Real Estate Market October 2025

06 Nov Real Estate Market October 2025

Your October 2025 real estate market update is here! Covering Toronto, Oakville, Burlington, Hamilton and the surrounding areas.

Highlights of the real estate market from TREBB and RAHB

“Home sales in the Greater Toronto Area (GTA) were down year-over-year in October, while new listings were up. Market conditions continued to favour homebuyers, as average selling prices were negotiated down alongside lower mortgage rates.

“Buyers who are confident in their employment situation and ability to make their mortgage payments over the long term are benefiting from affordable housing market conditions relative to the past few years. However, many intending homebuyers remain on the sidelines due to uncertainty about their economic future,” said TRREB President Elechia Barry-Sproule.

GTA REALTORS® reported 6,138 home sales through TRREB’s MLS® System in October 2025 – down by 9.5% compared to October 2024. New listings entered into the MLS® System amounted to 16,069 – up by 2.7% year-over-year. On a seasonally adjusted basis, October home sales were down month-over-month compared to September 2025. New listings were also down compared to September. The MLS® Home Price Index (MLS® HPI) Composite benchmark was down by 5% year-over-year in October 2025. The average selling price, at $1,054,372, was also down by 7.2% compared to October 2024. On a month-over-month seasonally adjusted basis, the MLS® HPI Composite was essentially flat compared to September. The average selling price was down compared to September.”

Over in Hamilton/Burlington – “In October, a total of 757 homes sold across Hamilton, Burlington, Haldimand County, and Niagara North through the Multiple Listing Service® (MLS®) System of the Cornerstone Association of REALTORS® (Cornerstone). This figure represents only 16 fewer sales than the previous month; however, it is 34% below the typical levels expected for October.

“Persistently high supply levels compared to sales have put downward pressure on home prices this month,” says Nicolas von Bredow, Cornerstone spokesperson for the Hamilton-Burlington market area. “Many were hopeful that the recent policy rate cut from the Bank of Canada would attract more buyers; however, slowing economic conditions and a decrease in migration are likely continuing to weigh on confidence in the market.”

The number of new listings also decreased in October, with 1,778 listings added. This led to an improved sales-to-new listings ratio of 43% compared to the previous month, helping to prevent further inventory gains. While inventories eased compared to last month, the overall supply remained steady at five months. In October, the unadjusted benchmark price was $747,200, which is similar to the price from last month and 9% lower than the same period the previous year.”

Questions about buying or selling? Reach out anytime, I’d be happy to discuss the market with you!

All the latest home prices and statistics by property type and city below!

Sources for Real Estate Market Update for October 2025 : Toronto Regional Real Estate Board and Cornerstone Association of REALTORS®