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Sales tick up, prices soften, and inventory continues to favor buyers—yet key segments are showing signs of change.
🔍 By the Numbers: September at a Glance
Total Sales: 5,592 (+8.5% YoY, +7.3% MoM)
Average Selling Price: $1,059,377 (–4.7% YoY, +3.6% MoM)
New Listings: +18.9% YoY, +6.9% MoM
Active Listings: 30,215 (+26.1% YoY, –4.4% MoM)
Sales-to-New Listings Ratio: ~29%
Days on Market:
Property DOM: 51 days
Listing DOM: 33 days
Months of Inventory: 5.26 months — favoring buyers
🧠 Top Takeaway
While sales are rising and some price momentum returned, elevated inventory levels and longer listing times continue to tilt the market in favour of buyers.
What's happening locally? Toronto Market Insights
Then what’s happening out east in Durham region. Every city/town is unique as are the communities within them. Scroll through to find your town.
🏘 Segment Performance
Condos: Represent ~25.7% of sales and ~31.4% of inventory, with ~6.42 months of supply — still clearly a buyer’s market
Detached Homes: ~5.14 months of inventory — shifting further into buyer territory
City of Toronto: ~5.16 months across home types — leans toward buyers
Durham Region: Inventory sits at ~3.97 months — rising but remains more balanced
🏦 Economic & Financing Context
In September, the Bank of Canada cut its policy rate, offering relief to borrowers and helping to support buyer activity (as noted in TRREB’s press release).
This rate move may help to counterbalance the inventory pressure and re-energize some buyers who were previously sidelined.
However, rising inflation and global trade uncertainty may temper further rate cuts.
🔄 What’s Changing — and What’s Not
Momentum is returning — monthly sales growth suggests improving buyer activity.
Prices remain soft — year-over-year declines persist despite a month-over-month rise.
Supply remains a dominant factor — with over five months of inventory and increased DOM, buyers hold more negotiation power.
Segment divergence continues — condos and detached properties are increasingly favoring buyers compared to earlier in 2025.
Rate cuts help, but not a full reset — the September BoC move is supportive, but deeper economic clarity is needed to sustain momentum.
⚖️ Buyer vs. Seller Strategy
For Buyers:
You have room to negotiate — take your time to find the right fit.
Don’t over-leverage timing — the bottom is rarely obvious in real-time.
Lock in financing while buyer-friendly rates persist.
For Sellers:
Be assertive with pricing—don’t chase the market upward.
The longer your home sits, the more it erodes value.
For entry-level properties, strong staging and promotion can still attract buyers in this market.
In more competitive areas like Durham, balance your expectations with current supply dynamics.
🔮 Quick Verdict
Bottom line (for email):
In September, GTA sales gained momentum while prices held steady, but abundant inventory and longer time on market maintained a buyer’s advantage.
