GTA Real Estate Market October 2025
GTA Real Estate Market October 2025 – Insights from Team Kalia
Buyers Regain Confidence as Home Prices and Mortgage Rates Ease
As per TRREB’s October Market Watch Report, the Greater Toronto Area (GTA) housing market in October 2025 continued to favour buyers, with lower home prices and improved affordability supported by easing mortgage rates. While sales activity slowed compared to last year, motivated buyers with stable incomes are finding excellent opportunities in today’s market.
Fewer Sales, More Listings
According to the Toronto Regional Real Estate Board (TRREB), GTA REALTORS® reported 6,138 home sales through the MLS® System in October 2025 — a 9.5 % decline from October 2024. At the same time, new listings rose by 2.7 % to 16,069, expanding options for buyers and increasing overall inventory.
On a seasonally adjusted basis, both sales and new listings were slightly lower compared to September, showing a calmer market pace as we move deeper into the fall season.
Prices Continue to Adjust
The MLS® Home Price Index (HPI) Composite benchmark fell 5 % year-over-year, and the average selling price for all home types across the GTA settled at $1,054,372, down 7.2 % from October 2024.
Month-over-month, the HPI remained relatively flat, while the average price dipped modestly from September. This combination of lower prices and easing borrowing costs has improved overall affordability for many buyers who were previously priced out of the market.
Affordability Improves for Qualified Buyers
As per TRREB, the monthly mortgage payment for an average-priced GTA home continued to trend lower in October thanks to declining rates and moderating prices. Buyers who are confident in their employment situation and long-term affordability are benefitting from more accessible market conditions compared to the past few years.
However, many potential buyers remain cautious amid ongoing economic uncertainty, choosing to wait for more clarity around inflation, interest rates, and global trade conditions.
Call for Policy Support and Construction Innovation
As per TRREB, housing remains a vital part of Ontario’s economic infrastructure. To address supply challenges and restore buyer confidence, TRREB continues to advocate for modernized tax policies, reduced buyer costs, and reforms to exclusionary zoning.
With Ontario’s population continuing to grow, greater innovation and private investment will be key to delivering the range of homes needed across the province.
What This Means for Buyers and Sellers
After several years of rapid price swings, the market is showing signs of stabilization. As interest rates level off and economic confidence improves, demand is expected to strengthen into 2026. For now, buyers enjoy a favourable window of opportunity, and sellers benefit from realistic pricing and strong marketing.
Thinking of Buying or Selling in the GTA?
Whether you’re planning to upsize, downsize, or invest, our local expertise across Mississauga, Oakville, Milton, Brampton, and the broader GTA ensures you receive honest advice and proven results.
Key Insights for Buyers and Sellers
Buyers: Current conditions represent one of the lowest markets in recent years. With more listings available and prices stabilizing, qualified buyers can negotiate better terms and find homes that fit both their needs and budgets. Prospective home buyers now enjoy improved affordability with lower borrowing costs and adjusted prices. The resale condo market, in particular, offers value compared to smaller new-builder units.
Sellers: For home sellers, while prices are softer, well-presented homes that are staged, priced strategically, and marketed effectively continue to attract strong offers. Working with an experienced REALTOR® like Team Kalia RE/MAX can help you navigate today’s market and maximize your sale potential.
Investors: Real estate investors have opportunities in select neighbourhoods where rental yields are improving as buying activity resumes. Call Team Kalia at 905-339-5111 or Request Your Free Home Evaluation in the form below to get started!
Team Kalia’s Take on the Market
Team Kalia observes that affordability in Mississauga has improved considerably compared to the 2021–2022 boom years. The average home price near $1 million combined with declining interest rates means that many households can now achieve ownership at similar or slightly lower monthly payments than during the ultra-low rate era, thanks to the price correction.
With potential for additional rate cuts before year-end, Mississauga and the GTA could move from stabilization to gradual recovery, especially across family-oriented neighbourhoods like Erin Mills, Meadowvale, and Churchill Meadows.
Contact Team Kalia
If you’re thinking of buying, selling, or investing in Mississauga or nearby areas, reach out to Team Kalia, RE/MAX for trusted local advice and market insights.
Check out our listings!
2 BR Grande Mirage Condo For Sale
3 BR Hamilton Townhouse For Sale
3+1 BR Oakville Detached Home For Lease
2+1 BR Watergarden Condo For Lease
2 BR Oakville Townhome For Lease
Bargain Assignment Condo Sale
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Learn more about: Assignment Sale in Mississauga.
