GTA New Home Sales Report – July 2025
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 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.
Browse Pre-Construction Listings for Major Cities on our Platforms:
- Pre-construction homes in Calgary – Condomonk
- Pre-construction homes in Calgary – Homebaba
- Pre-construction homes in Edmonton – Condomonk
- Pre-construction homes in Edmonton – Homebaba
Other GTA Cities you might want to explore:
Explore active projects, new condo developments, detached homes, and townhomes for sale across the GTA:
- Pre-construction homes in Mississauga – Condomonk
- Pre-construction homes in Mississauga – Homebaba
- Pre-construction homes in Brampton – Condomonk
- Pre-construction homes in Brampton – Homebaba
- Pre-construction homes in Vaughan – Condomonk
- Pre-construction homes in Vaughan – Homebaba
- Pre-construction homes in Markham – Condomonk
- Pre-construction homes in Markham – Homebaba
- Pre-construction homes in Oakville – Condomonk
- Pre-construction homes in Oakville – Homebaba
- Pre-construction homes in Pickering – Condomonk
- Pre-construction homes in Pickering – Homebaba
- Pre-construction homes in Ajax – Condomonk
- Pre-construction homes in Ajax – Homebaba
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.
