If you’ve been waiting for the right time to make a move — this might just be it.
According to the Toronto Regional Real Estate Board (TRREB), October brought more listings, fewer sales, and softer prices, tilting the balance clearly in favour of buyers across the GTA.
📉 Sales Down, Selection Up
GTA REALTORS® reported 6,138 home sales in October — a 9.5% drop compared to the same month last year. Meanwhile, new listings were up by 2.7%, hitting over 16,000 homes on the market. That means more options and more negotiating power for buyers.
đź’° Prices Trending Lower
The average selling price across the GTA slipped to $1,054,372, down 7.2% year-over-year. The MLS® Home Price Index was also down 5%. Combined with lower mortgage rates, monthly payments for an average home have continued to drop — a welcome shift for those tired of the high costs we’ve seen in recent years.
🧠Market Insight
Confidence remains a key factor. Buyers with stable jobs and strong finances are taking advantage of today’s affordability. Others, still unsure about the broader economy, are watching from the sidelines — for now.
Experts suggest that once there’s more certainty around economic conditions and international trade, we’ll likely see sales activity bounce back.
🏗️ Looking Ahead
As population growth continues, the call for more housing supply remains urgent. Industry leaders are pushing for solutions — from modernized tax policies to ending exclusionary zoning — to help meet Ontario’s growing housing demand.
For now, though, October’s numbers tell a clear story:
👉 More choice. More flexibility. More opportunities for buyers.
If you’re thinking about buying, selling, or investing — let’s talk strategy before the next market shift.
đź“ž Contact me anytime for a personalized market analysis or to see what opportunities are out there right now.
