➕ The Numbers for August are in! ➕Toronto’s housing market saw a modest year-over-year uptick in sales this August, but buyers continued to benefit from a well-supplied market. Inventory rose at a much faster pace than sales, giving purchasers more negotiating power and keeping average selling prices in check.
With inflation easing and the economy slowing, households are watching closely for further interest rate cuts from the Bank of Canada. Lower borrowing costs could help offset the impact of recent tariffs, improving affordability and drawing more buyers off the sidelines.
In Toronto, the average selling price declined 3.6% year-over-year, reflecting the impact of increased choice across market segments.
For many households, affordability is still a hurdle—even with lower rates and softer prices. But growing inventory is opening the door for those who may have been priced out in past years. As conditions evolve, preparation, timing, and a sound strategy remain critical to navigating opportunities in today’s market.
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Data presented is for City of Toronto Only. Source: TRREB.
With inflation easing and the economy slowing, households are watching closely for further interest rate cuts from the Bank of Canada. Lower borrowing costs could help offset the impact of recent tariffs, improving affordability and drawing more buyers off the sidelines.
In Toronto, the average selling price declined 3.6% year-over-year, reflecting the impact of increased choice across market segments.
For many households, affordability is still a hurdle—even with lower rates and softer prices. But growing inventory is opening the door for those who may have been priced out in past years. As conditions evolve, preparation, timing, and a sound strategy remain critical to navigating opportunities in today’s market.
••••••
Data presented is for City of Toronto Only. Source: TRREB.
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