Ontario Home Prices September 2025: What Buyers and Sellers Need to Know
- Seventy Seven Park
- Sep 10
- 2 min read
How far have home prices in Ontario fallen? What does this mean for buyers entering the market? How should sellers adjust their strategies to stay competitive?
These are the questions shaping today’s real estate market. September 2025 data confirms that Ontario home prices have dropped to their lowest levels since early 2021, tilting conditions firmly in favour of buyers.
Prices Slide to Multi-Year Lows
Across the Greater Toronto Area, the MLS HPI Benchmark Price fell to $969,700, marking a four-year low not seen since February 2021. The average selling price declined to $1,022,143, down 4.9 percent year-over-year and 2.8 percent compared to July.
Detached homes have absorbed the sharpest correction, with the average price now at $1.31M, a 7.2 percent annual decline. Condominiums are also under pressure, with the average unit selling for $642,195, down 4.8 percent from last year.
Buyers Regain Control
Buyers now have more leverage than at any point in the past four years. Active listings climbed to 27,495, up 21.4 percent from last year. The sales-to-new-listings ratio was 37 percent, confirming a buyer’s market well below the 40 percent threshold for balance.
For buyers, this means:
More selection across all property types
Longer days on market, giving time to make informed decisions
Greater room to negotiate pricing and conditions
Sellers Face New Realities
For sellers, the strategy has shifted. Homes are now taking an average of 49 days to sell, up from 44 last year. The sales-to-list price ratio slipped to 97 percent, which means properties are selling three percent below asking on average.
Success in today’s market requires:
Pricing competitively from the start
Enhancing presentation through staging and professional marketing
Considering incentives, such as flexible closing dates, to capture buyer attention
Looking Ahead to Fall 2025
While seven consecutive Bank of Canada rate cuts since 2024 have helped affordability, a surge in new listings has prevented prices from rebounding. With another potential cut expected later this month, affordability could improve further, but sellers may still face a cautious buyer pool until the job market and economic conditions stabilize.
Ontario Home Prices September 2025: Smart Real Estate. Smarter Strategies.
At Seventy Seven Park, we provide clients with tailored advice on how to navigate today’s shifting real estate and mortgage landscape. Whether you are buying, selling, or refinancing, our integrated approach ensures you are making the most strategic move possible.
Contact us today for a complimentary consultation:
Seventy Seven Park Mortgages (Brokerage Licence #13004)
(416) 350-8448