In October 2025, Greater Toronto Area (GTA) home sales fell 9.5% year-over-year to 6,138, while new listings rose 2.7% to 16,069. The average selling price declined 7.2% to $1,054,372, and the MLS® Home Price Index dropped 5%. Both sales and prices were also slightly down from September.
TRREB officials noted that lower mortgage rates and prices are making homes more affordable for financially secure buyers, but many remain cautious due to economic uncertainty. They expect sales to rise once economic stability improves, particularly around trade with the U.S. and China. TRREB urged governments to support housing supply through tax reforms, reduced buyer costs, and zoning changes to address population growth and boost construction.
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