Welcome to the Fall Toronto Real Estate Market! The market is as hot a topic as ever, especially after a busy summer. Yes, the market was a busy one for me, and plenty of clients are on the go.
With routines settling back into line, I’m already seeing a resurgence of clients, both on the buying and selling side.
The August real estate numbers are in, and I’m sure you’ve seen the headlines – everything from the market is crashing to now is the time to buy and sell!
I’m here to bring a bit of clarity to what’s really going on. Let’s jump in and take a look, because there is one major number that has some deeper meaning to it within the detached homes segment, which is causing the majority of misleading headlines.
Here’s what I’m seeing in the market right now:
- The average price of a detached home in Toronto is NOT down by 10% year-over-year. I cover this in more detail below, and it is completely related to the luxury market. I always say this, and I stand by it – we need a separate category for listings that trade over $4 Million. Take a look below.
- A fact that all sellers need to realize – buyers will not be rushed. We can see this with the average days on the market across all segments in Toronto being 30 days. Remember when this number was in the single digits? Sellers need to set their expectations to this new norm. I can’t see this changing much over the next year or so, at least.
- Rate cut announcements no longer influence buyers. Buyers know cuts are coming, but what’s a .25% cut anyway? Does that really sway a buyer? Not anymore. Buyers are not holding back on offers due to rate cuts. Think about it this way – waiting on a .25% drop is equivalent to $14.47 for every 100k.
- The media is doing a tremendous job of scaring the living sh*t out of everyone. Bravo. When I say I’m a Real Estate Broker, even to strangers I meet at Cherry’s over a pint, I get a terrified look followed by questions about the market. And unfortunately, the majority of people have it wrong, simply from reading (and believing) the headlines.
- Dare I be the one broker to call our current market stable? I will, and I am. Remember back when the market was “on fire”, we saw the flipside of the coin. Buyers complaining about competition, listings being bought sight unseen, pressure to make an offer without conditions, overpaying for homes and condos just because.
We’re now in a balanced market – buyers have time to look without pressure, pricing is down so things are more affordable, days on the market are long, allowing buyers to see what’s out there, there is little competition to add to the pressure, and rates are coming down. Giddy up.
Toronto Market Stats – August 2025
Detached Homes in Toronto
New Listings are up 17.4% year-over-year
Quantity Sold is flat at 143 year-over-year
Pricing is down 10% year-over-year (INCORRECT – see below)
Days On the Market is up to 32 days from 31 days year-over-year
Trends in the Toronto Detached Homes Market:
- The average price of a detached house in August 2024, when you back out homes that sold for over $4 Million, was $1,943,315.00
- In August 2025, the average price of a detached home after backing out transactions over $4 Million was $1,933,361.00
- This shows a drop of $9,954.00, or 0.51% not 10%
- Whenever there is a shocking number like this with headlines to follow, always look for what’s driving that so-called panic. The majority of detached homes in Toronto are under the $4 Million price tag. Don’t fret and don’t get caught in the media machine that’s made to cause panic.
- The detached homes segment is stable, and homes are selling. Buyers are very interested, especially as we get into the busy fall market.
Semi-Detached & Row Homes in Toronto
New Listings are up 1.8% year-over-year
Quantity Sold is up 13.5% year-over-year
Pricing is down 3% year-over-year
Days On the Market is unchanged at 20 days year-over-year
Trends in the Semi-Detached & Row Homes Market:
- As of today, there is currently 3.5 months of inventory in this market segment. This indicates a truly balanced market.
- There is plenty of inventory to look at, which means little pressure to buy in a hurry, but not too much inventory that it overwhelms.
- Days on the market is unchanged at 20, reinforcing the fact that buyers will not be rushed. And yes, they are active and buying, as the Quantity Sold is up 13.5%.
Toronto Condos
New Listings are up 6% year-over-year
Quantity Sold is up 3.6% year-over-year
Pricing is down 0.4% year-over-year
Days On the Market is up to 38 days from 26 days year-over-year
Trends in the Toronto Condo Market:
- First, let’s note that August tends to be a busy time for the Toronto condo market as students prepare for the start of the school year. My listing at 232 St. George Street #15, adjacent to the University of Toronto, sold mid-month for just that reason.
- Currently, there are 676 condos for sale in Toronto proper listed under $500,000. And 753 condos for sale between $500k and $600k (with nearly half including parking).
This shows the opportunity for first-time buyers, who have been the majority of my buyer clients this year. The time is now, and it should not be ignored.
- The one area of the condo market that’s seeing HUGE success is the large suite listings. Downsizers are eating them up – especially the beautiful ones. We’ve had several buyers who are downsizing get into some pretty incredible condos – anywhere from Yorkville to the waterfront.
Working with TRB
Now, besides crunching all of these numbers for my clients, you may or may not know (but hopefully you do) that I help many clients buy and sell real estate daily. I am the Founder and Lead Broker of Toronto Realty Boutique, and I specialize in listing homes and condos, representing buyers of all budgets. I also do a lot of work in the Toronto pre-construction market.
You can check out some of my featured listings that are currently active here:
Toronto Realty Boutique Listings – Homes & Condos for Sale
If you’re thinking about buying, selling, or investing and want to discuss strategies, pricing, timing, or anything else, simply complete my form on this page so I can get in touch right away. I’d be happy to answer any questions about the August 2025 Toronto real estate numbers you have or about the Toronto market in general.
~Romey Halabi
Founder & Lead Broker, Toronto Realty Boutique
416-999-1240
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