Toronto’s Real Estate Market Sees Rise in Sales Amid Price Decline
In September, Toronto’s real estate market witnessed an uptick in sales, marking a positive trend as prices continued to show a decline.
According to the Toronto Regional Real Estate Board, a total of 5,592 homes were sold in the month, reflecting an 8.5% increase compared to the same period last year. On a seasonally adjusted basis, sales were up by two percent from August.
While the average selling price dropped by 4.7% year-over-year to $1,059,377, the composite benchmark price also saw a decrease of 5.5% in September. Despite this, there was a slight uptick of 0.2% in the average selling price compared to August.
New listings in September totaled 19,260, showing a four percent increase from the previous year. However, there was a slight decline of 3.3%, seasonally adjusted, compared to August.
The Toronto Real Estate Board suggests that the recent interest rate cuts by the Bank of Canada could potentially boost sales in the coming months.
Source: The Canadian Press, October 3, 2025