GTA Home Sales On The Rise 📈

The market is gaining momentum...

The latest numbers from TRREB are in, and the fall market is off to a strong start.

✅ Sales are up 8.5% year-over-year

✅ Buyers are coming back, taking advantage of lower monthly mortgage payments

✅ Inventory has grown to over 5 months’ worth of supply, giving buyers more choice and bargaining power

While the average home price in the GTA dipped 4.7% YoY to $1,059,377, it’s up 3.6% compared to August — a sign of renewed market activity.

📉 Prices are adjusting,

📈 Inventory is rising,

💼 And with the Bank of Canada’s recent rate cut, more buyers are stepping off the sidelines.

September at a glance:

• 🔹 Detached: $1.36M (↓5.1% YoY / ↑3.6% MoM)
• 🔹 Semis: $1.02M (↓6.8% / ↑3.6%)
• 🔹 Townhomes: $860K (↓4.7% / ↓0.1%)
• 🔹 Condos: $655K (↓4.3% / ↑2.0%)

Detached homes made up nearly half of all sales, and most deals (68%) happened in the $600K–$1.5M range.

💬 Want to dive deeper?

I break down the numbers and what they mean for buyers and sellers in my latest blog post:

👉
https://serenaholmesrealtor.com/serena-holmes-realtor/gta-home-sales-see-a-jump-and-what-to-expect-for-fall/

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