GTA Real Estate Market October 2025 Stats
| Average Home Prices by City October 2025 | ||||
| Detached | Semi Detached | Condo Townhouse | Condo Apartment | |
| Burlington | $1,242,975 | $900,571 | $742,481 | $672,811 |
| Milton | $1,260,277 | $957,800 | $679,857 | $583,813 |
| Oakville | $1,768,562 | $1,159,767 | $801,167 | $579,454 |
| Brampton | $1,064,920 | $817,063 | $605,607 | $431,579 |
| Mississauga | $1,359,014 | $911,974 | $733,475 | $530,793 |
| City of Toronto | $1,619,047 | $1,219,254 | $769,290 | $699,241 |
2022-2026 GTA Monthly Home Sale Stats as per TRREB Reports
| Avg. Home Price | Home Sales | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2023 | 2024 | 2025 | 2026 | 2022 | 2023 | 2024 | 2025 | 2026 | ||||||
| Jan | $1,242K | $1,037K | $1,028K | $1,041K | $973K | 5,594 | 3,082 | 4,308 | 3,821 | 3,082 | |||||
| Feb | $1,334K (Peak) | $1,096K | $1,114K | $1,086K | 9,027 | 4,754 | 5,792 | 4,128 | |||||||
| Mar | $1,298K | $1,107K | $1,125K | $1,090K | 10,861 | 6,867 | 6,741 | 4,959 | |||||||
| Apr | $1,250K | $1,152K | $1,155K | $1,106K | 7,940 | 7,487 | 7,301 | 5,558 | |||||||
| May | $1,210K | $1,195K | $1,167K | $1,121K | 7,226 | 8,959 | 7,205 | 6,201 | |||||||
| Jun | $1,145K | $1,181K | $1,164K | $1,102K | 6,422 | 7,429 | 6,397 | 6,203 | |||||||
| Jul | $1,072K | $1,116K | $1,113K | $1,051K | 4,868 | 5,219 | 5,498 | 6,069 | |||||||
| Aug | $1,093K | $1,082K | $1,077K | $1,021K | 5,585 | 5,251 | 5,092 | 5,196 | |||||||
| Sep | $1,086K | $1,118K | $1,112K | $1,059K | 4,998 | 4,605 | 5,155 | 5,592 | |||||||
| Oct | $1,087K | $1,123K | $1,135K | $1,054K | 4,929 | 4,611 | 6,784 | 6,138 | |||||||
| Nov | $1,079K | $1,077K | $1,110K | $1,039K | 4,507 | 4,194 | 5,948 | 4,997 | |||||||
| Dec | $1,050K | $1,084K | $1,060K | $1,006K (Bottom) | 3,090 | 3,419 | 4,058 | 3,697 | |||||||
| Annual | $1,190K | $1,126K | $1,120K | $1,067K | $973K | 75,047 | 65,877 | 70,279 | 62,433 | 3,082 | |||||
Year-Over-Year Summary (October Comparison)
| GTA | 2025 | 2024 | %age change |
|---|---|---|---|
| Sales (All Home Types) | 6,138 | 6,784 | -9.5% |
| New Listings | 16,069 | 15,646 | 2.7% |
| Active Listings | 27,808 | 23,722 | 17.2% |
| Average Price | $1,054,372 | $1,135,694 | -7.2% |
| Average LDOM | 31 | 27 | 14.8% |
| Average PDOM | 50 | 43 | 16.3% |
Average Listing Days on Market (Avg. LDOM) refers to the average number of days sold listings were on the market. Average Property Days on Market (Avg. PDOM) refers to the average number of days a property was on the market before selling, irrespective of whether the property was listed more than once by the same combination of seller and brokerage during the original listing contract period.
| 5 Year GTA Sales & Avg Price Chart | ||
|---|---|---|
| Year | Sales | Avg Price |
| 2019 | 87,747 | $819,153 |
| 2020 | 95,066 | $929,636 |
| 2021 | 121,712 | $1,095,475 |
| 2022 | 75,047 | $1,190,749 |
| 2023 | 65,936 | $1,126,591 |
| 2024 | 67,610 | $1,117,600 |
| 2025 (YTD) | 53,813 | $1,074,978 |
Year over Year Transactions
Month over Month Transactions
Year over Year Avg Price
Month over Month Avg Price
Year over Year Listings
Year over Year Days on Market
