The July market report is out!

The Greater Toronto Area experienced the best home sales result for the month of July since 2021. Sales were also up relative to listings, suggesting a modest tightening in the market compared to last year. Improved affordability, brought about by lower home prices and borrowing costs has started to translate into increased home sales allowing for growing a number of households to find affordable home options.

There were 6,100 home sales in July 2025, up by 10.9% compared to July 2024. Active listings on the MLS System totalled 30,215 up 26.2% year-over-year representing 4.95 months of available homes for sale of all types. Under five months of inventory represents a market trending in favour of a sellers market. New listings rose compared to June, but by a much lesser rate. With sales increasing relative to listings, market conditions are tightening.

TRREB Chief Information Officer Jason Mercer reported that recent data suggests that the Canadian economy is treading water in the face of trade uncertainty with the United States. A key way to mitigate the impact of trade uncertainty is to promote growth in the domestic economy. The housing sector can be a catalyst for growth, with most spin-off expenditures accruing to regional economies. Further interest rate cuts would spur home sales and see more spin-off expenditures, positively impacting the economy and job growth.

Condominium sales have remained consistent with 1576 sales, up over this past June by 4.4% and up over last July by 6.3%. Prices have declined by 9.4% over last July, much in part due to the great number of deliveries of new construction units this year and leading into the next.