By Phinney Real Estate | Expect Extraordinary!
The Greater Toronto Area (GTA) real estate market showed renewed strength in July. In fact, the GTA experienced the best home sales results for the month of July since 2021. Sales were also up relative to listings, suggesting a modest increase in the market compared to last year.
Improved affordability brought on by lower home prices & borrowing costs is starting to increase home sales.
This article explores the current market trends, key statistics, and expert insights to help you navigate the evolving luxury real estate landscape
Key Stats at a Glance
| Metric | July 2025 | YoY Change | MoM Change |
| Total Sales | 6,100 homes (Largest volume in 4 years) | +10.9% | +13% |
| Average Price | $1,051,719 | -5.5% | -0.2% |
| Active Listings | 30,215 | +10.9% | – |
| New Listings | 17,613 | +5.7% | +2.5% |
By Property Type (July 2025)
- Detached Homes: With 2,795 sales and an average price of $1,361,660, detached homes continue to command the market. A broad segment that spans entry-level to luxury estate properties. They appeal to buyers seeking more space, privacy, and land.
- Semi-Detached Homes: With 596 sales at an average price of $1,041,359, semi-detached homes can present a more affordable option for families. Semis can offer a path to more space and entry into established neighbourhoods at slightly lower price points.
- Townhomes: With 1,047 sales at an average price of $849,380, townhomes continue to be an attractive option for those seeking an accessible price point. Their appeal is heightened by strong demand from both downsizers and growing families in desirable suburban locales.
- Condominiums: With 1,576 sales and an average price of $651,483, the condo segment remains under pressure but it looks like sales are beginning to pick up steam. Longer days on market, selective buyers, and leaner investor participation currently define the segment. Sellers should expect longer marketing windows and price to current comparables. With a current easing of prices it may be a good time for investors to revisit condominiums as an investment. Some prices have come down to pre-covid levels.
Market Insights
1. Inventory Levels
July closed with 30,215 active listings, a modest pullback from June. That said, current inventory levels continue to provide buyers with more choices and the leverage to negotiate effectively.
2. Detached Homes Seeing Price Stabilization
Despite a slight decline in average prices, detached homes remain the cornerstone of Toronto real estate. With 2,795 sales in July, these homes continue to offer long-term value and represent a sound investment.
3. Interest Rates and Buyer Confidence
The Bank of Canada has maintained its 2.75% interest rate, providing stability and predictability in mortgage planning. This consistency is boosting buyer confidence and comfort when planning a purchase.
Market Breakdown by Region
Toronto
Condo Apartments — 1,028 sales | $684,257 avg. Trading is cautious. Buyers are selective, DOM is longer, and prices continue to adjust where inventory is high.
Detached — 675 sales | $1,572,382 avg. Performance varies by geography and school zone. Well-located, updated homes continue to find buyers.
Mississauga (Peel Region)
In Mississauga, 548 homes were sold at an average price of $995,599. Of course, executive neighbourhoods like Lorne Park, Mineola, and Rattray Marsh continue to be highly sought after for their exclusive ambiance and proximity to top-tier schools and amenities. Alternatively, pockets like East Credit, Streetsville, Meadowvale village offer more affordable yet beautiful entry points for families looking to buy in Mississauga.
Oakville (Halton Region)
Oakville remains a premium market with 226 homes sold at an average price of $1,338,263. Southeast Oakville continues to be a luxury hub, drawing discerning buyers for its lakefront views, upscale shops, and prestigious schools. Homes are taking longer to sell, reflecting a more cautious market but also presenting opportunities for well-positioned properties.
Buyer Tips for Summer 2025
- Leverage Increased Inventory: With 30,215 active listings in the GTA, buyers now have access to a wide array of properties. The available inventory presents opportunities for those seeking the ultimate in luxury living. Whether you’re exploring prestigious downtown condos or expansive homes in suburban enclaves, choices are abundant in areas like Oakville and Mississauga, where demand for luxury homes is steadily increasing.
