October 2025– GTA Housing Market News

Here is our quick market update!

🏡 GTA Housing Market Update – October 2025

Buyer-Friendly Conditions Continue Amid Economic Uncertainty

The Greater Toronto Area (GTA) housing market remained tilted in favour of buyers in October, as home sales declined year-over-year while new listings edged higher. With lower borrowing costs and increased inventory, motivated buyers were able to negotiate more favourable prices across many market segments.

“Those who feel confident about their job stability and long-term financial outlook are benefiting from improved affordability,” said TRREB President Elechia Barry-Sproule.
“However, uncertainty about the broader economy continues to keep some would-be buyers on the sidelines.”

📊 October 2025 Market Highlights

• 6,138 home sales
  🔻 Down 9.5% vs. October 2024

• 16,069 new listings
  🔺 Up 2.7% year-over-year

• Average selling price: $1,054,372
  🔻 Down 7.2% year-over-year

• MLS® Home Price Index Composite Benchmark:
  🔻 Down 5.0% year-over-year

On a seasonally adjusted basis, both home sales and new listings declined slightly month-over-month. Price trends remained stable overall, with the MLS® Home Price Index largely flat and the average selling price showing a modest monthly dip.

💬 Insights from TRREB Experts

“Monthly mortgage payments for an average-priced GTA home have continued to trend lower,” said Jason Mercer, TRREB’s Chief Information Officer.
“This is being driven by both reduced borrowing costs and softer prices—making ownership more attainable for many households. Once confidence returns around trade relations with the U.S. and China, we expect home sales to pick up.”

🏗️ Building Confidence Through Housing Investment

Beyond short-term market movements, TRREB CEO John DiMichele emphasized the critical role of housing in driving economic growth and community resilience:

“Housing is essential economic infrastructure,” DiMichele noted.
“As our population grows, we need innovation and private investment to accelerate construction across all housing types. Governments can support this by modernizing tax rules, reducing buyer costs, and eliminating exclusionary zoning. Rebuilding market confidence today means creating jobs and delivering the homes Ontarians urgently need.”

🏠 Takeaway for Buyers and Sellers

• For Buyers: Lower prices and borrowing costs have improved affordability, making it a strong environment for those ready to purchase with long-term confidence.

• For Sellers: While price competition remains, serious buyers are active—especially for well-priced, move-in-ready homes.

Bottom Line:
With affordability steadily improving and interest rates easing, the GTA market is poised for renewed activity once economic uncertainty subsides. Buyers who act strategically in today’s market may find meaningful long-term value.

All in all, it’s a market that favors buyers, but things can still move fast if the property hits the right price point. If you’re curious about what all this means for your home or area specifically, feel free to get in touch — we’re always happy to help.

Milton Real Estate Market

The average price in Milton $1,026,445

Burlington Real Estate Market

The average price in Burlington $991,062

Oakville Real Estate Market

The average price in Oakville $1,361,258

 

Have questions about the market? Contact us today to learn more!

Previous Reports on GTA Housing Market News

 May  June July August September

Top 5 Things Every Homebuyer Should Check Before Making an Offer

Purchasing a home is one of the most exciting—and significant—financial decisions you’ll ever make. Whether you’re a first-time buyer or looking for your next property, it’s easy to get caught up in the excitement of finding “the one.”

However, before you make an offer, it’s crucial to take a step back and ensure you’ve examined all the important details. A thorough review can help you avoid unexpected costs, stressful surprises, and potential buyer’s remorse down the road.

Here are the top five things every homebuyer in Canada should check before making an offer.

1. The Property’s Condition and Structure

Before you commit to buying a home, always assess its overall condition and structural integrity. What may look perfect on the surface could hide expensive problems beneath.

Hire a licensed home inspector to evaluate the foundation, roof, plumbing, electrical systems, heating, and insulation. An inspection can uncover issues such as water damage, mold, or outdated wiring—problems that could cost thousands to repair later.

Tip: Even newer homes can have hidden defects. Always include a home inspection contingency in your offer to protect yourself.

2. The Location and Neighborhood

In real estate, location truly is everything. Before making an offer, spend time exploring the neighborhood and understanding its long-term potential.

Check factors like:

• Proximity to schools, hospitals, parks, and public transit

• Safety and noise levels

• Upcoming infrastructure projects or zoning changes

• Local market trends and property value appreciation

A home’s location affects not only your daily lifestyle but also your property’s resale value. In fast-growing Canadian markets like Toronto, Calgary, and Vancouver, choosing the right neighborhood can make a major difference in long-term investment returns.

3. The Price and Market Value

Before placing an offer, ensure the property is priced fairly compared to others in the area. Research recent comparable sales (comps) to see if the asking price aligns with market trends.

Your real estate agent can help you analyze market data and assess whether the property is underpriced, fairly valued, or overpriced. Overpaying can affect your mortgage approval and long-term equity growth.

Tip: If the home has been on the market for a while, there may be room for negotiation—especially if similar homes are selling for less.

