While the spring surge is in full effect with sales up 7% year-over-year, a significant volume of active listings is keeping the market balanced and providing buyers with continued negotiating power.

🔍 By the Numbers: April at a Glance

• Total Sales: 5,946 (+7.0% YoY)

• Average Selling Price: $1,051,969 (–4.9% YoY)

• Active Listings: 25,110 (–6.4% YoY)

• New Listings: 17,097 (–9.3% YoY)

• Sales-to-New Listings Ratio (SNLR Trend): 34.6%

• Days on Market (Avg. PDOM): 43 days

• Months of Inventory (Trend): 4.9 months — Market is solidly BALANCED.

🧠 Top Takeaway

Despite a healthy 7% increase in sales activity, the GTA currently has 4.9 months of inventory on a trend basis. This high level of choice for buyers is the primary reason why average selling prices have remained nearly 5% lower than last year, even as we move into the peak spring season.

What's happening locally? Durham Region & Toronto Insights

While the overall GTA is tightening, specific regions are moving at different speeds.

🏘 Segment Performance

Detached Homes

• Total Sales: 2,759 (+9.2% YoY)

• Average Price: $1,372,688 (–4.1% YoY)

• Market Status: Balanced. Detached buyers are finding more opportunities than last year as prices edge down despite rising sales.

Condo Apartments

• Total Sales: 1,553 (+9.1% YoY)

• Average Price: $635,653 (–6.3% YoY)

• Market Status: Buyer-Leaning. Condos remain the most affordable entry point and continue to offer the most significant price discounts compared to 2025.

Durham Region

• Average Price: $844,018

• Months of Inventory: 3.5 months

• Status: While tighter than the GTA average, Durham has moved into a more comfortable balanced territory.

City of Toronto

• Average Price: $1,091,761

• Months of Inventory: 4.9 months

• Status: Solidly a Buyer's Market. With nearly 5 months of supply, Toronto buyers have substantial leverage on both price and terms.

🏦 Economic & Financing Context

• Bank of Canada: The policy rate sits at 2.3%, with the Prime Rate at 4.5%.

• Mortgage Rates: Fixed rates are holding steady, with 5-year rates at 6.09% and 3-year rates at 6.05%.

• Economic Headwinds: GDP growth was flat-to-negative (–0.6%) in Q4 2025, and Toronto's unemployment rate has reached 8.1%. This economic cooling is acting as a natural brake on rapid price appreciation.

🔄 What this means for you?

For Buyers: You are in a rare position for a Toronto spring. Typically, inventory dries up by April, but with 4.9 months of supply, you have time to be picky. Average prices are down nearly $55,000 from last April, making this one of the most accessible spring markets in years.

For Sellers: Competition is high—not just from other sellers, but from the sheer volume of active listings (over 25,000 across the GTA). To stand out, your property must be priced sharply and presented perfectly. Buyers have "ample choice," so they will naturally gravitate toward the best value.

🔮 Quick Verdict

📞 Get our family working for yours

The market has shifted gears. We’ve moved from a quiet winter into a fast-paced spring where inventory is the primary challenge. Whether you’re looking to capitalize on lower year-over-year prices or want to list while competition is low, we have the tailored strategy you need.

👉 Contact us today to navigate the spring market with confidence.

CONTACT THE JSA TEAM

📌 Supporting Sources

• TRREB Market Watch (April 2026): https://trreb.ca/market-data/market-watch/

• Bank of Canada Rate Update: CBC News - April 2026 Rate Hold

• Mortgage Market Insights: Canadian Mortgage Trends - May 2026

Spring is stirring: March home sales jumped over 30% from February as buyers moved to capitalize on improved affordability and significant negotiating power before the market tightens further.

🔍 By the Numbers: March at a Glance

• Total Sales: 5,039 (+1.7% YoY, +30.27% MoM)

• Average Selling Price: $1,017,796 (–6.7% YoY, +0.9% MoM)

• Active Listings: 21,596 (–8.0% YoY, +11.8% MoM)

• New Listings: 14,442 (–16.7% YoY)

• Sales-to-New Listings Ratio: 35% (Up from 29% last year)

• Days on Market:

  • Property DOM: 47 days (Down 13% from February)

  • Listing DOM: 31 days

• Months of Inventory: 4.29 months — Market remains BALANCED.

