Buyers continue to benefit as sales soften, prices dip, and inventory stays elevated—despite improving monthly momentum.

🔍 By the Numbers: October at a Glance

• Total Sales: 6,138 (–9.5% YoY, +9.76% MoM)

• Average Selling Price: $1,054,372 (–7.2% YoY, –0.5% MoM)

• New Listings: +2.7% YoY, –16.6% MoM

• Active Listings: 27,808 (+17.2% YoY, –5.4% MoM)

• Sales-to-New Listings Ratio: ~38%

• Days on Market:

  • Property DOM: 50 days

  • Listing DOM: 31 days

• Months of Inventory: 4.53 months — a balanced market favouring buyers
  

🧠 Top Takeaway

October continued a trend of improved month-over-month sales, but high supply and softening prices create ideal conditions for confident buyers to take advantage of increased affordability.

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

• ~25.4% of sales

• ~32% of active inventory

• 5.7 months of supply → Firm buyer’s market
  Condo inventory remains high, keeping conditions highly negotiable for buyers, especially for 1-bedroom and micro units.
  

Detached Homes

• 4.5 months of inventory

• Moving back toward balance but still leaning buyers
  Detached homes show more stability than condos, but elevated supply continues to give buyers leverage.
  

Durham Region

• 3.6 months of inventory

• Still balanced, but slowly rising inventory is easing pressure on buyers.
  

City of Toronto

• 4.53 months of inventory

• Improved from earlier in the year but still buyer-leaning

🏦 Economic & Financing Context

• The Bank of Canada cut its policy rate by 0.25% in October, marking another step toward improved borrowing conditions.

  • Variable-rate mortgage holders benefit immediately: for every $100,000 of mortgage debt, the latest prime rate cut translates into savings of about $14 less per month under a 25-year amortization. 

  • Fixed-payment variable mortgages (where monthly payments stay the same even if rates fall) see greater principal repayment when rates drop, boosting equity growth even if the payment doesn’t change. 

  • Home equity lines of credit (HELOCs) and personal lines of credit—both tied to prime—also see immediate interest-cost relief following the prime reduction. 

  • With roughly one-third of outstanding mortgages in Canada still variable-rate, the rate cut offers meaningful financial flexibility for a large portion of homeowners.

• Lower borrowing costs could help offset declines in prices, slowly improving affordability—but have not yet been enough to pull hesitant buyers off the sidelines.

• Economic uncertainty tied to global trade tensions (U.S.–China, U.S.–Canada) continues to weigh on consumer confidence and spending.

🔄 What’s Changing — and What’s Not

✅ Momentum is returning

Sales increased month-over-month as buyers reacted to lower mortgage rates.

✅ Prices continue to soften

Year-over-year declines persist, October showed the largest YoY price decline of 2025..

✅ Supply remains a powerful market force

High inventory continues to give buyers strong negotiation power despite improving sales numbers.

✅ Rate cuts help—but don’t change the fundamentals yet

Borrowing is cheaper, but broader economic uncertainty continues to hold many buyers back.

⚖️ Buyer vs. Seller Strategy

For Buyers:

• You’re still firmly in the driver’s seat.

• With lower rates and high inventory, take your time—but avoid trying to time the exact bottom.

• There’s meaningful negotiating room in condos and mid-tier detached homes.

• If you find a home that meets your needs and budget, the fundamentals favor buying now rather than waiting.
  

For Sellers:

• Price strategically and realistically—do not chase the market downward.

• Homes that are priced accurately and show well are selling; homes that aren’t are sitting.

• Understand your local competition—especially if selling a condo or entry-level detached home.

• Preparation, pricing, and promotion remain critical in this environment.
  

🔮 Quick Verdict

The Bottom Line:

In October, sales weren’t strong enough to combat softening prices, combined with elevated inventory and a fresh rate cut it created one of the most buyer-friendly markets we’ve seen—giving ready buyers meaningful negotiation power in a cautiously improving landscape.

