According to a new report by the new report of Toronto Regional Real Estate Board (TRREB) published on Wednesday, the softening of property prices and interest rates may have led to measures that have taken this summer.
Seasonally adjusted data showed that sales of homes in the Greater Toronto (GTA) region to 5,744 in July rose by 13 percent in July, the strongest monthly profit of the U -Bahn since October 2024.
From June to July, however, the new lists rose by only 0.4 percent, while the benchmark price decreased by 0.2 percent to $ 979,000. The average number of days on which real estate were on the market (including those who are listed more than once) rose from 36 to 41 compared to the previous year.
Shawn Zigelstein, an Ontario broker by Royal Lepage Your Community Realty, said he is expecting a flat market for the rest of the year.
“I do not see that everything suddenly received several offers, a price about the price and far above the values they were a few years ago will sell well,” said Zigelstein, stating that the average number of days on the market was on the market during the highlight of the real estate market.
“I think there are so many questions as to whether it is tariffs and trade, job security and investment accounts for people,” he said. “There is so much uncertainty there.”
Nevertheless, he found that it was a positive sign that sales of all product types, from condominiums to separated houses, had increased compared to the previous year. Sales increased by 11 percent, the new lists rose by 5.2 percent and the benchmark price by 5.5 percent compared to July 2024.
“An improved affordability caused by lower real estate prices and credit costs lead to a higher turnover with your own home,” said the President of Trreb, Elechia Barry-Prove. “It is clear that a growing number of households find affordable options for residential property.”
The sales of condominiums compared to the average price by more than nine percent compared to the previous year, Trreb reported.
However, an earlier report by Trreb showed that sales with the sales of the GTA were almost 21 percent in the second quarter of 2025 compared to the previous year.
Zigelstein said that he would expect slow growth in sales in the condominiums, with smaller units the most decrease through low demand and prices this year.
“We see that it takes much longer throughout the board, and they just don't sell (for what) many people want them to sell, which encourages buyers to get in with lowball and … to pick up some units.”
He suggested that a new trade agreement with the United States could encourage the buyer's trust and make a massive difference on the market. But until then he keeps his expectations low.
Jason Mercer, Chief Information Officer von Trreb, asked the Bank of Canada to reduce interest rates in order to promote more sales with homes and to promote the economy. The central bank last held its costumes of 2.75 percent in July.
“The latest data indicates that the Canadian economy with the United States is running water with trade uncertainty,” said Mercer.
“An important way to mitigate the effects of trade uncertainty is to promote the growth of the domestic economy. The apartment sector can be a catalyst for growth, with most of the exclusion expenses for regional economies.”
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