🧠 Top Takeaway

The "Spring Surge" has arrived, but with a twist. While sales volume skyrocketed 30% month-over-month, new listings fell nearly 17% compared to last year. This tightening of supply means that while buyers still enjoy negotiating power today, the window of "flat" pricing may be closing as we move deeper into 2026.

What's happening locally? Durham Region Market Insights

While the broader GTA sits in balanced territory, local pockets like Durham are showing signs of a much faster recovery.

🏘 Segment Performance

Condos

• ~ 28.2% of total sales

• Average Price: $620,479

• 5.4 months of supply → Remains a Firm Buyer’s Market, though inventory is being absorbed faster as new listings fail to keep pace with sales.

Detached Homes

• ~ 44.4% of total sales

• Average Price: $1,342,375

• 4.17 months of supply → Balanced Market.

Durham Region

• 392 Sales | Average Price: $850,304

• 2.96 months of inventory → Inventory has dipped below the 3-month mark, a strong signal for sellers. Durham continues to be the GTA's top performer for seller-favorable conditions.

City of Toronto

• 951 Sales | 4,912 Listings

• 5.17 months of inventory → Buyer’s Market. The 416 remains the best bet for buyers looking for maximum choice.

🏦 Economic & Financing Context

• Bank of Canada: The policy rate was held steady at 2.25% on March 18, 2026. The next announcement is set for April 29, with markets pricing in a 96% chance of another hold.

• Bond Market & Fixed Rates: 5-year Government of Canada bond yields are hovering near 3.06%. This has caused some fixed mortgage rates to edge slightly higher recently, making the cost of "breaking" a mortgage more expensive for some.

• The "Renewal Crunch": A recent TD study found that 56% of homeowners are cutting discretionary spending to prepare for higher payments at renewal.

• Stirring Demand: Despite renewal stress, 30% of prospective buyers say they are more likely to purchase before year-end, citing lower prices and rate stability as the primary "green lights".

🔄 What this means for you?

For Buyers:

The surface is beginning to bubble. While you still have "substantial negotiating power", the 16.7% drop in new listings suggests that the massive inventory selection we saw in January is starting to be absorbed. If you are one of the 75% of buyers currently saving for a down payment, now is the time to finalize your pre-approval before the "missing middle" supply tightens further.

For Sellers:

Inventory in the GTA is currently 8% lower than last year. In areas like Durham, where inventory is under 3 months, you are in a much stronger position than the "Buyer's Market" headlines suggest. With properties selling 13% faster than last month, the market is picking up speed—but correct pricing remains the bridge to a successful sale.

🔮 Quick Verdict

📞 Get our family working for yours

The market is shifting from "wait and see" to "active and moving." A cookie-cutter approach won't work when one neighborhood is in a Buyer's Market and the next is leaning toward Sellers. If you need help navigating these tightening conditions, reach out. We tailor our strategy to meet your unique goals.

👉 Contact us today to stay ahead of the spring market curve.

CONTACT THE JSA TEAM

📌 Supporting Sources

• TRREB Market Watch (March 2026): https://trreb.ca/market-data/market-watch/

• TD Survey on Homeowner Spending: Cantech Letter / TD News Release

• Bank of Canada Rate Announcement (March 18): RBC Economics

• Mortgage Rate Trends: Canadian Mortgage Trends

February saw the GTA average price climb back above the $1 million mark, but with nearly five months of inventory, buyers still hold the cards as we head toward the spring market.

🔍 By the Numbers: February at a Glance

• Total Sales: 3,868 (–6.3% YoY, +25.5% MoM)

• Average Selling Price: $1,008,968 (–7.1% YoY, +3.7% MoM)

• Active Listings: 19,314 (–2.4% YoY, +7.4% MoM)

• Sales-to-New Listings Ratio: ~36%

• Days on Market:

  • Property DOM: 54 days

  • Listing DOM: 36 days

• Months of Inventory: 4.99 months — Balanced overall, but continuing to favor buyers.

