The past 12 months in Toronto-West show modest price fluctuations with the latest average sold price of approximately $1,065,232 in September 2025. While prices have seen peaks (notably $1,123,854 in May) and a slight easing to lower figures in recent months, the HPI benchmark at about $972,500 combined with a one-year decline of around 5% suggests that properties are trending downward compared to a year ago. Real estate agents should note that although longer-term trends (5- and 10-year price changes of 5% and 63% respectively) still underscore underlying market strength, the most recent monthly figures point toward short-term price softness that could impact seller expectations and buyer negotiations this cycle.

Market supply and demand dynamics further reinforce the notion of softening activity. Over recent months, the gap between the number of sold properties (e.g., 196 in September versus 653 new listings and 820 active listings) has increased, contributing to a months of inventory figure of approximately 4.18 and an average of 27 days on market. This balance, reflecting a moderate oversupply relative to sales demand, typically indicates a market where buyers have more negotiating power, potentially suppressing prices further. Given these trends, agents should advise clients that while long-term fundamentals remain intact, the current market environment might favor buyers in the short term, and sellers may need to adjust pricing expectations to remain competitive.

Read the full article on: Toronto Regional Real Estate Board