Toronto Real Estate Market — Late 2025 Snapshot

1. Current State of the Market

The Greater Toronto Area (GTA) housing market is cooling. According to data for October 2025, home sales numbered 6,138 — down about 9.5% year-over-year. 

The average selling price across property types is about C$1.05 million, reflecting a decline of roughly 7.2% compared to October 2024. 

The benchmark home price in the GTA is around C$960,300, down about 5% year-over-year. 

2. By Property Type

• Detached homes: Average prices in September 2025 were around C$1.36 million, down ~4.5% vs last year. 
• Semi-detached: About C$1.02 million, down ~6.9% year-over-year. 
• Freehold townhouses: Around C$948,000, down ~3.5% year-over-year. 
• Condo apartments: Average ~ C$655,000, down ~4% year-over-year. 

3. Supply & Demand Trends

Listings are up: In September 2025, active listings in the GTA stood at ~29,394 — about 15% more than a year earlier. 

Sales are rising modestly in some categories even as prices fall, indicating more choice for buyers and slightly waning urgency in purchasing. 

In July 2025, low-rise home sales were up ~16% year-over-year, but prices were still down ~6%. Active listings were up ~38%. 

4. Outlook & What It Means

The market appears to be in a phase of correction and adjustment rather than collapse. Analysts anticipate that average sale prices across all property types may fall by around 4% through the end of 2025, with sales volumes possibly dropping ~5%. 

Affordability remains a key concern: high borrowing costs and elevated price levels continue to dampen buyer sentiment. 

5. Implications for Buyers & Sellers

For Buyers

• More choices: With higher listings and slower price growth, buyers have more room to negotiate.
• Still keep an eye on borrowing costs, as interest rate shifts will affect monthly affordability.
• Consider property type: condos have seen more substantive price drops, offering entry opportunities (but also more risk relative to low-rise).

For Sellers

• Expect less upward price momentum than in past years. A realistic pricing strategy will be important.
• Highlight unique value (location, condition, amenities) to stand out in a more competitive environment.
• Timing matters: those who must sell may need to accept longer time-on-market or price concessions.

6. Final Thoughts

Toronto’s housing market is not booming as it once was, but neither is it collapsing. It’s shifting into a more balanced phase: slower price growth, more supply, and more cautious buyers. For those engaged in real estate (whether as investor, homeowner, or agent), the new normal calls for strategic patience, clear value propositions, and flexibility in expectations.