🧠 Top Takeaway

While sales activity jumped 25% compared to a quiet January, the market remains in a tug-of-war. New listings are down nearly 18% year-over-year, which is actually tightening conditions in some pockets—yet the overall inventory level of nearly 5 months ensures that buyers aren't feeling the typical spring "pressure" just yet.

What's happening locally? Durham Region Market Insights

Every city and town is unique. While the broader GTA is leaning buyer-friendly, Durham remains the region's "hot pocket" for sellers.

🏘 Segment Performance

Condos

• ~ 28.1% of total sales

• Average Price: $626,650

• 6.57 months of supply → Remains a Firm Buyer’s Market.

Detached Homes

• ~ 43.5% of total sales

• Average Price: $1,325,654

• 4.8 months of supply → Balanced Market.

Durham Region

• 454 Sales | Average Price: $850,304

• 3.6 months of inventory → Balanced conditions. Durham continues to outperform the broader GTA in terms of seller-favorable conditions.

City of Toronto

• 4.96 months of inventory → Balanced Market. While still favoring buyers, the 416 became significantly more balanced in February compared to the start of the year.

🏦 Economic & Financing Context

• Bank of Canada Outlook: The BoC held the policy rate at 2.25% in January. All eyes are now on the March 18 announcement. Most major banks (BMO, RBC, TD) forecast another hold at 2.25%, as the Bank waits to see the full impact of trade uncertainty and recent inflation data.

• The Bond Market & Fixed Rates: Government of Canada 5-year bond yields have hovered around 2.7%. This stability has kept 5-year fixed mortgage rates in a predictable range (approx. 3.89% – 4.55% depending on the lender), providing a "stability window" for those looking to lock in before any potential spring volatility.

• The "Wait and See" Effect: TRREB notes that over 100,000 potential buyers are currently sidelined, waiting for prices to fully level off or for positive news regarding international trade.

🔄 What this means for you?

For Buyers:

The "herd mentality" hasn't kicked in yet. While the average price moved back over $1M, the 4.99 months of inventory means you still have room to negotiate. The window to buy before the "pent-up demand" (estimated at 100k+ buyers) returns is still open.

For Sellers:

Inventory is slowly rising (+7.4% MoM), but new listings are actually down 17.7% compared to last year. This means that if you have a well-prepared, properly priced home, you have less new competition than you might think. Strategic pricing remains the #1 factor in a 5-month inventory market.

🔮 Quick Verdict

📞 Get our family working for yours

Whether you’re planning to buy, sell, or simply get a grasp of what lies ahead, we’re here to help you make informed, confident real estate decisions. The market is showing signs of a "second-half" surge—don't wait until the competition heats up to build your strategy.

👉 Contact us today to navigate the spring market with confidence.

CONTACT THE JSA TEAM

January kicked off with a major milestone: for the first time in five years, the average selling price in the GTA has dropped below $1 million, signalling a definitive shift in market power.

🔍 By the Numbers: January at a Glance

• Total Sales: 3,082 (–19.3% YoY, –0.11% MoM)

• Average Selling Price: $973,289 (–6.5% YoY, –8.8% MoM)

• Active Listings: 17,975 (+8.1% YoY, +16.8% MoM)

• Days on Market:

  • Property DOM: 67 days (Properties that are terminated and relisted)

  • Listing DOM: 45 days (Average time for a fresh listing to sell)

• Months of Inventory: 5.83 months — A firm Buyer's Market across all home types.

🧠 Top Takeaway

The "Million Dollar Floor" has finally cracked. With inventory surging and average prices sitting at five-year lows, January has set the stage for a year where buyers have the upper hand, more choice, and the strongest negotiating power we’ve seen since 2021.

What's happening locally? Durham Region Market Insights

Every city and town is unique. While the broader GTA is leaning heavily into buyer territory, some suburban pockets remain more resilient.

🏘 Segment Performance

Condos

• ~ 27.8% of total sales

• Average Price: $604,759

• 7.79 months of supply → Firm Buyer’s Market.

