GTA New Home Sales Report – July 2025 | Homebaba Real Estate Blog

The Greater Toronto Area (GTA) new home market remained exceptionally slow in July 2025, with activity still hovering near historic lows. Despite long-term demand for pre-construction homes in GTA, short-term affordability pressures and elevated borrowing costs kept many buyers on the sidelines.

July 2025 GTA new homes snapshot: sales, inventory, and benchmark prices.

July 2025 Snapshot at a Glance

Total new home sales: 359 (−48% vs. July 2024; −82% vs. 10-year average)
Condo apartment sales: 150 (−51% YoY; −89% vs. 10-year average)
Single-family sales (detached, semis, towns): 209 (−44% YoY; −60% vs. 10-year average)
Condo benchmark price: $1.03M (−0.1% YoY)
Single-family benchmark price: $1.489M (−6.1% YoY)
Remaining inventory (all types): 22,654 homes — 16,670 condos and 5,984 single-family

Quick Summaries in Card Views:

How slow was July?

Only 359 sales — that’s about 1 out of every 6 sales we’d typically see based on the 10-year average.

Condos vs. history

Condo sales were 89% below their 10-year norm — roughly 1 condo sold for every 9 that would sell in a typical July.

Low-rise softness

Single-family sales were 60% under the 10-year average — about 2 out of 5 of a “normal” July.

Price signals

Condo prices were essentially flat (−0.1% YoY), while single-family prices eased 6.1%, creating entry points for move-up buyers.

Choice for buyers

22,654 homes remain in inventory — about 3 condos available for every 1 single-family home.

What This Means for Pre-Construction Buyers

For purchasers researching pre-construction homes in GTA, the combination of softer sales and elevated inventory means more floor-plan choice, potential incentives, and negotiation room — especially for new detached homes in GTA and townhomes for sale in GTA. Meanwhile, new condo developments in GTA are showing price stability, which can help investors and first-time buyers model long-term affordability.

Monthly Trend Context

July 2025’s condo sales (150) were down from July 2024 (287), while single-family activity (209) is far from the stronger months like October 2024 (555). The market is still cycling through a re-pricing phase, and developers are pacing new launches while supporting existing projects.

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Other GTA Cities you might want to explore:

Explore active projects, new condo developments, detached homes, and townhomes for sale across the GTA:

July 2025 confirms a historically quiet period for new homes in the GTA. With 22,654 units in inventory and single-family prices down 6.1%, motivated buyers can find value — particularly across detached homes and townhomes — while condo prices hold steady. If you are comparing pre-construction condos versus low-rise options, this is an opportune moment to review incentives and lock in your preferred floor plan.