory

• Durham Region: Inventory sits at ~3.97 months — rising but remains more balanced

• City of Toronto: ~5.16 months across home types — leans toward buyers

🏦 Economic & Financing Context

• In September, the Bank of Canada cut its policy rate, offering relief to borrowers and helping to support buyer activity (as noted in TRREB’s press release).

• This rate move may help to counterbalance the inventory pressure and re-energize some buyers who were previously sidelined.

• However, rising inflation and global trade uncertainty may temper further rate cuts.

🔄 What’s Changing — and What’s Not

1. Momentum is returning — monthly sales growth suggests improving buyer activity.

2. Prices remain soft — year-over-year declines persist despite a month-over-month rise.

3. Supply remains a dominant factor — with over five months of inventory and increased DOM, buyers hold more negotiation power.

4. Segment divergence continues — condos and detached properties are increasingly favouring buyers compared to earlier in 2025.

5. Rate cuts help, but not a full reset — the September BoC move is supportive, but deeper economic clarity is needed to sustain momentum.

⚖️ Buyer vs. Seller Strategy

For Buyers:

• You have room to negotiate — take your time to find the right fit.

• Don’t over-leverage timing — the bottom is rarely obvious in real-time.

• Lock in financing while buyer-friendly rates persist.

For Sellers:

• Be assertive with pricing—don’t chase the market upward.

• The longer your home sits, the more it erodes value.

• For entry-level properties, strong staging and promotion can still attract buyers in this market.

• In more competitive areas like Durham, balance your expectations with current supply dynamics.

🔮 Quick Verdict

Bottom line (for email):
In September, GTA sales gained momentum while prices held steady, but abundant inventory and longer time on market maintained a buyer’s advantage.

Need help navigating the current market?

👉 Reach out for a personalized consultation