Detached Homes

• ~ 43.9% of total sales

• Average Price: $1,277,915

• 5.58 months of supply → Buyer’s Market.

Durham Region

• 412 Sales | Average Price: $818,694

• 3.6 months of inventory → Balanced conditions. Durham remains a standout for better seller conditions compared to the overall GTA.

City of Toronto

• 6.49 months of inventory → Buyer’s Market. Supply continues to outpace demand in the 416.

🏦 Economic & Financing Context

• The Bank of Canada held the policy rate at 2.25% on January 28, marking a second consecutive pause.

• Borrowers are seeing continued relief, with the next rate announcement scheduled for March 18, 2026.

• Economists suggest that while affordability has improved due to lower rates and prices, many households are waiting for further economic clarity before committing. (Source: Bank of Canada, Canadian Mortgage Trends)

🔄 What’s Changing — and What’s Not

• Prices are at a 5-year low, providing the most accessible entry points for first-time buyers in years.

• Inventory is at its highest in a decade for this time of year, with nearly 18,000 active listings.

• Time on market has increased by an average of 8 days compared to last year, meaning buyers don't have to rush their decisions.

• Consumer sentiment remains cautious despite better rates, largely due to broader economic uncertainty.

⚖️ Buyer vs. Seller Strategy

For Buyers:

• You have the choice and the power. Take your time to establish your budget and shop with confidence.

• Don't be afraid to include conditions; your negotiating power should allow for them.

• Note: In pockets like Durham Region, you may still encounter multiple offers, though they are far less common.

For Sellers:

• Price is everything. In this market, your pricing strategy is more important than your promotion.

• This doesn't mean underpricing—it means understanding market value relative to your active competition.

• Preparation and "The 3 Ps" (Preparation, Pricing, Promotion) are vital to standing out in a crowded field.

🔮 Quick Verdict

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📞 Get our family working for yours

The last five years have been a whirlwind of challenges and opportunities. A cookie-cutter approach simply doesn't work in a market this nuanced. Whether you are navigating a firm buyer's market in the city or balanced conditions in Durham, we tailor our strategy to meet your specific goals.

👉 Reach out today. Let’s build a custom plan to help you navigate this market with confidence.

CONTACT THE JSA TEAM

📌 Supporting Sources

• TRREB Market Watch (January 2026): https://trreb.ca/market-data/market-watch/

• Bank of Canada Interest Rate Announcement: https://www.bankofcanada.ca/core-functions/monetary-policy/key-interest-rate/

• Big Bank Rate Forecasts: https://www.canadianmortgagetrends.com/big-bank-rate-forecasts/

2025 wrapped up with softer sales, easing prices, and elevated inventory — creating buyer-friendly dynamics as we head into 2026.

🔍 By the Numbers: December at a Glance

• Total Sales: 3,697 (–8.9% YoY, –26.2% MoM)

• Average Selling Price: $1,006,735 (–5.1% YoY, –3.1% MoM)

• Active Listings: 17,005 (+17.5% YoY, –30.7% MoM)

• Sales-to-New Listings Ratio: ~70%

• Days on Market:

  • Property DOM: 65 days

  • Listing DOM: 41 days

• Months of Inventory: 4.6 months — balanced overall, but favouring buyers

Annual Summary (2025):

• Total GTA Sales: 62,433 (–11.2% vs 2024)

• Annual Average Selling Price: $1,067,968 (–4.7% vs 2024)

• New Listings (Annual): 186,753 (+10.1% YoY)
  (Source: TRREB 2025 Year-End Market Watch Report)

🧠 Top Takeaway

December closed out a year of cooling market activity with fewer sales and softer prices, while elevated inventory continued to give buyers negotiating power — setting up a more balanced, buyer-friendly landscape as we enter 2026.

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 (Updated)

Condos

• ~ 27.8% of sales

• ~ 36.3% of active inventory

• 5.99 months of supply → Firm buyer’s market

Detached Homes

• 4.31 months of supply → Balanced conditions

Durham Region

• ~ 3.13 months of inventory → Balanced conditions

City of Toronto

• ~ 4.70 months of inventory → Balanced but leaning toward buyers

These updated figures show that even as some segments remain balanced, condo supply in particular gives buyers strong leverage, while detached homes and certain suburban zones sit in equilibrium.