Need help navigating the current market?

👉 Reach out for a personalized consultation

Buyers continue to benefit as sales soften, prices dip, and inventory stays elevated—despite improving monthly momentum.

🔍 By the Numbers: October at a Glance

• Total Sales: 6,138 (–9.5% YoY, +9.76% MoM)

• Average Selling Price: $1,054,372 (–7.2% YoY, –0.5% MoM)

• New Listings: +2.7% YoY, –16.6% MoM

• Active Listings: 27,808 (+17.2% YoY, –5.4% MoM)

• Sales-to-New Listings Ratio: ~38%

• Days on Market:

  • Property DOM: 50 days

  • Listing DOM: 31 days

• Months of Inventory: 4.53 months — a balanced market favouring buyers
  

🧠 Top Takeaway

October continued a trend of improved month-over-month sales, but high supply and softening prices create ideal conditions for confident buyers to take advantage of increased affordability.

What's happening locally? Durham Region Market Insights

Every city/town is unique as are the communities within them. Scroll through to find your town.

🏘 Segment Performance

Condos

• ~25.4% of sales

• ~32% of active inventory

• 5.7 months of supply → Firm buyer’s market
  Condo inventory remains high, keeping conditions highly negotiable for buyers, especially for 1-bedroom and micro units.
  

Detached Homes

• 4.5 months of inventory

• Moving back toward balance but still leaning buyers
  Detached homes show more stability than condos, but elevated supply continues to give buyers leverage.
  

Durham Region

• 3.6 months of inventory

• Still balanced, but slowly rising inventory is easing pressure on buyers.
  

City of Toronto

• 4.53 months of inventory

• Improved from earlier in the year but still buyer-leaning

🏦 Economic & Financing Context

• The Bank of Canada cut its policy rate by 0.25% in October, marking another step toward improved borrowing conditions.

  • Variable-rate mortgage holders benefit immediately: for every $100,000 of mortgage debt, the latest prime rate cut translates into savings of about $14 less per month under a 25-year amortization. 

  • Fixed-payment variable mortgages (where monthly payments stay the same even if rates fall) see greater principal repayment when rates drop, boosting equity growth even if the payment doesn’t change. 

  • Home equity lines of credit (HELOCs) and personal lines of credit—both tied to prime—also see immediate interest-cost relief following the prime reduction. 

  • With roughly one-third of outstanding mortgages in Canada still variable-rate, the rate cut offers meaningful financial flexibility for a large portion of homeowners.

• Lower borrowing costs could help offset declines in prices, slowly improving affordability—but have not yet been enough to pull hesitant buyers off the sidelines.

• Economic uncertainty tied to global trade tensions (U.S.–China, U.S.–Canada) continues to weigh on consumer confidence and spending.

🔄 What’s Changing — and What’s Not

✅ Momentum is returning

Sales increased month-over-month as buyers reacted to lower mortgage rates.

✅ Prices continue to soften

Year-over-year declines persist, October showed the largest YoY price decline of 2025..

✅ Supply remains a powerful market force

High inventory continues to give buyers strong negotiation power despite improving sales numbers.

✅ Rate cuts help—but don’t change the fundamentals yet

Borrowing is cheaper, but broader economic uncertainty continues to hold many buyers back.

⚖️ Buyer vs. Seller Strategy

For Buyers:

• You’re still firmly in the driver’s seat.

• With lower rates and high inventory, take your time—but avoid trying to time the exact bottom.

• There’s meaningful negotiating room in condos and mid-tier detached homes.

• If you find a home that meets your needs and budget, the fundamentals favor buying now rather than waiting.
  

For Sellers:

• Price strategically and realistically—do not chase the market downward.

• Homes that are priced accurately and show well are selling; homes that aren’t are sitting.

• Understand your local competition—especially if selling a condo or entry-level detached home.

• Preparation, pricing, and promotion remain critical in this environment.
  

