The Market in a Minute! October 2025 Inventory Surges. Prices Stall. What’s Your Play?
The market finally got a little jolt of energy in September. Sales jumped 8.5% year-over-year, with 5,592 homes changing hands across the GTA. The difference was lower borrowing costs. After the Bank of Canada’s September rate cut, buyers who’d been sitting on the sidelines started showing up again, armed with fresh pre-approvals and a bit more optimism.
Listings didn’t flood in the way they did earlier this summer. New listings rose just 4% year-over-year, while active listings dipped slightly from August—a sign that inventory may have peaked for now. That’s giving well-priced homes more attention and helping certain pockets of the market tighten up again.
Prices are still lower than last year—the average selling price landed at $1,059,377, down 4.7%—but month-to-month, they’ve held steady. Detached homes in the 905 are holding their ground, while downtown condos continue to face pushback from cautious investors and higher supply.
The big question now is whether momentum will build. The Bank of Canada has hinted that more rate cuts could come before year-end. If that happens, expect a faster pickup in demand and a shorter window for buyers to capitalize on softer prices.