- Secure Pre-Approval Early: In today’s competitive luxury market, securing pre-approval provides you with the confidence and flexibility to act fast when you find your ideal home. This proactive approach ensures that when you discover an extraordinary property, whether it’s a waterfront estate in Oakville or a penthouse suite in downtown Toronto, you are ready to move swiftly.
- Watch for Price Reductions: As the market continues to evolve, savvy buyers can take advantage of reduced pricing on homes that have been on the market longer. Properties in exclusive neighbourhoods like Southeast Oakville and Rattray Marsh may offer hidden gems at competitive prices. These price adjustments present luxury opportunities for those ready to invest in high-demand areas.
Seller Tips for Summer 2025
- Price to Match the Market: In today’s luxury real estate market, pricing your home appropriately is critical. Overpricing can result in prolonged market exposure, which diminishes interest. Homes priced accurately in exclusive neighbourhoods like Lorne Park and Old Oakville tend to attract well-informed purchasers quicker. Ensure that your home is positioned to stand out as a premium offering by aligning with the market’s current conditions.
- Present Your Home at Its Best: In the world of luxury real estate, first impressions are everything. Ensure your home is presented with luxury appeal, from professional photography/videography to curated walk-throughs that showcase the property’s most prestigious features. Phinney Real Estate can help you elevate your listing to its highest potential, capturing the attention of affluent buyers.
- Highlight Standout Features: Luxury buyers are looking for more than just square footage; they are seeking unique, high-end features that align with their lifestyle aspirations. Homes with renovated kitchens, spacious outdoor areas, and prime locations continue to attract the attention of affluent buyers who value both prestige and investment potential.
- List Now for Better Results: Listings in the summer are more likely to garner the interest of motivated buyers, especially as demand for luxury homes remains high. With 30,215 active listings in the market, it’s crucial to capitalize on the current window of opportunity.
3-Month Market Forecast (August–October 2025)
- Balanced Market Conditions: With 30,215 active listings across the GTA, buyers currently hold a rare advantage in today’s market. However, well-priced homes, particularly those located in premier neighbourhoods, will continue to attract discerning buyers in search of luxury properties. As RBC’s latest market update states, “Canada’s housing market is showing early signs of recovery, with home sales momentum building across several regions.” (Source: Canada Housing Market). Sellers who price their homes strategically and present them flawlessly will maintain a competitive edge.
- Sellers Will Adjust Expectations: As the market continues to evolve and prices moderate in certain segments, sellers should embrace flexible pricing strategies and personalized marketing to connect with buyers. Those who tailor their approach and align their pricing with market conditions will stand out in this dynamic environment.
- Interest Rate Cuts Could Boost Demand: If inflation continues to ease, analysts anticipate interest rate cuts by October 2025, which could revitalize buyer demand, particularly in the luxury market. These potential rate cuts may encourage high-net-worth buyers to lock in favourable financing terms, driving further interest in premium real estate. “We expect this gradual recovery to continue in the second half of 2025, setting the stage for stronger demand in 2026.” (Source: RBC)
How Phinney Real Estate Can Help You Navigate This Evolving Market
At Phinney Real Estate, we offer more than just market updates. We provide curated strategies to position your investment at the heart of the GTA’s luxury real estate market. With decades of expertise, we offer personalized guidance to help you make informed decisions in today’s dynamic market.
FAQs: July 2025 GTA Real Estate Market
What was the average home price in the GTA in July 2025?
The average home price was $1,051,719, down 5.5% from July 2024.
How many homes were sold in July 2025 in the GTA?
6,100 homes were sold across all GTA regions, a 10.9% increase year-over-year.
Which property type had the most sales in July?
Detached homes led with 2,795 sales, followed by condo apartments at 1,576 sales.
Is now a good time to buy a home in the GTA?
Given current conditions, the market offers favourable opportunities for buyers, with high inventory levels (30,215 active listings) and stable prices for various property types. Interest rates have held steady at 2.75%, providing predictability and helping buyers make informed decisions.
What areas in Mississauga are in demand?
Areas like Lorne Park, West Mineola, and Rattray Marsh are highly sought after for their top-rated schools and premium locations. These communities continue to be popular among families seeking both a high quality of life and convenient access to amenities.