SEPTEMBER 2025 UPDATE: GTA & DURHAM REGION REAL ESTATE MARKET

September saw another year-over-year increase in home sales across the Greater Toronto Area as more buyers returned to the market following the Bank of Canada’s recent interest rate cut. While demand improved, buyers continued to leverage the abundant supply of listings to negotiate on price, keeping overall market conditions balanced heading into the fall season.

GTA Market Insights
GTA REALTORS® reported 5,592 home sales in September 2025, up 8.5% compared to September 2024. New listings also increased, reaching 19,260 (↑ 4% year-over-year), continuing to provide buyers with strong selection.

The average selling price came in at $1,059,377, down 4.7% annually, while the MLS® HPI Composite benchmark fell 5.5% year-over-year. On a seasonally adjusted basis, sales rose month-over-month from August, while new listings pulled back slightly—signaling mild tightening in some segments of the market. Despite the shift, pricing held steady, with the average selling price edging up 0.2% compared to August.

Lower borrowing costs from the September rate cut injected confidence back into the market, especially among buyers who had been waiting on the sidelines for affordability relief.

Durham Region Market Highlights
Durham Region continued to mirror the broader GTA trend: sales increased compared to August, average prices rose slightly, and demand improved across multiple communities. With average prices holding below early 2025 levels, Durham remains one of the most competitively priced regions in the GTA.

Key Metrics – Durham Region (September 2025):

Average Sale Price: $877,963 (↑ 1.98% from August)
Days on Market: 29 (↑ from 27)
Sales: 707 (↑ 4.59%)
New Listings: 2,082 (↑ 24.30%)

Area Breakdown:

Oshawa
Avg. Price: $740,862 (↓ 0.86%)
Sales: 173 (↓ 5.98%)
New Listings: 522 (↑ 17.04%)

Whitby
Avg. Price: $942,378 (↓ 3.08%)
Sales: 123 (↑ 0.82%)
New Listings: 408 (↑ 36.00%)

Ajax
Avg. Price: $904,293 (↑ 1.15%)
Sales: 101 (↑ 7.45%)
New Listings: 243 (↑ 10.45%)

Pickering
Avg. Price: $935,803 (↑ 2.42%)
Sales: 111 (↑ 12.12%)
New Listings: 351 (↑ 32.95%)

Clarington
Avg. Price: $823,342 (↑ 3.73%)
Sales: 128 (↑ 3.23%)
New Listings: 326 (↑ 4.82%)

What’s Driving the Market?
Improved Affordability: The September interest rate cut increased buyer activity and confidence.
Strong Supply: With new listings rising month-over-month, buyers still have negotiating leverage.
Pricing Stability: Despite higher demand, average sale prices remain steady and below last year in most areas.
Balanced Conditions: Market conditions tightened slightly, but there is still opportunity for both sides.

Looking Ahead
For Buyers:
With increased selection and continued negotiating room, fall remains a strong time to purchase—especially before any further rate cuts draw more competition back into the market.

For Sellers:
Demand is improving, but strategy remains essential. Homes priced according to current market conditions are selling effectively and with firm offers.

Bottom Line:
September brought renewed energy to the market driven by lower borrowing costs and strong listing supply. Balanced conditions across Durham and the GTA continue to support both buyer opportunity and seller success with the right approach.

Stats provided by TRREB & Independent Reporting Company RE Stats Inc. Information is deemed reliable but not guaranteed and may vary by 2.5%.