October 2025 Market Recap & Highlights

September’s market reflected the season’s typical transition — steady activity, modest corrections in pricing, and a healthy level of new listings entering the fall market.

Market at a Glance:

Average sale price: $1,054,372, down 7.2% year over year, down 0.5% from September.

Sales: 6,138, down 9.5% Y/Y, up 10.1% M/M.

New listings: 16,069, up 2.7% Y/Y, down 16.6% M/M.

Days on market: 31, up 14.8% Y/Y, slightly faster than September (-6.1%).

Active listings: 27,808, up 17.2% Y/Y, down 5.4% M/M.

October’s market reflected a cautious but stabilizing environment. Prices have softened slightly, giving buyers more negotiating room, while a modest uptick in sales activity suggests renewed confidence as some adjust to current interest rates. Fewer new listings indicate that many sellers are choosing to wait, yet overall supply remains elevated, keeping conditions balanced or even slightly in buyers’ favour. Homes are taking a bit longer to sell, reinforcing the need for strategic pricing and strong presentation to stand out in a competitive market.

🪴 What This Means for Downsizers

For downsizers, this market offers both opportunity and flexibility. With prices easing and listings staying on the market longer, sellers can still achieve strong results if their home shows well and is priced right, while also having more choice and negotiation power when purchasing their next property. It’s an ideal time to make a thoughtful, well-planned move rather than rushing in a competitive market.

What This Means for First-Time Homebuyers

Softer prices and slower competition create a rare window of opportunity to enter the market with less pressure. Buyers who are financially prepared can take time to compare options and negotiate, though higher borrowing costs still limit affordability.

What This Means for Upsizers

With values adjusting and more listings available, move-up buyers can benefit from favourable trade-up conditions. While they may sell for slightly less than last year, the savings on their next, larger home often outweigh the difference.

What This Means for Investors

Elevated inventory and moderated pricing mean more choice and potential value, particularly in condos and select suburban markets. However, higher financing and carrying costs require careful analysis to ensure positive cash flow and long-term growth potential.

Key Takeaways

• The GTA market is stabilizing, with modest price adjustments and improved buyer confidence.
• Balanced conditions give both buyers and sellers time to plan strategically rather than rush.
• Presentation, pricing, and patience are essential for sellers looking to stand out.
• Buyers have more leverage to negotiate and can find good value, especially if they’re flexible on timing or location.
• As interest rates are expected to ease gradually, today’s preparation could become tomorrow’s advantage.