Real Estate Market September 2025

09 Oct Real Estate Market September 2025

Your September 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

“September home sales increased in the Greater Toronto Area (GTA) compared to a year earlier, as more homebuyers sought to take advantage of more affordable monthly mortgage payments. Buyers continued to respond to substantial choice in the marketplace by negotiating the average selling price downward. “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.

GTA REALTORS® reported 5,592 home sales through TRREB’s MLS® System in September 2025 – up by 8.5% compared to September 2024. New listings entered into the MLS® System amounted to 19,260 – up by 4% year-over-year. On a seasonally adjusted basis, September home sales were up month-over-month compared to August 2025. In contrast, new listings were down compared to August, suggesting that market conditions may have tightened slightly in some segments.

The MLS® Home Price Index (MLS® HPI) Composite benchmark was down by 5.5% year-over-year in September 2025. The average selling price, at $1,059,377, was also down by 4.7% compared to September 2024. On a month-over-month seasonally adjusted basis, the MLS® HPI Composite dipped by 0.5% compared to August. The average selling price remained largely flat compared to August, edging up by 0.2%.”

Over in Hamilton/Burlington – “773 homes were sold across Hamilton, Burlington, Haldimand County, and Niagara North through the Multiple Listing Service® (MLS®) System of the Cornerstone Association of REALTORS® (Cornerstone). This marks the third consecutive month with improved sales activity compared to the levels reported last year, however the sales recorded in September are 27% below long-term trends, and on a year-to-date basis, they are still nearly 10% lower than last year and 33% below the 10-year average.

“September has brought some positive shifts in sales activity, but overall numbers still lag behind historical trends,” says Nicolas von Bredow, Cornerstone spokesperson for the Hamilton-Burlington market area. “While the increase in new listings and inventory is beneficial for buyers, it has created a substantial supply that is affecting pricing in some areas. Benchmark prices for the Hamilton-Burlington area are down over 9% from last year. However, many communities and neighbourhoods are performing better than the overall average. This highlights the importance of working with a local REALTOR® to navigate the local market effectively.”

The number of new listings surged this month. With 2,188 new listings and 773 sales, the sales-to-new listings ratio dropped to 35%, causing further gains in inventory levels, which pushed the months of supply up to five months. 

In September, the unadjusted benchmark price was $753,300, relatively similar to last month, but still over 9% lower than last year.”

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 September 2025 : Toronto Regional Real Estate Board and Cornerstone Association of REALTORS®