OCTOBER 2025 UPDATE: GTA & DURHAM REGION REAL ESTATE MARKET
October brought cooler conditions across the Greater Toronto Area as sales dipped and listings edged higher. Buyers continued to benefit from softer prices and lower borrowing costs, while sellers adjusted to a more competitive fall market environment.
GTA Market Insights
GTA REALTORS® reported 6,138 home sales in October 2025, down 9.5% compared to October 2024. New listings rose modestly year-over-year to 16,069 (↑ 2.7%), continuing the trend of increased supply relative to demand.
The average selling price reached $1,054,372, down 7.2% from last year, while the MLS® HPI Composite benchmark fell 5%. On a month-over-month, seasonally adjusted basis, both sales and new listings declined from September, reflecting a typical fall slowdown. The average price also eased slightly, though mortgage costs trended lower due to earlier rate cuts.
With affordability gradually improving, confident buyers are re-entering the market—often negotiating favourable terms amid abundant inventory.
Durham Region Market Highlights
Durham saw mixed results in October: average prices declined, but sales activity jumped nearly 49% month-over-month, reflecting renewed buyer interest following September’s rate cut. Despite price softness, well-positioned listings continued to move.
Key Metrics – Durham Region (October 2025):
Average Sale Price: $851,764 (↓ 2.98% from September)
Days on Market: 29 (no change)
Sales: 1,050 (↑ 48.51%)
New Listings: 1,792 (↓ 13.93%)
Average SP/LP Ratio: 99% (↑ from 98%)
Area Breakdown
Oshawa
Avg. Price: $727,481 (↓ 1.81%)
Sales: 177 (↑ 2.31%)
New Listings: 466 (↓ 10.73%)
Whitby
Avg. Price: $938,360 (↓ 0.43%)
Sales: 139 (↑ 13.01%)
New Listings: 345 (↓ 15.44%)
Ajax
Avg. Price: $905,039 (↑ 0.08%)
Sales: 102 (↑ 0.99%)
New Listings: 196 (↓ 19.34%)
Pickering
Avg. Price: $886,908 (↓ 5.22%)
Sales: 121 (↑ 9.01%)
New Listings: 296 (↓ 15.67%)
Clarington
Avg. Price: $793,144 (↓ 3.67%)
Sales: 107 (↓ 16.41%)
New Listings: 330 (↑ 1.23%)
What’s Driving the Market?
Buyer Confidence: Lower mortgage rates and stable employment are helping buyers re-enter the market.
Negotiating Leverage: Continued price softness and ample listings are creating buyer-friendly conditions.
Seasonal Shifts: Fall activity moderated slightly after September’s rebound, consistent with historical patterns.
Price Adjustment: Average prices dipped across most Durham communities, maintaining affordability advantages over the broader GTA.
Looking Ahead
For Buyers:
Improving affordability and a wide range of listings make this an opportune time to purchase. Buyers who act now can secure favourable terms before potential competition increases in 2026.
For Sellers:
While the market favours buyers, properly priced and well-presented homes continue to sell. Strategic pricing remains the key to attracting offers in this competitive landscape.
Bottom Line:
October reinforced a balanced-to-buyer-leaning market across the GTA and Durham Region. Lower mortgage rates are gradually supporting renewed buyer activity, while motivated sellers continue to find success with the right approach and strategy.
Stats provided by TRREB & Independent Reporting Company RE Stats Inc. Information is deemed reliable but not guaranteed and may vary by 2.5%.
Posted by Dan Plowman on
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