Greater Toronto Area Market Balances Higher Listings with Sales Growth

The Greater Toronto Area housing market showed renewed strength in September, as buyers appeared more motivated to re-engage. Elevated inventory levels and moderating price trends created favourable conditions that supported demand across all major property types. Average home values rose 3.6 per cent month over month, bringing the region’s average sales price to $1,059,377. Inventory closed the month with 29,394 active listings, which is 72 per cent above the ten ear historical average. After several months of uneven sales activity, September delivered gains on both a monthly and yearly basis, with sales up 7.3 per cent compared with August and 12 per cent compared with September 2024.

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