Column Toronto Real Estate Brokerage Royal LePage RES Ltd/Johnston and Daniel Division Toronto REALTORS® Louise Dodd and Jason Dodd
Column Middle Toronto REALTOR® Louise Dodd Toronto REALTOR® Jason Dodd Toronto Real Estate Services Toronto Real Estate for Sale Previous Toronto Real Estate Sales Toronto Real Estate Information and Other Information

September Real Estate Market

Toronto Real Estate Board September MLS sale statistics:

  • GTA single family home sales including condominiums 5592.
  • Volume - up 8.5%, compared to September 2024 - 5155 sales.
  • Volume - up 7.6% sales compared to August 2025 - 5196 sales.
  • Average price of a GTA single family home - $1,077,602.
  • Down 0.038% from 2024's average price of - $1,120,259.

(The GTA is Burlington to Clarington, Lake Ontario to Lake Scugog)

“While home sales have improved over the past year, they still remain below normal levels relative to the number of households in the GTA. Two more 25-basis-point interest rate cuts by the Bank of Canada would see monthly mortgage payments move more in line with homebuyers’ average incomes, further spurring home sales and related economic activity,” said TRREB Chief Information Officer Jason Mercer.

We track MLS sales daily.

  • November 2016 to May 30th 2017, 90% of central district properties sold over asking price.
  • September 2025 20-50% of central district properties sold for over asking price daily. (Based on district.)

(Central districts cover the Lake to York Mills, and the Humber River to Victoria Park.)

The September residential resale market remains mixed and a buyer's market

  • Some properties remain unsold after months or even two years.
  • Some under priced or reasonably priced homes sold in "bidding wars".
  • According to a recent Royal LePage survey, 82% of first time buyers are planning to purchase in 12 to 24 months.
  • The GTA housing market showed renewed strength as buyers appeared more motivated to re-engage.
  • According to Phil Soper, Royal LePage CEO and president, ongoing economic uncertainty is propting buyers to hold off until there are signs of stability.

September Average Prices:

Detached 416 : $1,686,013 Detached 905: $1,247,895
Semi-detached 416 : $1,181,672 Semi-Detachec 905: $893,791
Townhouse 416 : $929,597 Townhouse 905: $837,748
Condo 416: $681,115 Condo 905: $606,275

Average GTA Prices 1987 to 2024

1987
$189,105
2006
$351,941
1988
$229,635
2007
$376,236
1989
$273,688
2008
$379,347
1990
$255,020
2009
$395,460
1991
$234,313
2010
$431,276
1992
$214,971
2011
$465,014
1993
$206,490
2012
$497,130
1994
$208,921
2013
$522,958
1995
$203,028
2014
$566,624
1996
$198,150
2015
$622,120
1997
$211,307
2016
$729,837
1998
$216,815
2017
$822,572
1999
$228,372
2018
$787,865
2000
$243,255
2019
$819,279
2001
$251,508
2020
$929,636
2002
$275,231
2021
$1,095,475
2003
$293,067
2022
$1,190,749
2004
$315,231
2023
$1,126,263
2005
$335,907
2024
$1,120,259
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