The September Toronto real estate numbers are in, so it’s time to dive into what they really mean, and not just what the clickbait headlines say. There is so much more to know, and I’m here to bring a bit of clarity to what’s really going on.

Here’s what I’m seeing in the market right now:

• The big trend I’m seeing in the September numbers is that the number of transactions in every segment (condos, semis & detached) was UP!
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• An interesting detail to note – the majority of sales in September happened after the rate cut on September 17th. The last two weeks of the month were very busy for buyers.
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• I don’t think it was necessarily the 0.25% cut that drove sales. It was an indication that confidence in the market is returning, and the promise of future cuts coming that may have motivated buyers to get out there before things turn somewhat competitive.
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• Days on the market are still higher than most are accustomed to, but buyers are buying. The proof is in the number of transactions up across the board. When I looked at the mid-month stats for October, this trend looks like it’s going to continue.
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• The two most active segments in the market – condos and semis/rowhomes – both show inventory being absorbed at a much faster pace, with quantity sold outpacing new listings by 7% to 8%. As this trend continues, we’ll start to slowly dip out of the current buyer’s market and enter a more balanced market.
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• A note about Pre-Construction condos, as I do quite a bit of work in this market segment, and questions about project cancellations are coming to me daily. I wrote a detailed blog post about what happens when a pre-construction project gets cancelled, which you can read here:

Toronto Market Stats – September 2025

Toronto Condos

New Listings are down 5.8% year-over-year
​Quantity Sold is up 14.7% year-over-year
​Pricing is down 3% year-over-year
​Days On the Market is up to 35 days from 33 days year-over-year

Trends in the Toronto Condo Market

• Current inventory levels are sitting at 6.8 months, which means we’re firmly sitting in a buyer’s market for condos.
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• If the quantity sold continues to outpace new listings as it has this month, we’ll see a shift in the condo segment in mid-2026.
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• Buyers are firmly sitting in the driver’s seat within the condo segment, but if I’m honest, now is the time to be looking. Inventory levels are great, pricing is down, and there are many incredible condos to consider.
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• For sellers, this is not the time to cut corners when it comes to listing your condo. Fresh paint, staging and a solid marketing plan are a must. Work with a Broker who knows how to make your condo stand out among the competition because the outstanding condos are going – dare I say it – quickly.

Semi-Detached & Row Homes

New Listings are up 8.8% year-over-year
​Quantity Sold is up 15.7% year-over-year
​Pricing is down 7% year-over-year
​Days On the Market is up to 20 days from 16 days year-over-year

Trends in the Semi-Detached & Row Home Market

• With only 3 months of inventory available in the market, we’re firmly in a balanced market within this segment. Interestingly, we’re not hearing much about this, but again, the semi segment acts and reacts quickly to changing conditions.
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• If the current trend of quantity sold outpaces new listings, we’ll be quickly sliding out of the balanced market and, dare I say it, into a seller’s market come Spring 2026. This is one I’m keeping a close eye on.
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• Buyers in this segment really need to pay attention to these key numbers, and if they want to get into the market, it’s now, not in the spring. I have a feeling we’re going to see a very different landscape when it comes to semis and rowhomes in early 2026.

Detached Homes in Toronto

New Listings are up 11.8% year-over-year
​Quantity Sold is up 6.3% year-over-year
​Pricing is up 3% year-over-year
​Days On the Market is down to 17 days from 21 days year-over-year

Trends in the Detached Homes Market

• Currently, we’re seeing 4.5 months of inventory in the detached homes segment. It’s considered a balanced market, and all indicators show that it’s steady and performing well. New listings are up. Quantity sold is up. Pricing is up. Days on the market are down.
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• With such a high average price for a detached home in Toronto, a balanced market is exactly where we want things to be. Buyers have plenty of options to choose from, and sellers know the value their home is worth.
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• Seasonality comes into play in this segment more than any other segment, so as a buyer, it’s something to watch. If timing isn’t a major factor for my detached buyer clients, I advise looking during the off-months. December and August are some of the best times to buy a detached home. Sellers are serious and motivated if they’re listed during these times, and offers will be seriously considered.

Working with Toronto Realty Boutique

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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