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📍 Toronto Real Estate Market Report — October 2025

Posted on November 17, 2025 by Sami Chowdhury

Introduction: Toronto’s Market Has Shifted Into True Balance

The Toronto housing market in October 2025 reflects a major structural shift. After years of rapid appreciation and overheated bidding wars, the city has now entered a balanced-to-buyer-leaning market. Higher inventory, slower sales, increased days on market, and rate-sensitive buyers have reshaped the landscape.

According to the Toronto Regional Real Estate Board (TRREB):

6,138 GTA sales in October 2025 (–9.5% YoY)
16,069 new listings (+2.7% YoY)
Average GTA price: $1,054,372 (–7.2% YoY)
SNLR: ~38% (buyer-leaning)

Interest rates are providing some relief. The Bank of Canada lowered the overnight rate to 2.25% on Oct 29, but buyers remain cautious due to economic uncertainty.

Toronto Market Snapshot (October 2025)

Sales Down, Listings Up, DOM Rising

Across the city:

Sales activity slowed compared to last year
New listings increased noticeably
Condos and freeholds stayed on market longer
Days on Market (DOM) in many neighborhoods range from 30 to 70 days

This means buyers now hold more negotiation power, while sellers must be strategic with pricing and presentation.

Toronto Freehold Market Overview

Detached Homes — Most Affected by Rate Sensitivity

Detached homes saw the biggest price softening:

Higher inventory
Tighter buyer budgets
DOM often 40–70 days
Price adjustments in most districts compared to 2024

Detached segments in Willowdale, Leaside, Etobicoke, and midtown show the most noticeable year-over-year corrections.

Semi-Detached Homes — Still Stable With Predictable Demand

Semi-detached homes continue to hold value:

DOM: 25–45 days
Popular with families moving up but staying in Toronto
Strong demand in East York, Danforth, Leslieville, Corso Italia, and The Beaches

These homes offer a middle ground between affordability and space.

Townhomes — Strong Appeal in 2025

Townhouses remain attractive for couples and young families:

DOM: 30–50 days
Stable demand in Liberty Village, Junction Triangle, Downsview, and Scarborough Bluffs
Balanced market behaviour with moderate price adjustments

Toronto Condo Market (416 Market Report)

Condo Prices Moderately Lower, But Stable

Condo prices have softened gently from 2024 levels:

YoY condo price movement: typically –4% to –6%
Benchmark condo values down slightly
Inventory higher in investor-heavy neighborhoods

Despite this, condos remain the most accessible ownership option in Toronto.

Condo DOM Increasing, Boosting Buyer Power

Typical condo DOM:

Downtown: 30–50 days
North York: 35–60 days
Etobicoke Waterfront: 40–70 days
Scarborough: 30–55 days

Buyers now have time to compare units, review reserve funds, evaluate fees, and negotiate.

Investor Behaviour in 2025

Investors are still active, but much more careful:

Strict cash-flow calculations
Avoiding high-fee buildings
Targeting high-demand rental nodes
Selectively pursuing assignments in softened buildings

Popular investment pockets:

Downtown core
York University area
U of T / TMU
Scarborough Town Centre
Humber College Lakeshore

Toronto Neighborhood-Level Market Breakdown

Downtown Toronto (C01 & C08)

Trend: High inventory, stable prices, slower sales.

Typical numbers:

Condo DOM 30–50 days
Price adjustments aligned with GTA trends (~3–6% down YoY)
Strong supply in CityPlace, Fort York, Waterfront, St. Lawrence

Midtown Toronto (Yonge–Eglinton, Davisville, Leaside)

Trend: Freeholds slower; condos steady.

Detached DOM: 40–60 days
Semis: 25–40 days
Condos remain popular thanks to transit and local amenities

Luxury listings (over $2.5M) show the slowest turnover.

North York (C06, C07, C14, C15)

Trend: Condo-driven market with freehold corrections.

Yonge corridor condos DOM: 35–60 days
Detached homes require sharper pricing
Bayview Village shows elevated inventory

North York remains a strong long-term value play with transit expansion.

East York / Danforth / Leslieville

Trend: Semi-detached and townhomes outperform detached.

Semis DOM: 20–35 days
Towns DOM: 25–45 days
Detached DOM: 35–55 days

Demand remains strong for renovated, move-in-ready homes.

Scarborough (Brief Overview)

(Full Scarborough blog coming later)

Trend: Strong condo demand; detached softening.

Condo DOM: 30–55 days
Detached DOM: 40–65 days
High demand in Agincourt, Wexford, Eglinton East

West Toronto (Bloor West, Junction, High Park, Roncesvalles)

Trend: Stable, steady freehold demand.

Semis DOM: 20–40 days
Detached DOM: 35–60 days

Quality listings still attract multiple offers, but bidding is more controlled.

Etobicoke (W06 / W07)

Trend: Strong freehold value; mixed condo performance.

Waterfront Condos (Mimico / Humber Bay Shores)

DOM: 40–70 days
Prices aligned with GTA condo declines
Higher investor concentration = more negotiation room
Supply remains elevated

Mimico / Humber Bay (Non-Waterfront Resale)

DOM: 30–55 days
Buyers comparing older, larger condos with newer small-unit towers

Freeholds (Markland Wood, Eatonville, Islington)

DOM: 25–50 days
Prices more resilient due to family-oriented nature of neighborhoods
Larger lots, good schools, and stable demand make this a value pocket

Market Outlook for 2026

Toronto is expected to remain:

Stable, not volatile
Supported by declining interest rates
Influenced by slower economic growth
Driven by immigration & rental pressure

A supply shortage could appear again in 2027–2028 due to fewer new construction starts.

Buyer & Seller Strategies for 2025–2026

For Buyers

Negotiate confidently
Use inspections and financing conditions
Prioritize neighborhoods with rising inventory
Compare multiple buildings before choosing
Consider “stale listings” (40–90+ DOM) for price drops

For Sellers

Price realistically based on today’s data
Stage professionally (non-negotiable in 2025)
Invest in high-quality marketing
Monitor competing listings weekly
Be flexible on closing dates or incentives

References

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