🏦 Economic & Financing Context

• The Bank of Canada held its policy rate at low levels in December, providing continued relief for borrowers after rate cuts earlier in the year.
  (Source: Bank of Canada 2025–12 Monetary Policy Report)

• Lower mortgage rates, combined with year-over-year price moderation, improved overall housing affordability in 2025 — though many buyers remain cautious until broader economic confidence returns.

• Forecasts from major economists suggest the central bank may hold rates steady into early 2026 as inflation stabilizes and labour markets find firmer footing.
  (Supporting insights: Reuters, Globe & Mail rate outlook articles)

🔄 What’s Changing — and What’s Not

• Sales activity slowed sharply in December, reflecting typical seasonality and broader economic caution.

• Prices continued to trend lower compared to last year, offering improved entry points for buyers.

• Inventory remained elevated, boosting buyer choice and negotiation potential.

• Time on market increased, highlighting the value of strategic pricing and presentation for sellers.

• Macro uncertainty (labour, trade) continues to play a role in buyer deliberation — though positive economic shifts could bring more demand into 2026.

⚖️ Buyer vs. Seller Strategy

For Buyers:

• Enjoy increased selection and stronger negotiating leverage.

• Act when you find a home that fits needs and budget — easing prices and rates support affordability now.

• Monitor interest rate direction and employment data — both could affect pricing and buyer confidence.

For Sellers:

• Price strategically — overly ambitious pricing in a buyer-leaning market can extend time on market.

• Presentation and promotion matter more than ever to help your home stand out.

• In balanced pockets like Durham detached, there’s opportunity, but timing and pricing remain key.

🔮 Quick Verdict

📞 Get our family working for yours

Whether you’re planning to buy, sell, or simply get a grasp of what lies ahead in 2026, we’re here to help you make informed, confident real estate decisions.

👉 Contact us today to build your tailored strategy and navigate this market with confidence.

CONTACT THE JSA TEAM

📌 Supporting Sources (Optional Links)

• TRREB Market Watch & Year-End Report: https://trreb.ca/market-data/market-watch/

• Bank of Canada Key Interest Rate: https://www.bankofcanada.ca/core-functions/monetary-policy/key-interest-rate/

• Rate Forecast & Economic Context:

  • Reuters: https://www.reuters.com/world/americas/bank-canada-done-cutting-rates-least-until-2027-house-prices-rebound-soon-2025-12-05/

  • Globe & Mail: https://www.theglobeandmail.com/business/article-bank-of-canada-expected-to-hold-interest-rate-steady-while-fed/

• Mortgage Trend Insights: https://www.canadianmortgagetrends.com/big-bank-rate-forecasts/

• Canadian Housing Market Sales Trend: https://www.msn.com/en-ca/money/finance-real-estate/sales-in-canadian-housing-market-including-gta-saw-drop-not-seen-in-decades/ar-AA1TPKaQ?ocid=finance-verthp-feeds

Sales slow further, prices dip, and inventory remains elevated — creating more opportunity for savvy buyers.

🔍 By the Numbers: November at a Glance

• Total Sales: 5,010 (–15.8% YoY, –18.3% MoM) Toronto Real Estate Board+1

• Average Selling Price: $1,039,458 (–6.4% YoY, –1.4% MoM) Toronto Real Estate Board+1

• New Listings: –4.0% YoY, –1.4% MoM Toronto Real Estate Board+1

• Active Listings: 24,549 (+16.8% YoY, –11.2% MoM) Toronto Real Estate Board+1

• Sales-to-New Listings Ratio: ~ 45%

• Days on Market:

  • Property DOM: 56 days

  • Listing DOM: 34 days

• Months of Inventory: 4.90 months — a balanced market, but still favouring buyers

SOURCE: TRREB November 2025 Market Update

🧠 Top Takeaway

With sales dropping to a five-month low and prices continuing to soften — even as inventory remains elevated — November provides buyers with substantial choice and negotiating leverage, while sellers need strategy more than urgency.

