A market update for first-time buyersIs now a good time to buy a condo in the GTA?A look at where prices actually stand, years after the peak — and what that means if you're trying to buy your
Dated: September 5 2025
Views: 467
The Greater Toronto Area (GTA) housing market continues to shift, and the August 2025 TRREB Market Watch highlights how buyers and sellers are adjusting to new conditions. With average prices easing slightly in many categories and supply levels shifting, it’s important to understand what these changes mean for you.
Whether you’re a first-time buyer, a current homeowner, or an investor, here’s a breakdown of the latest numbers and insights.
In August 2025, the GTA real estate market recorded:
Average Price: $1,022,143
New Listings: 14,038
Sales: 5,211
📌 According to the Toronto Regional Real Estate Board’s Market Watch, prices remain just above the $1M mark. New listings are up, giving buyers more choice, while sales activity shows resilience across the region.
| Property Type | Average Price | New Listings | Sales |
|---|---|---|---|
| Detached | $1,312,240 | 6,418 | 2,411 |
| Semi-Detached | $980,102 | 945 | 441 |
| Townhouse (Att/Row) | $946,395 | 1,240 | 541 |
| Condo Apartment | $642,195 | 4,159 | 1,369 |
| Condo Townhouse | $739,341 | 1,108 | 386 |
Detached Homes: Prices are softer, but sales increased, showing strong buyer interest as more listings came online.
Semi-Detached Homes: A modest drop in price paired with steady sales activity keeps this category balanced.
Townhouses: Prices climbed, but sales slowed significantly — affordability challenges are weighing on this segment.
Condo Apartments: Both prices and sales dipped, reflecting cautious buyer activity.
Condo Townhouses: Stable with only slight declines, making this one of the more balanced property types this month.
These shifts align with broader affordability pressures tied to interest rates. The Bank of Canada’s key interest rate remains a driving factor in buyer decision-making, particularly for entry-level homes and condos. Meanwhile, Statistics Canada housing data continues to show that supply and demand imbalances are shaping price movements across Ontario.
The August 2025 GTA market shows a mix of opportunity and caution. Buyers are finding more choice with increased listings, while sellers need to price strategically in a competitive environment. Detached homes are seeing renewed activity, while condos remain softer, underscoring the importance of working with an experienced Realtor® to navigate today’s market.
📞 Ready to understand how these numbers affect your next move? Let’s connect and build a plan tailored to your goals.
🏡 Gagan Gill – Realtor® | Royal Canadian Realty
Helping first-time buyers, homeowners, and investors achieve success across the GTA.
📞 647-527-9635 | 💻 Gagangillrealestate.com
📲 Instagram: @Gagan.RCR

I’m Gagan Gill, a Realtor® with Royal Canadian Realty, helping first-time home buyers, move-up families, and sellers make confident real estate decisions across the Greater Toronto Area&mdas....
A market update for first-time buyersIs now a good time to buy a condo in the GTA?A look at where prices actually stand, years after the peak — and what that means if you're trying to buy your
GTA Market Report · Vol. 08 / 2026GTA Real Estate Market Watch, August 2026 — Supply Tightens Further Across York Region & TorontoBy Gagan Gill, REALTOR® with Royal Canadian
GTA Rate WatchBank of Canada Holds Rates Again: What Wednesday's Announcement Means for GTA Homeowners and BuyersSeptember 2, 2026 | 6 min read | Gagan Gill, REALTOR®The
GTA Home Maintenance GuideBack-to-School Home Maintenance Checklist for GTA Homeowners & First-Time BuyersSeptember isn't just the start of the school year — it's the start of your home's