July Market Watch: GTA Prices Drop, Buyer Activity Surges

Detached Home Prices Fall, Sales Rise 11%

Home sales in the Greater Toronto Area (GTA) reached 6,213 in July 2025, up 11% year-over-year. This marks the busiest July since 2021.

Buyers are returning. Interest rates are easing. Inventory is climbing.

Yet prices are falling.

The average selling price in July sat at $1,095,800, down 5.5% from July 2024. Detached homes, now averaging $1,573,300, saw modest year-over-year declines. Condos faced the largest drop, falling 10.3% to an average of $705,400.

More listings are hitting the market. New listings rose 5.7%, giving buyers more choice.

This is the window many have been waiting for.

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Lower Mortgage Rates Improve Affordability

The Bank of Canada has now trimmed its key interest rate to 2.8%. Prime sits at 5%.

That shift makes borrowing less expensive. For many buyers, it means qualifying for more home or achieving lower monthly payments.

Agents are seeing renewed interest from first-time buyers and those who had paused searches earlier in the year.

Homeowners thinking about selling before fall will find motivated buyers already in the market.

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July Market Watch: Is This the Right Time to Buy?

Yes, if you value timing.

• Prices have corrected.

• Rates are softening.

• Inventory is growing.

These three conditions rarely align. For buyers, this balance creates negotiation power. For sellers, listings still move—when priced appropriately.

If you’ve been waiting to relocate within or to the GTA, this July Market Watch signals momentum.

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Why Relocate to the Greater Toronto Area?

Toronto and its surrounding communities offer a unique mix of opportunity, culture, and lifestyle. Here’s why thousands move here every year.

1. Strong Job Market

Toronto is Canada’s financial and tech capital. It ranks in the top 10 North American cities for tech talent, according to CBRE’s 2024 report.

Major employers continue to invest. The city remains a magnet for skilled professionals.

2. World-Class Education

The GTA is home to University of Toronto, York University, and Ryerson University, along with top-ranked public and private schools. See school ratings at Fraser Institute.

This makes the region ideal for families.

3. Neighborhood Diversity and Walkability

From Leslieville to Roncesvalles, Oakville to Aurora, every area offers a distinct feel. You can choose quiet suburbs, walkable urban streets, or live-work midtown communities.

Browse local neighborhood guides at Toronto Life.

4. Transit and Access

With GO Transit, TTC, and expanding LRT lines, access to downtown and surrounding areas continues to improve. This supports remote workers and daily commuters alike.

5. Quality of Life

Toronto consistently ranks among the most livable cities in the world, according to The Economist Intelligence Unit.

Parks, trails, restaurants, and arts venues keep lifestyle at the center.

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Who’s Active in the Market Right Now?

• First-time buyers entering before rates rise again

• Investors seeking condo deals

• Sellers repositioning before fall

• Upsizers using price gaps between segments

If you’re selling, this is the moment to be sharp with price, prep, and marketing.

If you’re buying, it’s time to narrow your search and get pre-approved.

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See the July Market Watch Video Report

We’ve produced a full visual breakdown of July market watch stats and insights at LifestyleVideos.com.

Watch the video short film, walk through price shifts, and hear what’s happening in real time across Toronto.

See inside this moment.

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Ready to Make a Move?

Relocating to or within the GTA requires smart planning and local knowledge.

Visit LifestyleVideos.com to connect with experienced real estate professionals who understand your unique needs. Watch our exclusive feature video showcasing innovative multigenerational living solutions across Toronto and surrounding areas.