Kim Speir - Sales Representative - Royal LePage Signature Realty

11/10/2025

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.

11/05/2025

TRREB October 2025 Stats are in!

“Home sales in the Greater Toronto Area (GTA) were down year-overyear in October, while new listings were up. Market conditions continued to favour homebuyers, as average selling prices were negotiated down alongside lower mortgage rates.”

Homebuyers continue to benefit from lower borrowing costs and sale prices in the GTA. Explore TRREB’s latest Market Watch report for a full breakdown of housing trends in the GTA. 🔗 https://bit.ly/4nEU8db

10/12/2025

10/03/2025

September 2025 Stats are in!

September home sales increased compared to a year earlier, as more buyers looked to take advantage of affordable monthly mortgage payments and choice. With the number of homes of all types for sale up 18.9% over last September, buyers naturally have more selection which has continued to put downward pressure on prices.

There was a rate cut by the bank of Canada this past September which was welcome news for homebuyers. With lower borrowing costs, more households are now able to afford monthly mortgage payments on a home that meets their needs.

There were 5,592 home sales reported through the MLS System up by 8.5% compared to September 2024. The average selling price, at $1,059,377, was down 4.7% respectively.

A very interesting comment shared by the Toronto Regional Real Estate Boards Chief Information Officer, Jason Mercer, was that while home sales have improved over the past year, they still remain below normal levels. Further stating that two more 25-basis-point interest rate cuts by the Bank of Canada would see monthly mortgage payments move more in line with homebuyers’ average incomes, which would further spur home sales and related economic activity.

Resale condominium activity also improved with sales up 9.5% over September of last year.

It is fantastic to see the number of homes sales increase as this will eventually influence price appreciation. Price increases will encourage those buyers that have been sitting on the fence to get into the market and to act quickly.

09/17/2025

The Bank of Canada has reduced its overnight rate to 2.5%, citing slower economic growth, higher unemployment, and stable inflation.

This is the sign many buyers have been waiting for —a potential turning point that could improve affordability and renew confidence in the housing market.

Stay tuned for the next rate update on October 29, 2025.

09/07/2025

Home sales through the summer month of August reported by the Toronto Regional Real Estate Board(TRREB) were up on a year over year basis. Home buyers benefitted from an even larger increase in the inventory of listings with average selling prices continuing to be negotiated downward due to the elevated number choices throughout the market.

There were 5,211 home sales reported through TRREB’s MLS System in August 2025, up by 2.3% compared to August 2024. The total number of new listings were up 22.4% to a total of 27,495 available homes for sale of all home types.

More choice has put further pressure on prices with the average selling price of $1,022,143, down by 5.2% compared to August 2024. Months of inventory remained in a buyers market with over 5 months of available homes of all types.

TRREB's Chief Information Officer Jason Mercer reported that even with lower borrowing costs and selling prices over the past year, further relief in lending costs is required to see an increased number of buyers move off the sidelines to take advantage of today’s well-supplied market.
The condominium market has seen some consistency over the past few months with sales averaging approximately between 1400 to 1500 per month. However, a record number of new condominium deliveries continue to fuel the over supply of this home type, putting downward pressure on prices, down 4.2% over August last year.

09/04/2025

AUGUST 2025 Stats are in - Market Watch - TRREB

"Greater Toronto Area (GTA) REALTORS® reported 5,211 home sales through TRREB’s MLS® System in August 2025 – up by 2.3 per cent compared to August 2024. New listings entered into the MLS® System amounted to 14,038 – up by 9.4 per cent year-over-year.

On a seasonally adjusted basis, August home sales edged lower month-over-month compared to July 2025. In contrast, new listings increased compared to July, reaffirming that buyers continue to benefit from a well-supplied market."

New listings amounted to 14,038, up 9.4 per cent year-over-year. Check out TRREB’s latest market watch report for more housing market data. 🔗 https://bit.ly/3AMV3FM

08/07/2025

Summer,

The Greater Toronto Area experienced the best home sales result for the month of July since 2021. Sales were also up relative to listings, suggesting a modest tightening in the market compared to last year. Improved affordability, brought about by lower home prices and borrowing costs has started to translate into increased home sales allowing for growing a number of households to find affordable home options.

There were 6,100 home sales in July 2025, up by 10.9% compared to July 2024. Active listings on the MLS System totalled 30,215 up 26.2% year-over-year representing 4.95 months of available homes for sale of all types. Under five months of inventory represents a market trending in favour of a sellers market. New listings rose compared to June, but by a much lesser rate. With sales increasing relative to listings, market conditions are tightening.

TRREB Chief Information Officer Jason Mercer reported that recent data suggests that the Canadian economy is treading water in the face of trade uncertainty with the United States. A key way to mitigate the impact of trade uncertainty is to promote growth in the domestic economy. The housing sector can be a catalyst for growth, with most spin-off expenditures accruing to regional economies. Further interest rate cuts would spur home sales and see more spin-off expenditures, positively impacting the economy and job growth.
Condominium sales have remained consistent with 1576 sales, up over this past June by 4.4% and up over last July by 6.3%. Prices have declined by 9.4% over last July, much in part due to the great number of deliveries of new construction units this year and leading into the next.

08/06/2025

Our July Regional Housing Statistics Are In! 🏡

July saw strong sales growth across much of our Region, with average prices easing in most areas.

View the full release and detailed reports here: https://www.clar-mls.ca/articles/central-lakes-association-of-realtors-report-july-housing-market-statistics

08/06/2025

JULY STATS are in!

"GTA REALTORS® reported 6,100 home sales through TRREB’s MLS® System in July 2025 – up by 10.9 per cent compared to July 2024. New listings entered into the MLS® System totalled 17,613 – up by 5.7 per cent year-overyear.

On a seasonally adjusted basis, July home sales increased month-over-month compared to June 2025. New listings also rose compared to June, but by a much lesser rate. With sales increasing relative to listings, market conditions tightened."

New listings in the GTA continue to increase, amounting to 17,613 in July. That’s a 5.7 per cent increase year-over-year. Check out TRREB’s latest Market Watch report for more market data. 📈 Explore more: https://bit.ly/3AMV3FM

08/01/2025

Long weekends are made for discovery.

Whether it’s stumbling upon a new favourite festival, strolling through a local market, or watching fireworks from a park you’ve never visited, there’s no better time to explore a new corner of the GTA.

07/30/2025

Interest Rate Update: July 30, 2025

The Bank of Canada has held its key interest rate steady at 2.75%, as expected by economists.

With mixed economic signals and ongoing trade tensions, this decision brings stability in an uncertain climate.