Toronto Real Estate Market – July 2025

Real Estate Market Report | Toronto | July 2025

Supply Floods Back While Prices Trend Downward

With an uncertain economic future, homebuyers are looking to see what the final implications may be – the good news is that selling with Bōde mitigates that risk entirely by maximizing your equity, you’ll outperform traditional methods of buying and selling.  

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So what's happening in the Toronto real estate market as of July 2025?

Toronto’s housing market continues its downward recalibration. Sales dropped 15% from the five-year June average, while new listings jumped 10%, pushing inventory up 53% and months of supply up 66%. The benchmark price declined 1.98% month-over-month and is now down 3.50% year-over-year, sitting at $975,400 (HPI 293). Market sentiment remains cautious, with buyers showing restraint amid rising listings and affordability strain. This is a market shifting decisively in favour of well-informed buyers—and motivated sellers may need to adjust.

Toronto's Detached Homes

Toronto’s detached segment saw sales fall 5%, while new listings rose 16% and inventory ballooned 58%—driving a 61% increase in months of supply. Prices took a hit, with the benchmark dropping 4.54% month-over-month and 6.64% year-over-year, now sitting at $1,541,900 (HPI 325). This is the sharpest price erosion among major housing types. Sellers are increasingly under pressure to meet the market, as high borrowing costs and buyer hesitation weigh heavily. Expect continued price compression through the summer.

Toronto's Condominums

Condo sales are down 24%, while inventory climbed 49% and months of supply spiked 73%. Interestingly, prices rose 3.00% month-over-month, although they remain 4.18% below last year’s levels, with a benchmark price of $599,700 (HPI 291). This short-term uptick likely reflects a burst of seasonal activity or opportunistic buying, but overall conditions still favour buyers. With inventory continuing to rise and demand lagging, this lift may be short-lived without a broader sentiment shift.

Toronto's Attached Homes

Semi-detached properties are showing relative stability. While sales fell 5% and inventory rose 58%, the benchmark price dipped just 1.61% month-over-month and is nearly flat year-over-year at -0.35%, now sitting at $1,213,700 (HPI 353). Months of supply increased 56%, but not to the same degree as in other categories. This suggests more balanced conditions, with buyer interest persisting at key price points. As the most resilient segment, semis could become the bellwether for where Toronto’s pricing levels stabilize.

It’s critical to understand the dynamics in your local property market

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