Market report · September 2025
Toronto housing market: September 2025
The average sale price in the Greater Toronto Area in September 2025 was $1,059,377, down 4.3% year over year. 5,592 homes sold against 19,260 new listings — 4.6 months of supply, a buyer's market.
What happened in September 2025
Toronto recorded 5,592 sales in September 2025, 11.9% more than the same month a year earlier. Sellers brought 19,260 new listings to market, leaving 29,394 properties in inventory — 14.8% more than a year ago. At the month's pace of sales that is 4.6 months of supply, which puts Toronto in a buyer's market. 35% of the month's new listings sold.
The average sale price across all property types was $1,059,377, down 4.3% year over year and up 3.6% on the month. By property type, row / townhouse homes were the strongest year over year at -3.5%, and semi-detached the weakest at -6.9%.
This is the average sale price across the whole TRREB footprint, which runs from downtown Toronto condos to Halton and Durham freeholds. It moves with the mix of what sold as much as with prices themselves, so read it next to the by-property-type figures and the median rather than on its own.
The two years to September 2025
By property type
| Type | Average sale price | YoY | Sold | New listings | Inventory | Months of supply |
|---|---|---|---|---|---|---|
| Detached | $1,359,030 | -4.5% | 2,661 | 9,267 | 13,684 | 5.1 |
| Semi-detached | $1,015,543 | -6.9% | 506 | 1,373 | 1,659 | 3.3 |
| Row / townhouse | $947,928 | -3.5% | 517 | 1,693 | 2,224 | 4.3 |
| Apartment | $655,231 | -4.0% | 1,437 | 5,252 | 9,233 | 6.4 |
| All types | $1,059,377 | -4.3% | 5,592 | 19,260 | 29,394 | 4.6 |
Source: the Toronto Regional Real Estate Board, Toronto, September 2025.
What this means for your mortgage
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