Laura Spracklin - Real Estate Broker

Toronto Real Estate Market September 2025 📊
GTA overview: Sales rose 8.5% year over year. The average price was 1,059,377, down 4.7%. Homes took an average of 33 days to sell, which is 22% longer than last year.

In the 416, detached homes saw 675 sales, up 12.5%, with an average price of 1.69 million, down 0.8%. Semi-detached had 214 sales, up 17.6%, with an average price of 1.18 million, down 8.9%. Condos recorded 940 sales, up 7.4%, with an average price of 681,000, down 3.8%.

For buyers, more listings and a slower pace mean stronger negotiating power, but well-priced quality listings still move quickly. Lock in a rate hold now, as the next Bank of Canada announcement is later this month and any further easing could affect demand heading into winter.

For sellers, pricing strategically is key. Days on Market increased by 22% YoY to 33. Listings are taking longer to sell. Buyers are active but selective and benefit from more choice.

The Bank of Canada has already started easing this year, and the late October announcement will be closely watched for the next policy move.

The Bank of Canada has cut its key lending rate to 2.5%, marking the first reduction made since March 2025. For homeowners and buyers, this could mean lower borrowing costs on variable rate mortgages and lines of credit. This will now bring down the prime lending rate to 4.7% for most lenders. This is a positive step for buyers and market sentiment. The outlook for further cuts this year will depend on more economic indicators than inflation alone. The next scheduled date for the Bank of Canada to announce their overnight rate target is October 29th.

Exceptional custom built home offering over 4400 sf of living space, with soaring 10’ ceilings, open concept main floor, chef’s kitchen open to family room and a professionally landscaped backyard oasis with garage and private drive.
4 bedrooms, 3 with ensuite baths
5 baths
Wine cellar
Home gym

Just steps to Yonge and St Clair and abundant area amenities
MLS

DM for details

🎶 A look back at an amazing September night celebrating Noémie Raymond, Cello and Zhenni Li-Cohen, Piano, CD launch of their collaboration Dialogues! It was inspiring to witness these two extremely talented musicians bring their art to life.

What does all this mean for the market? 📉

The Bank of Canada’s rate cut gave some relief, but it is clear that more cuts are needed to boost sales due to affordability.

In the words of Jennifer Pearce, TRREB’s President, “The Bank of Canada’s rate cut last month provided some initial relief for homeowners and home buyers. However, the June sales result suggests that most home buyers will require multiple rate cuts before they move off the sidelines. This follows Ipsos polling for TRREB, which suggested that cumulative rate cuts of 100 basis points or more are required to boost home sales by any significant amount.”

🏠 Buyers have more choices and negotiation power with increased listings. 📈 Long-term demand remains strong due to population growth, despite short-term slowdowns.

Stay tuned for more updates and insights! 🏠✨