🔮 Quick Verdict

The Bottom Line:

In October, sales weren’t strong enough to combat softening prices, combined with elevated inventory and a fresh rate cut it created one of the most buyer-friendly markets we’ve seen—giving ready buyers meaningful negotiation power in a cautiously improving landscape.

Need help navigating the current market?

👉 Reach out for a personalized consultation

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

1. Momentum is returning — monthly sales growth suggests improving buyer activity.

2. Prices remain soft — year-over-year declines persist despite a month-over-month rise.

3. Supply remains a dominant factor — with over five months of inventory and increased DOM, buyers hold more negotiation power.

4. Segment divergence continues — condos and detached properties are increasingly favoring buyers compared to earlier in 2025.

5. 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:
In September, GTA sales gained momentum while prices held steady, but abundant inventory and longer time on market maintained a buyer’s advantage.

Need help navigating the current market?

👉 Reach out for a personalized consultation

Sales tick up, prices soften, and inventory continues to favour 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 — favouring 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? Durham & Toronto Market Insights

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

• Durham Region: Inventory sits at ~3.97 months — rising but remains more balanced

• City of Toronto: ~5.16 months across home types — leans toward buyers

🏦 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

1. Momentum is returning — monthly sales growth suggests improving buyer activity.

2. Prices remain soft — year-over-year declines persist despite a month-over-month rise.

3. Supply remains a dominant factor — with over five months of inventory and increased DOM, buyers hold more negotiation power.

4. Segment divergence continues — condos and detached properties are increasingly favouring buyers compared to earlier in 2025.

5. 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:
In September, GTA sales gained momentum while prices held steady, but abundant inventory and longer time on market maintained a buyer’s advantage.

Need help navigating the current market?

👉 Reach out for a personalized consultation

Inventory builds, buyer competition heats up — but only in certain segments. Here’s what’s shifting.

🔍 By the Numbers: April at a Glance

• Total Sales: 5,601 (-23.3% YoY, +11.8% MoM)

• Average Selling Price: $1,107,463 (-4.1% YoY, +1.3% MoM)

• New Listings: 17,263 (+8.1% YoY, +9.1% MoM)

• Active Listings: 27,386 (+54% YoY, +16.7% MoM)

• Days on Market:

  • Property DOM: 33 days

  • Listing DOM: 25 daysToronto Regional Real Estate Board+3Toronto Regional Real Estate Board+3Toronto Regional Real Estate Board+3

🧠 Top Takeaway: 

April saw a seasonal uptick in sales and prices, but with inventory rising sharply, the market is shifting toward balance — and buyers are gaining leverage in many segments.

What's happening locally? Durham & Toronto Market Insights

Every city/town is unique as are the communities within them. Scroll through to find your town.

📉 Rates Hold, But Lending Tightens

The Bank of Canada held its benchmark rate steady at 2.75% in April. However, fixed mortgage rates have edged up in recent weeks, and variable rate discounts have narrowed as lenders react to economic uncertainty. Affordability remains a key concern, especially for first-time buyers.

📈 Current Trends:

• BoC Rate: 2.75%

• 5-Year Fixed Averages: ~5.5%

• Variable Rates: ~6.0%

• Bond Yields: Slightly risingFacebook+3John Owen+3New York Post+3

🏠 What’s Changing — and What’s Not

1. Sales Rebound, But Still Below Last Year
Sales increased by 11.8% from March, indicating a seasonal spring uptick. However, they remain 23.3% below April 2024 levels, reflecting ongoing market caution.

2. Inventory Surge Offers More Choices
Active listings rose by 54% year-over-year, providing buyers with more options and reducing the urgency seen in previous months.

3. Entry-Level Homes See Competition
Smaller detached and attached homes, particularly in areas like Durham Region, are experiencing multiple offers, signaling strong demand in this segment.

4. Condo Market Remains Buyer-Friendly
The condo market, especially smaller 1-bedroom units, continues to favor buyers, with ample inventory and negotiable prices.

