July Toronto Real Estate Market Stats: Hot Days, Cool Drinks, & Sellers Who Didn’t Take the Summer Off
Let’s be honest — in Toronto, July isn’t usually about real estate. It’s about patios, cottage invites, street festivals, open dome Jays games, and dodging heat stroke. But while most buyers were out living their best summer lives, sellers quietly kept things moving — and the numbers prove it.
July 2025 delivered the best home sales performance for this month since 2021, with 6,100 transactions recorded across the GTA — up 10.9% from last year. That’s not just a bounce, that’s a modest momentum shift. And with prices down year-over-year and borrowing costs easing, affordability is finally back on the table for more households. In fact, this might be the first time in a long time buyers and sellers are finding themselves in the same room — just at slightly different cocktail hours.
Inventory is still high (30,215 active listings, up 26.2%), but it’s no longer ballooning. The GTA now sits at 4.95 months of inventory, a figure flirting with seller-friendly territory. New listings are still coming, but at a slower pace than earlier this year — a sign that conditions may be tightening quietly beneath the surface.
Condo sales also inched up, with 1,576 units sold — a 6.3% increase over last July. But prices are down 9.4% year-over-year, in part due to the surge of new-build completions hitting the market. This makes it a highly nuanced moment: good news for buyers seeking value, and a wake-up call for investors expecting last decade’s returns.
All of this is happening while the Canadian economy “treads water,” as TRREB’s Jason Mercer put it. Trade tension with the U.S. continues to cast a shadow, but real estate — with its big spend ripple effects — is poised to support economic activity if further rate cuts materialize. In other words: the market isn’t red-hot, but it’s not melting down either. It’s just summer. And for the first time in a while, that feels like a good thing.
Let’s break it down, region by region. Spoiler: some areas are still cooling… others are heating up.
📊 GTA-Wide Snapshot:Sales Up, Inventory Steady, Market Tightening
The GTA just delivered its strongest July sales since 2021, with 6,100 homes sold — up 10.9% year-over-year. Active listings continue to grow, but not as aggressively as earlier in the year, suggesting a subtle tightening of market conditions. With 4.95 months of inventory, the region is teetering on the edge of a seller’s market — and while prices are still down, demand is showing signs of life.
Average Price: $1,051,719 ↓ 5.5% YoY
Total Sales: 6,100 ↑ 10.9%
Active Listings: 30,215 ↑ 26.2%
Months of Inventory: 4.95
Average Days on Market (YTD): 27 ↑ 22.7%
YTD Average Price: $1,088,166 ↓ 3.5%
YTD Sales: 37,025 ↓ 11.7%
Condo Corner:
Condo Sales: 1,576 ↑ 6.3%
Condo Average Price: $651,483 ↓ 9.4%
What this means: Buyers aren’t stampeding, but they’re waking up — especially as affordability improves. Prices are down, but demand is up, and inventory growth is slowing. It’s not a full swing back to a seller’s market yet, but it’s leaning that way. Expect more competition this fall, especially in value-driven product like condos and townhomes.
Toronto: Back in Action… Cautiously
Toronto saw a 11% jump in home sales compared to last July, with nearly 2,205 homes sold and inventory up a more modest 16%. The city’s average price dipped 3.9% year-over-year, but condos are feeling the chill more than freeholds, with an 8.6% price drop. Still, buyers are returning — just not in a rush.
Average Price: $1,044,576 ↓ 3.9%
Total Sales: 2,205 ↑ 11.0%
Active Listings: 10,933 ↑ 16.0%
Months of Inventory: 4.96
Days on Market (YTD): 28 ↑ 21.7%
Condo Corner:
Condo Sales: 1,028 ↑ 3.4%
Condo Avg Price: $684,257 ↓ 8.6%
What this means: Buyers are back in the market — but they’re pickier, slower, and price-conscious. Sellers in the city need to be sharp with strategy and pricing, especially in the condo segment where competition remains fierce.Mississauga: Buyers Calling the Shots
Mississauga: A Quiet Surge for Condos
Mississauga posted 14.4% more sales than last July, with total activity nearing 550 units. Inventory rose 32%, which helped keep price growth in check — down 4.5% year-over-year. The condo market is sneaking back to life, with a 3.4% increase in sales despite a sizable price drop.
Average Price: $995,599 ↓ 4.5%
Total Sales: 548 ↑ 14.4%
Active Listings: 2,809 ↑ 32.4%
Months of Inventory: 5.13
Days on Market (YTD): 29 ↑ 26.1%
Condo Corner:
Condo Sales: 154 ↑ 3.4%
Condo Avg Price: $546,721 ↓ 13.5%
What this means: Condo buyers are tiptoeing back into the Mississauga market — likely drawn by sharp price corrections. For sellers, standing out is key. For buyers, this is a sweet spot for long-term value plays.