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: ~ 25.9% of sales, ~ 33.5% of active inventory, with 6.33 months of supply → Firm buyer’s market

• Detached Homes: 4.83 months of supply → Balanced, but trending toward buyer’s market

• Durham Region: ~ 3.46 months of inventory → Balanced

• City of Toronto: ~ 4.9 months inventory → Balanced, but leaning toward buyers

SOURCE: TRREB November 2025 Market Update

🏦 Economic & Financing Context

• The Bank of Canada (BoC) cut its policy rate to 2.25% in late October — its lowest point in years — aiming to support the economy amid ongoing macroeconomic uncertainties. Bank of Canada+1

• That cut lowered borrowing costs and helped affordability, but the BoC has signalled the rate-cutting cycle may be over for now, as inflation stabilizes and economic pressures recalibrate. Yahoo Finance+1

• As a result, many rate-sensitive buyers who acted on earlier cuts already benefited; new buyers may now need to factor in elevated supply and cautious lender sentiment.

SOURCES: Bank of Canada, Yahoo Finance

🔄 What’s Changing — and What’s Not

• Sales continue to pull back — November marked one of the slowest months for transactions in 2025.

• Prices remain soft — Average selling price saw further YoY decline, with more downward pressure likely until supply balances with demand.

• Inventory stays elevated — Nearly 25,000 active listings gives buyers strong selection and leverage.

• Condos remain buyer-friendly, while detached homes and certain suburbs show early signs of pricing stabilization — but require careful positioning.

• Rate cuts offer support, but uncertainty lingers — Economic headwinds, global trade tensions, and market caution continue to influence buyer confidence.

⚖️ Buyers vs. Sellers: What This Means

For Buyers:

• More options and lower prices — this is a good window for negotiation, especially for condos and mid-priced detached homes.

• Because inventory is deep, you have time to assess, compare, and negotiate — no need to rush.

• If you find a property that fits your needs and budget now, the odds favour securing a favourable deal.
  

For Sellers:

• Pricing aggressively and realistically matters more than ever — overpricing in a buyer-favoured market often leads to extended time on market.

• Presentation and marketing will matter — with many options available, the standout homes will get attention.

• For detached or resale homes in balanced zones like Durham, timing and proper positioning remain the keys to success.

🔮 Quick Verdict

✅ Bottom Line

With steep price drops in 2025, high inventory, and softer demand, November 2025 reinforced a more buyer-favoured market.

If you’re thinking about buying, selling — or just curious where this market is headed — reach out. We’ll help you navigate intelligently and confidently in this evolving real-estate landscape.

👉 Contact us today to get started.

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

Sales hold steady, prices dip, and inventory levels continue to give buyers the upper hand.

By the Numbers: September at a Glance

• Total Sales: 5,211 (+2.3% YoY, –14.6% MoM)

• Average Selling Price: $1,022,143 (–5.2% YoY, –2.8% MoM)

• New Listings: Up 9.4% YoY, down 20.3% MoM

• Active Listings: 27,495 (+22.4% YoY, –9% MoM)

• Sales-to-New Listings Ratio: ~37%

• Days on Market:

  • Property DOM: 41 days

  • Listing DOM: 30 days

• Months of Inventory: ~5 months — favouring buyers

🧠 Top Takeaway:

August showed stable sales but continued price softness, with steady inventory keeping the market tilted in favour of buyers—even as demand remains consistent.

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 Snapshot

📉Economic & Construction Insights

• Bank of Canada Watch: With the next rate decision on September 17, all eyes are on upcoming inflation data to guide policy direction. Opinions vary on whether the central bank will raise or cut its 2.75% rate.

• Building Activity Slowing: New housing starts surged 4% July-over-July overall in Canada, but Ontario continues to lag. Windsor recorded 25% fewer starts in H1 2025 versus 2024—and Toronto’s figures fell dramatically.
  

