Sales hold steady, prices dip, and inventory levels continue to give buyers the upper hand.
By the Numbers: September at a Glance
Total Sales: 5,211 (+2.3% YoY, –14.6% MoM)
Average Selling Price: $1,022,143 (–5.2% YoY, –2.8% MoM)
New Listings: Up 9.4% YoY, down 20.3% MoM
Active Listings: 27,495 (+22.4% YoY, –9% MoM)
Sales-to-New Listings Ratio: ~37%
Days on Market:
Property DOM: 41 days
Listing DOM: 30 days
Months of Inventory: ~5 months — favouring buyers
đź§ Top Takeaway:
August showed stable sales but continued price softness, with steady inventory keeping the market tilted in favour of buyers—even as demand remains consistent.
What's happening locally? Durham & Toronto Market Insights
Every city/town is unique as are the communities within them. Scroll through to find your town.
📸 Segment Snapshot
📉Economic & Construction Insights
Bank of Canada Watch: With the next rate decision on September 17, all eyes are on upcoming inflation data to guide policy direction. Opinions vary on whether the central bank will raise or cut its 2.75% rate.
Building Activity Slowing: New housing starts surged 4% July-over-July overall in Canada, but Ontario continues to lag. Windsor recorded 25% fewer starts in H1 2025 versus 2024—and Toronto’s figures fell dramatically.
🏠What’s Changing — and What’s Not
Affordability Still a Focus: Prices are easing YoY, but many buyers still face monthly affordability challenges—even in a more liquid market.
Inventory Remains Elevated: With five months of supply, buyers have ample choice, though market activity remains measured.
Construction Slowdown Looms: Decreased housing starts in Ontario may tighten future supply—an important insight for strategic buyers or long-term investors.
Interest Rate Uncertainty Ahead: Inflation data due mid-September could sway BoC decisions, impacting mortgage cost expectations.
⚖️ Buyers vs. Sellers: What’s the Game Plan?
For Buyers:
You’ve got room to navigate—no need to rush or overpay.
Stay informed about rate movements ahead of the September decision.
Low construction today may mean fewer new choices down the road—act when ready.
For Sellers:
Price competitively—don’t cut too late chasing correction.
Professional valuation remain important
Let’s align your timing with market trends and local dynamics—especially in areas like Durham, where inventory remains balanced.
đź”® Quick Verdict
📞Need a Customized Buying or Selling Strategy?
Whether you’re ready to act or just assessing, now is the time for informed moves. Let’s collaborate to create a strategy tailored to your goals and market timing.
👉 Reach out for a personalized consultation
SOURCES: TRREB, Canadian Mortgage Trends, CMP, Bank of Canada, CBC, Todayville, cmhc-schl.gc.ca, TD Economics, RBC
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