Toronto’s Real Estate Market saw the best home sales results for the month of July since 2021. According to TRREB’s monthly Market Watch report, sales were up relative to listings in July which suggests a tightening in the market compared to the same month last year.
July home sales increased by 10.9% month-over-month compared to June 2025. New listings also rose compared to June, but by a much lesser rate of 5.7%.
With sales increasing relative to listings, market conditions appear to be tightening.
It is worth noting that the average selling price remained similar to June 2025.
In the City of Toronto, there were 2,205 sales last month, an 11 per cent increase from July 2024. Throughout the rest of the GTA, home sales were up 10.9 per cent to 3,895.
All property types throughout the region saw more sales overall in July compared with a year ago.
The largest increase was in the semi-detached segment, which was up 25.5 per cent, followed by detached houses with an 11.3 per cent increase. There were 7.9 per cent more townhouses sold and a 5.8 per cent increase in the number of condos that changed hands.
According to Jason Mercer, TRREB Chief Information Officer, “Recent data suggest 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.”