Oct 2025 Housing Market Stats, Pricing Flat Volume Up

Hi All

GTA Market Snapshot: October Sales Down, Buyer Conditions Improve

The Greater Toronto Area (GTA) housing market saw a decline in home sales this October compared to last year, while new listings edged higher. With lower mortgage rates and more inventory, conditions continued to favour buyers.

Key Stats – October 2025:

• Home Sales: 6,138 units, down 9.5% year-over-year

• New Listings: 16,069, up 2.7% year-over-year

• Average Selling Price: $1,054,372, down 7.2% year-over-year

• MLS® HPI Composite Benchmark: Down 5% year-over-year

• Month-over-Month (Seasonally Adjusted):

⁠◦ Sales and listings both declined from September

⁠◦ HPI remained flat; average price declined slightly

According to TRREB President Elechia Barry-Sproule, “Buyers who are confident in their employment situation and ability to make their mortgage payments over the long term are benefitting from affordable housing market conditions relative to the past few years.”

TRREB Chief Information Officer Jason Mercer added, “Monthly mortgage payments for an average-priced GTA home continued to trend lower in October, thanks to both declining borrowing costs and softer home prices. This is improving affordability for many buyers.”

Looking ahead, TRREB CEO John DiMichele emphasized the need for policy support: “Governments can help by modernizing tax rules, cutting buyer costs, and ending exclusionary zoning. Working together, we can rebuild confidence, create jobs, and deliver the homes Ontarians need.”

BOC Rate Announcements 2025:

* Wednesday, Jan 29 (Cut .25% To 3.00%)

* Wednesday, March 12 (Cut .25% To 2.75%)

* Wednesday, April 16 (HOLD At 2.75%)

* Wednesday, June 4 (HOLD At 2.75%)

* Wednesday, July 30 (HOLD At 2.75%)

* Wednesday, September 17 (Cut .25% to 2.5%)

* Wednesday, October 29 (Cut .25% to 2.25%)

• Wednesday, December 10 🤷🏻‍♂️

Given the volatility in Toronto’s condo market, this month’s chart focuses exclusively on freehold detached homes. The number of active listings has finally begun to taper off on a month-over-month basis, although inventory levels are expected to remain elevated in the coming months. This surplus of supply continues to exert downward pressure on prices, which are adjusting slowly in response. Despite this, transaction volumes remain low, as prices have not declined enough to stimulate demand. As we move beyond the peak real estate season, further price reductions may occur, potentially prompting more sales activity, particularly from sellers who need to make a move before winter sets in.

Thinking of buying, selling, or investing?

Let’s explore what these trends mean for your goals. Reach out anytime, I’m here to help you navigate the market with confidence. brad@jj.team