Oakville: Luxury Still Lingers, But Condos Are the Stars
Sales in Oakville jumped 22.8% compared to last July, despite a significant 9.4% price drop. Inventory is up 37%, keeping pressure on sellers — especially in the detached space. Meanwhile, condo sales rose 22.2%, and remain one of the few bright spots in this high-end market.
Average Price: $1,338,263 ↓ 9.4%
Total Sales: 226 ↑ 22.8%
Active Listings: 1,330 ↑ 37.0%
Months of Inventory: 5.88
Days on Market (YTD): 30 ↑ 30.4%
Condo Corner:
Condo Sales: 44 ↑ 22.2%
Condo Avg Price: $652,976 ↓ 24.3%
What this means: There’s opportunity in Oakville — but only for buyers with patience and sharp strategy. Condos remain the most accessible path in, and sellers in the detached space need to lead with realism, not nostalgia.
York Region: Cooling Prices, Climbing Confidence
Sales in York Region rose 12.1%, showing renewed interest across the suburbs. But with prices down 5.4% and inventory up 34.2%, buyers still hold the cards. That said, condo sales jumped nearly 15%, suggesting budget-focused demand is back.
Average Price: $1,234,564 ↓ 5.4%
Total Sales: 1,049 ↑ 12.1%
Active Listings: 5,874 ↑ 34.2%
Months of Inventory: 5.60
Days on Market (YTD): 28 ↑ 21.7%
Condo Corner:
Condo Sales: 194 ↑ 14.8%
Condo Avg Price: $653,305 ↓ 6.2%
What this means: Buyers are moving again — cautiously. York is full of options, and the pressure is on sellers to make their listings stand out. Price growth may be stalled, but demand is quietly building under the surface.York Region: Confidence Fades as Inventory Rises
York saw the biggest year-over-year dip in both price and sales. Buyers are staying cautious, while listings continue to pile up. But despite the slowdown, condo sales actually rose — signaling where affordability seekers may be shifting.
Average Price: $1,241,758 ↓ 6.1%
Total Sales: 1,061 ↓ 21.6%
Active Listings: 5,958 ↑ 40.1%
Days on Market: 28
Condo Average Price: $661,948 ↓ 6.3%
Condo Sales: 208 ↑ 7.8%
What this means: This is one of the softest markets in the GTA—buyers feel the leverage, but some are choosing the condo segment for affordability and flexibility.
Durham Region: Fast-Moving, Value-Driven
Durham’s sales rose 9.4%, and it remains the GTA’s most affordable and fast-moving region. Inventory is lower than other areas, and days on market stayed tight. Prices are down just 3.3%, signaling relative stability.
Average Price: $885,259 ↓ 3.3%
Total Sales: 852 ↑ 9.4%
Active Listings: 2,813 ↑ 23.3%
Months of Inventory: 3.30
Days on Market (YTD): 21 ↑ 16.7%
Condo Corner:
Condo Sales: 58 ↑ 5.5%
Condo Avg Price: $498,888 ↓ 3.5%
What this means: Durham continues to offer the best blend of affordability and movement. For buyers: act fast. For sellers: enjoy the pace — but don’t overprice.
Brampton: A Price Reset in Motion
With 438 home sales in July (↑ 12.3%), Brampton’s activity is rebounding. But prices tell another story — the average home price dropped 10%, and condos are down 6%. Inventory soared nearly 42%, landing Brampton firmly in buyer-friendly territory.
Average Price: $909,448 ↓ 10.0%
Total Sales: 438 ↑ 12.3%
Active Listings: 2,617 ↑ 41.8%
Months of Inventory: 5.97
Days on Market (YTD): 27 ↑ 28.6%
Condo Corner:
Condo Sales: 27 ↑ 3.8%
Condo Avg Price: $490,500 ↓ 6.0%
What this means: Sellers are adjusting to today’s pricing reality — and that’s exactly what’s reigniting buyer interest. Brampton is now one of the GTA’s most negotiable markets, and savvy buyers are taking advantage.
What This Means for Buyers and Sellers?
This July was all about vibes, vacation, and visible “For Sale” signs — but make no mistake: the market is moving, and momentum is quietly building behind the scenes.
📉 For buyers: You’ve got more choice than you’ve had in years — especially in the condo market. And while prices are still softer, the days of zero competition are behind us. Use this summer stretch to shop smart and negotiate hard. Your future self (and equity gains) will thank you.
📈 For sellers: Don’t let the slower summer energy fool you — sales volume is up, competition is thinning, and homes that show well and are priced right are still moving. The window is open to list while inventory is still under five months and rates are stable. If you’re holding off until fall, now is the time to prepare.
📲 Ready to make a move — or just want a plan in your back pocket?
Whether you're planning to list, buy, or just stay informed — the market isn't sleeping, even if it’s wearing sunscreen.
If you're curious how today's data affects your personal game plan, let's chat.
