August 2025 brought the highest number of home sales in four years, according to new data from the Canadian Real Estate Association (CREA). With 40,257 properties sold nationwide (up 1.9% from August 2024), momentum is clearly building in the housing market. This raises an important question: What does this mean for the East Toronto fall housing market?
While national sales grew, the Greater Toronto Area saw a slight month-over-month dip. However, this was offset by gains in cities like Montreal, Vancouver, and Ottawa. Interestingly, home sales across Canada have now climbed for five straight months, rising a cumulative 12.5% since March.
This trend could be just the beginning of a stronger fall market.
Fall Market Outlook: More Listings, More Movement
CREA’s senior economist, Shaun Cathcart, points to the usual seasonal surge in listings as a major factor. September often brings a wave of fresh properties, giving buyers more to choose from, and this year is no exception.
New listings were up 2.6% in August, bringing the total inventory to nearly 195,500 homes across Canada, an 8.8% increase year-over-year. With more supply and potential buyers returning from the sidelines, particularly in East Toronto, this could signal stronger activity this fall.
Will a Rate Cut Push Buyers Into Action?
Financial markets are widely anticipating a September interest rate cut from the Bank of Canada, possibly reducing the policy rate to 2.5%. This could be a game-changer for affordability, particularly in markets like East Toronto, where even small shifts in rates affect buying power.
If the cut happens, expect more buyer activity, especially among those who were previously priced out.
Pricing Remains Stable in a Balanced Market
Despite more inventory, prices have remained relatively flat. The national average home price in August was $664,078, up 1.8% year-over-year. However, CREA’s Home Price Index showed a slight dip of 0.1% month-over-month, suggesting a very balanced housing market with regional variation.
For East Toronto, this stability may provide opportunities for buyers to enter the market without fearing sudden price spikes.
What This Means for East Toronto Homeowners and Buyers
The East Toronto fall housing market could be more active than usual, thanks to:
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Increased listings providing a greater selection
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A potential rate cut improving affordability
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Stable pricing encouraging both buyers and sellers to engage
Whether you’re buying your first home, moving up, or downsizing, now is the time to evaluate your next steps.
Ready to Make a Move?
Stay ahead of the East Toronto fall housing market. Contact us today for a home valuation or to get matched with new listings that fit your needs.
