TRREB's August numbers are out. Here's what they show and what they mean for buyers and sellers in the GTA right now.
The August 2025 numbers
August sales across the GTA came in at 5,211 homes sold — up 2.3% year-over-year. New listings reached 14,038, up 9.4% year-over-year. The average sale price was $1,022,143, down 5.2% from August 2024 and roughly flat compared to July.
The demand side is showing modest improvement — sales are up year-over-year — but supply is growing faster than demand, which is why prices continue to drift lower.
Where inventory is building
Not all pockets of the GTA are moving the same way. Inventory is visibly piling up in Pickering, Ajax, and parts of York and Peel Region. These are markets that saw aggressive appreciation during the pandemic years, and they're now giving back more than average as buyers have choices and take their time.
If you're selling in these areas, the pricing conversation is critical. A well-priced listing still moves. An overpriced one sits.
What's happening with rates
Fixed mortgage rates are currently sitting in the high-3 to mid-4% range. Canada lost 66,000 jobs last month, which has added pressure on the Bank of Canada to act — but for now, rates are where they are and buyers are qualifying accordingly.
If you're in the market or approaching a renewal, use our mortgage calculator to see what current rates mean for your buying power or monthly payment. The difference between the top and bottom of that range is meaningful.
The buyer's window is open
This is as much negotiating room as buyers have had in years. Sellers are realistic. Multiple-offer situations are no longer the norm. If you've been waiting for conditions to improve before making a move, the conditions are here — the question is whether you're ready to act on them.
If you want to talk through your situation — whether you're buying, selling, or trying to time a move — get in touch. Happy to walk through the numbers with you.