🏠 What’s Changing — and What’s Not

1. Affordability Still a Focus: Prices are easing YoY, but many buyers still face monthly affordability challenges—even in a more liquid market.
   

2. Inventory Remains Elevated: With five months of supply, buyers have ample choice, though market activity remains measured.
   

3. Construction Slowdown Looms: Decreased housing starts in Ontario may tighten future supply—an important insight for strategic buyers or long-term investors.
   

4. Interest Rate Uncertainty Ahead: Inflation data due mid-September could sway BoC decisions, impacting mortgage cost expectations.

⚖️ Buyers vs. Sellers: What’s the Game Plan?

For Buyers:

• You’ve got room to navigate—no need to rush or overpay.

• Stay informed about rate movements ahead of the September decision.

• Low construction today may mean fewer new choices down the road—act when ready.

For Sellers:

• Price competitively—don’t cut too late chasing correction.

• Professional valuation remain important

• Let’s align your timing with market trends and local dynamics—especially in areas like Durham, where inventory remains balanced.

🔮 Quick Verdict

📞Need a Customized Buying or Selling Strategy?

Whether you’re ready to act or just assessing, now is the time for informed moves. Let’s collaborate to create a strategy tailored to your goals and market timing.

👉 Reach out for a personalized consultation

SOURCES: TRREB, Canadian Mortgage Trends, CMP, Bank of Canada, CBC, Todayville, cmhc-schl.gc.ca, TD Economics, RBC

Sales hold steady, prices dip, and inventory levels continue to give buyers the upper hand.

By the Numbers: September at a Glance

• Total Sales: 5,211 (+2.3% YoY, –14.6% MoM)

• Average Selling Price: $1,022,143 (–5.2% YoY, –2.8% MoM)

• New Listings: Up 9.4% YoY, down 20.3% MoM

• Active Listings: 27,495 (+22.4% YoY, –9% MoM)

• Sales-to-New Listings Ratio: ~37%

• Days on Market:

  • Property DOM: 41 days

  • Listing DOM: 30 days

• Months of Inventory: ~5 months — favouring buyers

🧠 Top Takeaway:

August showed stable sales but continued price softness, with steady inventory keeping the market tilted in favour of buyers—even as demand remains consistent.

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 Snapshot

📉Economic & Construction Insights

• Bank of Canada Watch: With the next rate decision on September 17, all eyes are on upcoming inflation data to guide policy direction. Opinions vary on whether the central bank will raise or cut its 2.75% rate.

• Building Activity Slowing: New housing starts surged 4% July-over-July overall in Canada, but Ontario continues to lag. Windsor recorded 25% fewer starts in H1 2025 versus 2024—and Toronto’s figures fell dramatically.
  

🏠 What’s Changing — and What’s Not

1. Affordability Still a Focus: Prices are easing YoY, but many buyers still face monthly affordability challenges—even in a more liquid market.
   

2. Inventory Remains Elevated: With five months of supply, buyers have ample choice, though market activity remains measured.
   

3. Construction Slowdown Looms: Decreased housing starts in Ontario may tighten future supply—an important insight for strategic buyers or long-term investors.
   

4. Interest Rate Uncertainty Ahead: Inflation data due mid-September could sway BoC decisions, impacting mortgage cost expectations.

⚖️ Buyers vs. Sellers: What’s the Game Plan?

For Buyers:

• You’ve got room to navigate—no need to rush or overpay.

• Stay informed about rate movements ahead of the September decision.

• Low construction today may mean fewer new choices down the road—act when ready.

For Sellers:

• Price competitively—don’t cut too late chasing correction.

• Professional valuation remain important

• Let’s align your timing with market trends and local dynamics—especially in areas like Durham, where inventory remains balanced.

🔮 Quick Verdict

📞Need a Customized Buying or Selling Strategy?

Whether you’re ready to act or just assessing, now is the time for informed moves. Let’s collaborate to create a strategy tailored to your goals and market timing.

👉 Reach out for a personalized consultation

SOURCES: TRREB, Canadian Mortgage Trends, CMP, Bank of Canada, CBC, Todayville, cmhc-schl.gc.ca, TD Economics, RBC