August delivered another year-over-year sales increase across the Greater Toronto Area, but buyers continued to benefit from ample supply. With listings outpacing sales growth, prices held flat month-to-month while trending lower than last year. The result: more negotiating room for buyers, but opportunity for sellers who price competitively.
GTA Market Insights
GTA REALTORS® reported 5,211 home sales in August 2025, up 2.3% compared to August 2024. New listings rose more quickly, hitting 14,038 (↑ 9.4%).
The average selling price came in at $1,022,143, down 5.2% annually, while the MLS® HPI benchmark also declined 5.2% year-over-year. On a seasonally adjusted basis, both prices and the HPI were flat compared to July, suggesting stability despite strong listing volumes.
With more inventory available, buyers had the upper hand in negotiations, but sellers still found success with well-prepared and realistically priced homes.
Durham Region Market Highlights
Durham reflected the broader GTA trend: sales were lower compared to July, listings pulled back, and average prices slipped in most communities. The good news for buyers is that affordability continues to improve, while sellers still see movement in desirable segments.
Key Metrics – Durham Region (August 2025):
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Average Sale Price: $860,951 (↓ 2.75% from July)
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Days on Market: 27 (↑ from 25)
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Sales: 676 (↓ 20.66%)
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New Listings: 1,675 (↓ 18.61%)
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Average SP/LP Ratio: 98% (↓ from 99%)
Area Breakdown
Oshawa
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Avg. Price: $747,282 (↑ 1.48%)
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Sales: 184 (↓ 13.62%)
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New Listings: 446 (↑ 19.89%)
Whitby
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Avg. Price: $972,305 (↓ 2.41%)
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Sales: 122 (↓ 28.24%)
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New Listings: 300 (↓ 19.35%)
Ajax
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Avg. Price: $893,972 (↓ 0.79%)
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Sales: 94 (↓ 11.32%)
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New Listings: 220 (↓ 16.98%)
Pickering
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Avg. Price: $913,648 (↓ 6.04%)
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Sales: 99 (↓ 24.43%)
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New Listings: 264 (↓ 18.27%)
Clarington
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Avg. Price: $793,715 (↓ 5.56%)
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Sales: 124 (↓ 29.14%)
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New Listings: 311 (↓ 2.20%)
What’s Driving the Market?
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Inventory Advantage for Buyers: More listings relative to sales kept conditions balanced-to-buyer-friendly.
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Negotiating Power: SP/LP ratios dipped, showing that buyers are successfully negotiating on price.
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Mixed Local Trends: Oshawa was the only area to see price growth month-over-month, while other municipalities saw declines.
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Economic Backdrop: With inflation under control and potential for more rate cuts, affordability could improve further heading into the fall.
Looking Ahead
For Buyers:
Late summer is presenting one of the most balanced markets in years. With more choice and more room to negotiate, it’s a strong time to enter the market before fall activity increases.
For Sellers:
While average prices are down, motivated buyers are still purchasing. Proper pricing and presentation are key to standing out in a crowded market.
Bottom Line: August continued the theme of affordability and balance across the GTA and Durham Region. With conditions favouring negotiation and choice, both buyers and sellers can succeed with the right strategy.
Stats provided by TRREB & Independent Reporting Company RE Stats Inc. Information is deemed reliable but not guaranteed and may vary by 2.5%.
Posted by Dan Plowman on
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