September’s
rate cut sparked optimism, leading to a rise in new listings in
October. However, buyer demand hasn’t kept pace, with many homes
lingering due to pricing mismatches.
TRREB
reported 6,138 sales in October 2025 — down 9.5% year-over-year — while
new listings rose 2.7% to 16,069, highlighting growing supply.
The
Bank of Canada’s consecutive rate cuts aim to restore confidence and
affordability. While this may gradually draw buyers back, recovery is
expected to be slow. Those with stable finances are best positioned to
benefit, though caution remains amid broader economic uncertainty.
Freehold Market Trends
Freehold
performance varies widely by location. Some areas see bidding wars,
others face slower sales. Broad market summaries often miss these
nuances — buyers who focus on local data and work with experts will find
better opportunities.
Condominium Market Dynamics
Pre-Construction Market
Developers
face high inventory and limited launches. Over 22,000 units remain
unsold, with 18 projects cancelled and 20 more at risk. Construction is
at its lowest since 2017, setting the stage for future supply shortages
and price increases within two years.
Condo Resale Market
Resale
condos show stability, with six months of inventory offering buyers
more choice. Prices average $768/sq ft — a 22% drop from 2022. The 905
Region saw an 8.6% decline, compared to 6.1% in Toronto.
Recap and Looking Ahead
October
reflects a market in transition. Listings are up, but buyer hesitation
persists. Rate cuts and seasonal slowdown create opportunities for
strategic moves.
Buyers with financial confidence can enjoy less competition and better deals.
Sellers may benefit from listing now before spring inventory surges.
While
recovery will be gradual, stabilizing policy and improving global
relations suggest a stronger foundation heading into 2026.