🗣️ Expert Insight:
“Entry-level homes are attracting significant interest, while larger detached properties require strategic pricing and patience.”

⚖️ Buyers vs. Sellers: Who Has the Edge Right Now?

For Buyers:

• Increased inventory offers more choices, especially in the condo and larger home segments.

• Entry-level homes may involve competition; be prepared for multiple offers.

• Larger detached homes present opportunities for negotiation.

For Sellers:

• Entry-level properties are in demand; proper preparation and pricing are key.

• Larger homes may experience longer selling times; strategic marketing is essential.

• Understanding your market segment and working with an experienced agent can make a significant difference.

🔮 Quick Verdict:

📞 Need Help Navigating This Market?

With the market shifting month by month, strategic advice is more important than ever. Whether you're planning to buy, sell, or just assess your options, our team is here to help you make confident decisions.

👉 Let’s connect — no pressure, just clarity.

Call Ben at 905-995-23372 or Jim at 905-409-9967

MORE MARKET INSIGHTS (Markham/Stouffville & Port Hope/Cobourg)

Inventory builds, buyer competition heats up — but only in certain segments. Here’s what’s shifting.

🔍 By the Numbers: April at a Glance

• Total Sales: 5,601 (-23.3% YoY, +11.8% MoM)

• Average Selling Price: $1,107,463 (-4.1% YoY, +1.3% MoM)

• New Listings: 17,263 (+8.1% YoY, +9.1% MoM)

• Active Listings: 27,386 (+54% YoY, +16.7% MoM)

• Days on Market:

  • Property DOM: 33 days

  • Listing DOM: 25 daysToronto Regional Real Estate Board+3Toronto Regional Real Estate Board+3Toronto Regional Real Estate Board+3

🧠 Top Takeaway: 

April saw a seasonal uptick in sales and prices, but with inventory rising sharply, the market is shifting toward balance — and buyers are gaining leverage in many segments.

What's happening locally? Durham & Toronto Market Insights

Every city/town is unique as are the communities within them. Scroll through to find your town.

📉 Rates Hold, But Lending Tightens

The Bank of Canada held its benchmark rate steady at 2.75% in April. However, fixed mortgage rates have edged up in recent weeks, and variable rate discounts have narrowed as lenders react to economic uncertainty. Affordability remains a key concern, especially for first-time buyers.

📈 Current Trends:

• BoC Rate: 2.75%

• 5-Year Fixed Averages: ~5.5%

• Variable Rates: ~6.0%

• Bond Yields: Slightly risingFacebook+3John Owen+3New York Post+3

🏠 What’s Changing — and What’s Not

1. Sales Rebound, But Still Below Last Year
Sales increased by 11.8% from March, indicating a seasonal spring uptick. However, they remain 23.3% below April 2024 levels, reflecting ongoing market caution.

2. Inventory Surge Offers More Choices
Active listings rose by 54% year-over-year, providing buyers with more options and reducing the urgency seen in previous months.

3. Entry-Level Homes See Competition
Smaller detached and attached homes, particularly in areas like Durham Region, are experiencing multiple offers, signaling strong demand in this segment.

4. Condo Market Remains Buyer-Friendly
The condo market, especially smaller 1-bedroom units, continues to favor buyers, with ample inventory and negotiable prices.

🗣️ Expert Insight:
“Entry-level homes are attracting significant interest, while larger detached properties require strategic pricing and patience.”

⚖️ Buyers vs. Sellers: Who Has the Edge Right Now?

For Buyers:

• Increased inventory offers more choices, especially in the condo and larger home segments.

• Entry-level homes may involve competition; be prepared for multiple offers.

• Larger detached homes present opportunities for negotiation.

For Sellers:

• Entry-level properties are in demand; proper preparation and pricing are key.

• Larger homes may experience longer selling times; strategic marketing is essential.

• Understanding your market segment and working with an experienced agent can make a significant difference.

🔮 Quick Verdict:

📞 Need Help Navigating This Market?

