August 2025 home sales reported in the GTA through TRREB's MLS® System inched up by 2.3% year-over-year, with homebuyers benefiting from an influx of new listings. Over 14,000 new home listings were entered into the MLS® System in the month, an increase of 9.4% from August 2024, attracting well-educated buyers who were able to negotiate home prices downward in the midst of a well-supplied market.
The result: the MLS® Home Price Index Composite benchmark dropped 5.2% YOY in August 2025. On a month-over-month seasonally adjusted basis, both the MLS ® HPI Composite and average selling price remained flat compared to July.
“Compared to last year, we have seen a modest increase in home sales over the summer. With the economy slowing and inflation under control, additional interest rate cuts by the Bank of Canada could help offset the impact of tariffs. Greater affordability would not only support more home sales but also generate significant economic spin-off benefits,” said TRREB President Elechia Barry-Sproule.
GTA REALTORS® reported 5,211 home sales in August 2025. On a seasonally adjusted basis, August home sales declined month-over-month compared to July 2025. In contrast, new listings increased compared to July, reaffirming that buyers have continued to benefit from a well-supplied housing market.