11/06/2025
📣OCTOBER STATS ARE IN📣
Fall has definitely arrived with Daylight Savings and the warm days of summer behind us. The conditions of the real estate market continued to favour homebuyers, as average selling prices were negotiated down while new listings were up. Buyers choosing to purchase today are benefiting from more affordable housing market conditions relative to the past few years. The recent Bank of Canada adjustment to lending rates and overall choice in the market continues to encourage those sitting on the sidelines to buy.
The Toronto Regional Real Estate Board reported 6,138 home sales in October 2025, down 9.5% compared to October 2024. The average selling price, at $1,054,372, was also down by 7.2 per cent compared to October 2024. Active listings are up 17.2% to 27,808. With sales down over last September, the months of inventory is now at 4.5 months. If another home was not listed for sale, the GTA would be sold out of all home types in 4.5 months. This figure represents a more balanced market between buyers and sellers, however, with the consistent number of new listings coming to market every month, pressure on prices remains.
“The monthly mortgage payment for an average-priced GTA home continued to trend lower in October, benefitting from both lower borrowing costs, and lower selling prices. This means more buyers can now afford to purchase a home that meets their housing needs. Once we have more certainty on the economic front, including trade with the U.S. and China, home sales should increase,” said TRREB Chief Information Officer Jason Mercer.
On the new construction front the provincial government recently proposed to rebate the full 8% of the provincial portion of HST for first-time home buyers on new homes valued up to $1 million. This would save first-time home buyers up to $80,000 off the cost of a new home when combined with existing provincial relief, helping lower costs for first-time home buyers with the idea of generating the construction of more homes.
As we move further into the fall market, buyers are finding themselves in a more balanced landscape with greater opportunity and choice. Softer prices, increased inventory, lower interest rates and improving affordability are creating favourable conditions for those looking to make a move.
Whether you are considering purchasing or selling I’m here to help guide you with clarity and confidence.
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