GTA Market Snapshot – October 2025
The latest update from the Toronto Regional Real Estate Board (TRREB) shows that home sales in the Greater Toronto Area (GTA) were down year-over-year in October, while new listings were up. Toronto Regional
What this means: More homes are available, buyers have more choice, and with borrowing costs declining again in October, the market continues to shift in favour of buyers — and that’s been showing up in negotiated selling prices across the TRREB Regions.
Across the GTA
Here’s a breakdown of how various property types are performing:
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Detached homes: down 7.4% from last year or $107,000 lower
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Semi-detached homes: down 6.7% or $74,606
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Town homes (freehold): down 7.2% or $72,375
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Condo towns : down 6.4% or $50,704
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Condo apartments: down 4.9% or $33,800 lower
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Detached homes represented 46.5% of all sales; condos 33.0% of sales
These figures give a useful “big picture” but remember: averages hide a lot of variation. Property mix (type, size, price point), regional buyer interest and inventory levels vary widely across the GTA — that’s why local differences matter so much.
Toronto: A Condo-Heavy Market
In the city of Toronto:
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Total sales in October: 2,351
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Detached homes sold: 747 units, average price $1,619,047 — down 9.0% year-over-year ($159,808)
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Semi-detached: 263 units, average $1,219,254 — down 7.3% ($96,293)
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Town Homes: 86 units, average $1,122,163 — down 10.1% ($125,874)
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Condo Towns: 164 units, average $769,290 — down 9.8% ($83,850)
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Condo Apartments: 1,072 units (45.6% of all Toronto sales), average $699,241 — down 3.1% ($22,125)
Toronto also has the region’s largest inventory of condo-apartments on the market ( 5,775 units), representing 55.8% of all listings in the city. Because condo apartments make up such a large share of Toronto’s market, their relatively smaller price decline helps “pull up” the GTA average. This means the GTA numbers are being influenced heavily by Toronto’s condo story — which makes comparing to other regions a bit misleading unless you drill down further.
Durham Region: A Detached-Driven Market
In contrast, the Durham Region market tells a very different story:
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Total sales in October: 715
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Detached homes: 459 units ( 64.2% of all sales), average $951,184 — down 3.5% ($34,207)
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Semi-detached: average $721,678 — down 2.8% ($21,000)
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Town Homes: average $757,728 — down 6.8% ($55,339)
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Condo Towns: average $614,102 — down 3.8% ($24,909)
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Condo Apartments: 51 units (7.1% of sales), average $503,404 — down 8.1% ($44,218)
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Active listings: 2,571 total, with 65.6% being detached homes
What jumps out: Detached homes in Durham are holding up much better (just 3.5% drop) compared with Toronto’s detached (9.0% drop). Meanwhile, condo apartments in Durham are experiencing a larger drop (8.1%) compared with Toronto’s condo drop (3.1%). These variances give a strong reminder that two markets only ~1 hour apart can behave very differently — largely because of different inventory mix, demand dynamics and typical buyer profiles.
️ What It Means Right Now
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On average, homes that sell are taking roughly 50 days to find a buyer — indicating a slower pace than the peak years.
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For buyers: More choice, more negotiating leverage, and an opportunity to be selective.
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For sellers: The game is different than a few years ago. Success depends on realistic pricing, excellent presentation (staging/photography), and strong marketing — especially in segments where inventory is high and competition is real.
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Keep an eye on macro-factors: further interest-rate cuts by the Bank of Canada could spark more activity. Also, local supply and buyer demand in each neighbourhood will drive outcomes more than the regional average.
Bottom Line
Real estate is hyper-local.
While the GTA average gives helpful context, it masks important differences: Toronto’s condo-heavy market behaves one way; Durham’s detached-heavy market behaves another. If you’re buying or selling — the key is to focus on your specific neighbourhood, your property type, and what the local buyer pool is doing — not just the big regional numbers.
Want a deeper dive?
We would love to help you examine your specific area — what’s happening right now, what comparable homes are selling for, and where the opportunities are.
Just contact us and we’ll tailor the data to your neighbourhood and strategy.