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The Toronto Regional Real Estate Commission said sales increased 13% from June’s seasonal adjustment to month due to higher affordability driven by lower prices and borrowing costs, “is beginning to translate into an increase in home sales.”
Compared to the same period last year, the average selling price fell 5.5% to $1,051,719, while the comprehensive benchmark price representing typical homes fell 5.4% year-on-year.
“It’s clear that more families are looking for affordable options for home ownership,” said TRREB president Elechia Barry-Sproule, but warned that stimulus markets require more relief, especially in the case of borrowing costs. ”
The board said it listed 17,613 new properties in the GTA last month, an increase of 5.7% from July 2024.
The number of activity lists last month reached 30,215, an increase of 26.2% from the list of 23,936 homes last year.
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Last modified: August 6, 2025
