September Toronto Real Estate Market Update

🍁🏙️ Fall is Here, and Toronto Real Estate is Back in Motion

September is here. The patios are quiet, kids are back in school, the Jays are in the playoffs, and Leafs fans are once again saying, “This is our year.”

And in real estate? Things are moving again too. Albeit, a little slowly.

After one of the lowest Augusts we’ve seen in years, September brought the market back to life. Listings, sales, and even prices all jumped as buyers and sellers returned.

🏡 What’s Happening

August is always slow, but this year was quieter than usual. That changed fast once September hit. Detached and semi-detached listings more than doubled, and even the condo market saw a healthy uptick in activity.

One big reason for the renewed movement? The recent interest rate drop. Even a small cut has a huge psychological impact. It gave buyers a bit more confidence and sellers the push they needed to list.

The result? A noticeably busier market across all segments.

📊 The Numbers

Sales climbed in every category. Detached and semi-detached homes saw the biggest increases, and prices followed with solid gains. Detached homes were up more than 10% from August, while semis, townhomes, and condos also saw smaller but steady improvements.

Days on market dropped for most house types, meaning well-priced listings are being scooped up. Condos remain slower, sitting around 39 days on average, as that segment continues to feel the effects of higher borrowing costs.

🤓 Tyson’s Take

Toronto real estate has officially shaken off the summer slump. The interest rate cut gave the market a boost, and both buyers and sellers are starting to feel a bit more confident heading into the fall.

If you’re buying, this is a good moment to act while competition is still moderate. If you’re selling, make sure your listing stands out. Price it right, prep it properly, and make it easy for buyers to say yes.

Short-Term? Momentum is building again, confidence is returning, and the market has woken up. Whether this pace keeps up into the fall will depend on how buyers and sellers respond but, for now, things are looking brighter than they did just a month ago.

Long-Term? Toronto’s long-term strength hasn’t changed. The demand is there, the population keeps growing, and the city remains one of the most desirable in the world to live and own real estate in.

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You've read my personal opinion, but now here are the cold, hard numbers. 📊

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Please note that these statistics cover only the City of Toronto. Not Richmond Hill, Not Mississauga, Not Vaughan, etc. If you would like to know what's happening in another area in GTA, please reach out and let me know. I'm happy to chat!  

‍Want to look on your own and see the numbers for yourself? Just ask and I'll send you the official statistics that every Real Estate agent gets sent from TREB and uses for their market updates. These are the exact numbers I use for my Toronto updates and if you want, I can prepare an update as detailed as this blog update for your city, neighbourhood and even street/building!

Don't be shy, reach out and just ask!

🔹 New Listings

Detached: 1129 → 2377 (+110.53%)
Semi-Detached: 266 → 572 (+115.04%)
Freehold Townhomes: 126 → 242 (+92.06%)
Condo Townhomes: 326 → 499 (+53.06%)
Condo Apartments: 2654 → 3431 (+29.33%)

📌 Key Takeaway: The fall market came out swinging. Listings jumped across every category as sellers returned from summer holidays and tried to catch that September momentum. Detached and semis more than doubled, a clear sign that homeowners are ready to test the market again.

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🔹 Active Listings

Detached: 2355 → 2938 (+24.75%)
Semi-Detached: 463 → 596 (+28.72%)
Freehold Townhomes: 222 → 296 (+33.33%)
Condo Townhomes: 690 → 751 (+8.84%)
Condo Apartments: 5831 → 5971 (+2.40%)

📌 Key Takeaway: Inventory built up quickly in September. More listings and slower absorption rates mean buyers finally have breathing room again. Sellers will need to price aggressively to stand out as supply grows faster than demand.

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🔹 Sales

Detached: 536 → 675 (+25.93%)
Semi-Detached: 157 → 214 (+36.31%)
Freehold Townhomes: 70 → 81 (+15.71%)
Condo Townhomes: 116 → 139 (+19.83%)
Condo Apartments: 890 → 940 (+5.62%)

📌 Key Takeaway: Sales picked up nicely, showing buyers are back and shopping again. The jump was strongest in semis and detached homes, where listings also surged. More inventory helped bring some buyers off the sidelines, but volume is still moderate compared to spring levels.

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🔹 Average Price

Detached: $1,524,066 → $1,686,013 (+10.62%)
Semi-Detached: $1,131,498 → $1,181,672 (+4.43%)
Freehold Townhomes: $1,131,913 → $1,174,864 (+3.79%)
Condo Townhomes: $784,924 → $786,671 (+0.22%)
Condo Apartments: $667,660 → $681,115 (+2.02%)

📌 Key Takeaway: Prices rebounded in September, particularly for detached homes, which saw double-digit growth. Some of that comes down to mix, higher-end properties hitting the market again after the summer lull, but it also reflects renewed buyer confidence heading into fall.

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🔹 Days on Market

Detached: 30 → 25 (-16.67%)
Semi-Detached: 25 → 22 (-12.00%)
Freehold Townhomes: 26 → 26 (No change)
Condo Townhomes: 33 → 36 (+9.09%)
Condo Apartments: 38 → 39 (+2.63%)

📌 Key Takeaway: Homes sold a bit faster overall, especially detached and semis. The speedier pace suggests that while there’s more choice, well-priced homes are still moving. Condos, on the other hand, continue to take longer and  remains more sluggish.

Ok! That's it for now. Thanks for reading and have a great day! 👋 - Tyson CR

‍‍Want to know what the current value of your home is or what's going on in your neighbourhood?

Please feel free to reach out! I'm happy to prepare a completely free, no obligation custom market report just for you

If you or anyone is thinking of a move don’t be shy and reach out.  

After all, everyone’s individual situation requires an individual and unique strategy and plan.

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