With the market shifting month by month, strategic advice is more important than ever. Whether you're planning to buy, sell, or just assess your options, our team is here to help you make confident decisions.

👉 Let’s connect — no pressure, just clarity.

Call Ben at 905-995-23372 or Jim at 905-409-9967

MORE MARKET INSIGHTS (Markham/Stouffville & Port Hope/Cobourg)

Rates are falling, listings are rising — but the story isn’t the same for every home type. Here’s what you need to know.

🔍 By the Numbers: March at a Glance

• Total Sales: 5,011 (-23.1% YoY, +24.1% MoM)

• Average Selling Price: $1,093,254 (-2.5% YoY, +0.8% MoM)

• New Listings: 17,263 (+28.6% YoY)

• Active Listings: 23,462 (+88.8% YoY)

• Days on Market:

  • Property DOM: 25 days (-13.8% YoY, -41.9% MoM)

  • Listing DOM: 24 days (+20% YoY, -14.3% MoM)

🧠 Top Takeaway: While sales have decreased compared to last year, the month-over-month increase suggests a seasonal uptick. However, the significant rise in new and active listings indicates a shift towards a more balanced market, with increased options for buyers.

What's happening locally? Durham & Toronto Market Insights

Every city/town is unique as are the communities within them. Scroll through to find your town.

📉 Rates Down, Caution Up: The Interest Rate Picture

On March 12, 2025, the Bank of Canada reduced its policy rate by 25 basis points to 2.75%, marking the seventh consecutive rate cut since June 2024. This move aims to counteract economic uncertainties, particularly those arising from ongoing trade tensions. Source

📈 Current Trends:

• BoC Rate: 2.75%

• 5-Year Fixed Averages: Approximately 3.79%-4.50%

• Variable Rates: Around 4.24-4.79%

• Bond Yields: Declining, reflecting market reactions to economic uncertainties Source

🏠 What’s Changing — and What’s Not

1. Sales Rebound or Seasonal Bump? Sales have increased by 24.1% month-over-month, suggesting a seasonal rise as we enter the spring market. However, the 23.1% year-over-year decline indicates that buyers remain cautious amid economic uncertainties.

2. Freehold Homes Gaining Ground Detached and semi-detached homes are experiencing stable prices with slightly rising demand, particularly in areas like Mississauga, where average prices have increased by 2.8% year-over-year. While in Durham Region Detached homes got slightly more affordable as inventory outpaced sales and pricing declined in most markets. Source

3. Condos Facing Headwinds The condo market remains in a buyer’s market, with a significant increase in inventory. Approximately 31,000 new condo units are expected to be completed in 2025, further increasing available inventory. Source

4. Market Uncertainty Clouds Outlook Ongoing trade tensions and recent tariff implementations have introduced economic uncertainties, impacting consumer and business confidence. The Bank of Canada has highlighted concerns about potential disruptions to economic growth and inflationary pressures. Source

🗣️ Expert Insight: “The significant increase in new listings provides buyers with more options, but also indicates that sellers are eager to enter the market amid economic uncertainties.” — TRREB’s Chief Information Officer Jason Mercer

⚖️ Buyers vs. Sellers: Who Has the Edge Right Now?

For Buyers:

• More choice due to increased inventory

• Favourable borrowing conditions with recent rate cuts

• Leverage in negotiations, especially in the condo market

For Sellers:

• Need for realistic pricing to attract cautious buyers

• Enhanced property presentation to stand out in a crowded market

• Patience required, as increased listings mean longer selling times

🔮 Quick Verdict:

📞 Need Help Navigating This Market?

With the market shifting month by month, strategic advice is more important than ever. Whether you're planning to buy, sell, or just assess your options, our team is here to help you make confident decisions.

👉 Let’s connect — no pressure, just clarity.

Call Ben at 905-995-23372 or Jim at 905-409-9967

MORE MARKET INSIGHTS (Markham/Stouffville & Port Hope/Cobourg)