In Early-Q3, Greater Toronto recorded ~6K home sales, ↓~1% yearly after four months of yearly gains, though activity still improved ↑~3% MoM.
Avg. selling price was ~$1M in Early-Q3, with the typical-home benchmark also ↓~5% yearly, showing buyers still held pricing leverage across much of Greater Toronto.
By housing type, detached sales edged ↑~1% yearly, while semi-detached sales ↓~6%, townhouses ↓~3%, and condo apartments were nearly flat in Early-Q3.
Supply tightened meaningfully: new listings fell to ~14.5K, ↓~18% yearly, while active listings reached ~26.1K, ↓~12%, reducing fresh options across Greater Toronto.
With sales taking a larger share of listings, the board said shrinking supply could gradually limit price negotiations and support balanced conditions if confidence improves.
