What did the GTA real estate makret look like this past August?
Starting with the total number of residential transactions, the GTA had 5,211 transactions, a 2.3% increase over August 2024 when 5,092 sales were reported. Seasonally adjusted, there was 1 .8% decrease in residential transactions 5,633 in August compared to 5,735 in July of this year.
Looking at average selling price next, the average price in the GTA was $1,022,143, a 5.2% decrease from the August 2024 average of $1,077,742. Seasonally adjusted, the drifference in average selling price was only a 0.3% drop. $1,064,182 in August comapred to $1,067,677 in July of this year.
We can also take a look at days on market to get an idea of how long it is taking for properties to sell. This past August the GTA average was 49 days on market , an 11.4% increase over the 44 average in August of 2024.
Fianlly, we can look at the Home Price Index reported by the Toronto Regional Real Estate Board (TRREB) below.
Source: Toronto Regional Real Estate Board (TRREB)
After holding rates in July There was no Bank of Canada announcement made in August, with the next announcement set for September 17, 2025. From there they will make two more announcements on Wednesday, October 29, 2025 and Wednesday, December 10, 2025
Here at Jump Realty our agents will give you honest advice on what course of action is best for you in their professional opinion and will always put taking care of your best interests first! With offices in Windsor, Tecumseh, Kingsville, LaSalle, Harrow, and Chatham, no matter where you are, a Jump agent is ready to help. Please contact us for any housing needs and let us give you a better real estate experience!
Stats and graph courtesy Toronto Regional Real Estate Board; https://trreb.ca/quick-market-overview/
