The Greater Toronto Area housing market continued to favour buyers in October 2025, with lower selling prices, more inventory, and longer time on market creating more negotiating power for those actively looking to purchase. While lower borrowing costs have helped ease affordability, many buyers are still taking a cautious approach given broader economic uncertainty and concerns over long-term financial stability.
Below is a clear breakdown of how the market performed and what these shifts mean for buyers, sellers, and homeowners across the GTA.
Home sales totalled 6,138 in October 2025, a decrease of 9.5% compared to October 2024. Although demand has not disappeared, many households are waiting to feel more confident in the economic outlook before moving forward with a purchase. Here is the year-over-year performance by property type:
Detached homes: 2,856 sales, down 11.0%
Semi-detached homes: 595 sales, down 2.8%
Townhomes: 1,052 sales, down 8.5%
While all segments saw fewer sales, the smaller decline for semi-detached homes may reflect continued demand from families seeking more space without the price tag of a detached home.
The average selling price across the GTA reached $1,054,372, down 7.2% compared to October 2024. Softer pricing, combined with lower mortgage rates, has reduced monthly carrying costs for buyers who are confident in their long-term financial position. Average price by home type:
Detached homes: $1,355,506, down 7.3%
Semi-detached homes: $1,033,770, down 6.5%
Townhomes: $846,105, down 8.3%
Condo units: $660,208, down 4.7%
Condo prices saw the smallest annual decline among all home types, a sign that affordability and entry-level options remain in demand as buyers shift toward more budget-conscious choices.
New listings reached 16,069 in October 2025, up 2.7% year-over-year. While this is a modest increase, it continues the trend of a well-supplied market, giving buyers more choice and more control during negotiations.
Supply is still outpacing demand, keeping conditions favourable for buyers and placing pressure on sellers to price strategically if they want to stand out.
The average property remained on the market for 50 days, compared to 43 days a year ago, an increase of 16.3%.
This reflects both a slower decision-making process from buyers and the impact of increased listing inventory. With more options available, buyers are taking additional time to compare properties before making an offer.
For buyers, current conditions present an opportunity to enter the market with less competition, more choice, and greater negotiating power. First-time buyers, in particular, may find today’s market more accessible than at any point in recent years.
For sellers, proper pricing, strategic marketing, and strong presentation are essential to attract qualified buyers and achieve a favourable result in a slower, more selective environment.
With more listings, slower sales, and increased buyer expectations, working with an experienced and well-connected real estate team is key. Our team understands the nuances of the shifting GTA market and can guide you through the right strategy for today’s conditions.
At Sam McDadi Real Estate Brokerage, we monitor market trends closely so you can make informed decisions with confidence. Whether you are buying, selling, or investing, we ensure a smooth process backed by strong negotiation skills, industry relationships, and more than 30 years of expertise serving the GTA.
The market is always changing. With Team McDadi by your side, you will always be one step ahead.
If you’re ready to buy, explore our current listings here
If you’re planning on selling, get your complimentary home evaluation here
