The Toronto Regional Real Estate Board (TRREB) have released their Market Watch report for September 2025. The report shows that the number of homes sold rose from August 2025 levels, while new listings declined, indicating that market conditions may be starting to tighten.
Sales activity was also higher than it was in September 2024. In total September saw 5,592 homes sold, up 8.5% from the same time last year. Possibly pointing to the fact that Buyer’s may be returning to the market.
The Bank of Canada’s September interest rate cut was welcome news for homebuyers. With lower borrowing costs, more households are now able to afford monthly mortgage payments on a home that meets their needs. Increased home purchases will also stimulate the economy through housing-related spin-off spending helping to offset the impact of ongoing trade challenges,” said Toronto Regional Real Estate Board (TRREB) President Elechia Barry-Sproule.
While prices are lower than they were in September 2024, they edged up 0.2% over August 2025 levels. So overall prices and the number of home sales were both up over the month prior. With the expectation for 2 more rate cuts from the Bank of Canada the market may begin to see more upward changes in the selling price.
Two more 25-basis-point interest rate cuts by the Bank of Canada would see monthly mortgage payments move more in line with homebuyers’ average incomes, further spurring home sales and related economic activity,” said TRREB Chief Information Officer Jason Mercer.
If you’d like more information about TRREB’s Market Watch report and how it may affect buying or selling a property now, please don’t hesitate to ask. I am always happy to help.