The Toronto Regional Real Estate Board (TRREB) has released its August 2025 Market Report, showing a slight year-over-year uptick in sales while inventory levels continue to rise. Buyers are currently benefitting from more choice, which has kept average selling prices under pressure across the Greater Toronto Area (GTA).

Key Highlights – GTA Market (August 2025)

• Home Sales: 5,211 sales recorded – up 2.3% year-over-year.

• New Listings: 14,038 properties listed – up 9.4% year-over-year.

• Average Selling Price: $1,022,143 – down 5.2% year-over-year.

• MLS® HPI Composite Benchmark: Down 5.2% compared to August 2024.

• Month-over-Month Trend: Sales edged slightly lower than July, but listings increased, creating a buyer-friendly, well-supplied market.

TRREB President Elechia Barry-Sproule noted that while sales saw modest growth, affordability remains a key concern. Lower borrowing costs and additional Bank of Canada interest rate cuts could further stimulate the market by helping more buyers re-enter.

Jason Mercer, TRREB’s Chief Information Officer, emphasized that despite softer prices, households with average incomes are still challenged by monthly mortgage payments. He added that further rate cuts could trigger stronger buyer activity.

Meanwhile, TRREB CEO John DiMichele highlighted the importance of large-scale infrastructure projects for long-term stability but pointed out that housing remains a vital short-term economic driver.

Markham Market Insights

Markham, one of the most in-demand suburban markets in the GTA, reflects these broader trends while maintaining its appeal among families, professionals, and investors.

• Balanced Conditions: With more inventory on the market, buyers in Markham have greater flexibility to negotiate. This is especially true in popular communities such as Unionville, Cornell, and Wismer, where detached homes and townhouses remain attractive options.

• Price Adjustments: Like the broader GTA, Markham has seen downward pressure on prices, creating opportunities for buyers who were previously priced out.

• Transit & Growth: Ongoing infrastructure projects, including York University Markham Campus and transit expansions, continue to position Markham as a top choice for long-term real estate investment.

For sellers, this means that strategic pricing and strong marketing are key to standing out in today’s competitive landscape. For buyers, this may be one of the best windows in recent years to enter the Markham market with more options and negotiating power.

What This Means for Buyers & Sellers

• For Buyers: With more listings and steady prices, you have more room to negotiate and find the right home. If interest rates drop again, affordability could improve further – but competition may also increase.

• For Sellers: While the market is competitive, demand is still present. Pricing strategically and showcasing your property effectively remain the keys to attracting motivated buyers.

The Greater Toronto Area housing markets are experiencing a shift toward balance, with inventory growth giving buyers more choice. While affordability challenges remain, the potential for further interest rate cuts could help unlock demand in the months ahead.

If you’re considering buying or selling in Markham or the Greater Toronto Area, now is the time to prepare your strategy. A well-informed approach can help you take advantage of current opportunities before the market shifts again.

📩 Thinking of buying or selling in Markham? Let’s talk about your next move.