Real Estate Market July 2025

08 Aug Real Estate Market July 2025

Your July 2025 real estate market update is here! Covering Toronto, Oakville, Burlington, Hamilton and the surrounding areas.

Highlights of the real estate market from TREBB and RAHB

“The Greater Toronto Area (GTA) experienced the best home sales result for the month of July since 2021. Sales were also up relative to listings, suggesting a modest tightening in the market compared to last year.

“Improved affordability, brought about by lower home prices and borrowing costs, is starting to translate into increased home sales. More relief is required, particularly where borrowing costs are concerned, but it’s clear that a growing number of households are finding affordable options for homeownership,” said Toronto Regional Real Estate Board (TRREB) President Elechia Barry-Sproule.

GTA REALTORS® reported 6,100 home sales through TRREB’s MLS® System in July 2025 – up by 10.9% compared to July 2024. New listings entered into the MLS® System totalled 17,613 – up by 5.7% year-over-year. ?On a seasonally adjusted basis, July home sales increased month-over-month compared to June 2025. New listings also rose compared to June, but by a much lesser rate. With sales increasing relative to listings, market conditions tightened.

The MLS® Home Price Index Composite benchmark fell by 5.4% year-over-year in July 2025. The average selling price, at $1,051,719, was down by 5.5% compared to July 2024. On a month-over-month seasonally adjusted basis, the MLS® HPI Composite and average selling price remained flat compared to June. “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,” said TRREB Chief Information Officer Jason Mercer.”

Over in Hamilton/Burlington – “In July, there were 886 sales across Hamilton, Burlington, Haldimand County, and Niagara North. Sales were up over the previous month and were 5.5% higher than the same period last year, marking the first year-over-year increase since the end of 2024. Year-to-date, 5,408 units were sold, 16% lower than last year, and 36% below the 10-year average.

“Despite the increase in sales in July, the Hamilton-Burlington area is still experiencing lower overall sales for the year, leading to downward pressure on home sale prices,” says Nicolas von Bredow, Cornerstone spokesperson for the Hamilton-Burlington market area. “While the Bank of Canada maintained the policy rate in July, the uptick in sales during the same month is a hopeful signal of market recovery as buyers enter the market at lower home prices.”

The number of new listings also slowed in July, which led to a small rise in the sales-to-new listings ratio at 46%. The months of supply decreased slightly but remained elevated at 4.4 months. The unadjusted benchmark price in the region was $763,700, down from the previous month and over 9% lower than last July.”

Questions about buying or selling? Reach out anytime, I’d be happy to discuss the market with you!

All the latest home prices and statistics by property type and city below!

Sources for Real Estate Market Update for July 2025 : Toronto Regional Real Estate Board and Cornerstone Association of REALTORS®