As we shift into the Fall market, we thought it would be helpful to summarize what’s going on out there:
It’s a Buyers market- plain and simple. August 2025's sales-to-new-listings ratio (SNLR) was 37%, indicating a buyer's market. The amount of available listings is building (SNLR below 50% = Buyers market and over 50% = Sellers market). This is a slight increase from the 35% SNLR that the GTA saw in July 2025 and 33% in June. (Of note- an uptick in these numbers shows there is a trend beginning which should start to swing to a sellers market as we move into Spring 2026).
The GTA had 5,211 unit sales in August 2025, a 4.7% increase over last year.
- Detached home sales +8.7% year-over-year
- Semi-detached home sales + 3.3% yoy
- Freehold townhome sales + 9.1% yoy
- Condo sales down - 3.4% yoy
The average sold price in August for all property types in the GTA was $1,022,143 - a 2.8% decrease yoy. Many buyers moved ahead with purchasing- largely when they felt they were getting a ‘deal’.
The average property's days on the market increased to 49 days in August 2025, up from 44 in August 2024. Properties are taking longer to sell.
Cost of money- Expect to see further rate decreases as we move through fall which should help the market enter into a more balanced position.
If you are considering selling- a successful outcome in today’s market is all about smart pricing, excellent presentation and promotion and a sound strategy.
We are here to consult- when the timing is right for you and your family.
- Kevin