4. The Costs Beyond the Purchase Price

When budgeting for a home, many buyers focus solely on the listing price. However, there are several hidden costs that can significantly impact affordability.

Be sure to factor in:

• Property taxes and potential annual increases

• Home insurance and maintenance expenses

• Closing costs (legal fees, land transfer taxes, title insurance, etc.)

• Condo fees or homeowners association (HOA) dues (if applicable)

Understanding the full financial picture ensures you’re prepared and avoids surprises after closing.

5. The Title and Legal Documentation

Before finalizing your offer, have your real estate lawyer review the property’s legal documentation. This includes the title deed, property survey, and any registered easements or encumbrances.

A clear title ensures there are no ownership disputes, liens, or boundary issues that could cause legal complications later. In the case of condominiums, review the status certificate to understand the building’s financial health and management details.

Bonus Tip: Don’t Rush the Process

In Canada’s fast-paced housing market, it’s tempting to make a quick offer—especially when multiple bids are involved. However, moving too fast can lead to costly oversights.

Take your time to review every detail, consult with your real estate agent and lawyer, and make an informed decision. A careful, well-researched offer can help you secure not just a home, but the right home.

Conclusion

Buying a home in Canada is both an emotional and financial milestone. By carefully checking these five key factors—condition, location, price, costs, and legal documentation—you can move forward confidently, knowing your investment is sound.

Remember, a great deal isn’t just about the price; it’s about peace of mind and long-term value.

🍓 Strawberry-Rhubarb Crunch (or Pie)

🕒 Prep Time: 20 minutes

⏱️ Cook Time: 45–50 minutes

🍽️ Servings: 6–8

🧺 Ingredients

For the Fruit Filling:

• 3 cups fresh rhubarb, chopped into ½-inch pieces

• 2 cups fresh strawberries, hulled and halved

• ¾ cup white sugar

• 2 tbsp all-purpose flour (or cornstarch, for thickening)

• 1 tsp vanilla extract

• 1 tbsp lemon juice (optional, enhances brightness)

For the Crunch Topping:

• 1 cup rolled oats

• ¾ cup brown sugar, packed

• 1 cup all-purpose flour

• ½ cup cold butter, cut into cubes

• ½ tsp cinnamon (optional)

• Pinch of salt

(If making a pie instead of a crunch, add one unbaked 9-inch pie crust.)

👩‍🍳 Instructions

1. Prepare the Fruit Filling

1. Preheat your oven to 350°F (175°C).

2. In a large bowl, combine rhubarb, strawberries, sugar, flour, vanilla, and lemon juice.

3. Stir gently until all fruit is coated and the mixture looks glossy.

2. Make the Crunch Topping

1. In another bowl, mix oats, brown sugar, flour, cinnamon, and salt.

2. Add cold butter cubes. Use your fingers or a pastry cutter to blend until crumbly and coarse.

3. Assemble

• For Crunch:

  1. Spread half of the oat mixture on the bottom of a greased 8×8-inch baking dish.

  2. Spoon the fruit mixture evenly over the base.

  3. Sprinkle the remaining oat mixture on top.

• For Pie:

  1. Line your pie dish with the crust and spoon in the fruit filling.

  2. Sprinkle the oat topping evenly over the fruit.

4. Bake

• Bake for 45–50 minutes, or until the top is golden and the fruit is bubbling at the edges.

5. Cool & Serve

• Let it cool for at least 15–20 minutes before serving.

• Delicious warm or chilled — try it with a scoop of vanilla ice cream or whipped cream! 🍦

🍁 Tips (Canadian Twist!)

• Add 1 tbsp maple syrup to the fruit mix for a true Canadian flavor.

• Use frozen strawberries/rhubarb if out of season — just thaw and drain excess liquid first.

• Want it less sweet? Reduce both sugars by 2–3 tablespoons.

September 2025– GTA Housing Market News

Here is our quick market update!

🏡 GTA Housing Market Update – September 2025

Rate Cut Boosts Buyer Confidence as Sales Rise Year-Over-Year

The Greater Toronto Area (GTA) housing market saw a healthy increase in sales this September compared to a year ago, as more buyers took advantage of improved affordability and lower monthly mortgage payments. With abundant inventory across the region, buyers continued to negotiate on price, keeping average selling values slightly lower than last year.

“The Bank of Canada’s September rate cut was welcome news for homebuyers,” said TRREB President Elechia Barry-Sproule.
“Lower borrowing costs are allowing more households to afford homes that meet their needs. Rising sales will also help stimulate the broader economy through increased housing-related spending—offsetting some of the ongoing challenges tied to trade uncertainty.”

📊 September 2025 Market Highlights

• 5,592 home sales
  🔺 Up 8.5% year-over-year

• 19,260 new listings
  🔺 Up 4% year-over-year

• Average selling price: $1,059,377
  🔻 Down 4.7% vs. September 2024

• MLS® HPI Composite Benchmark:
  🔻 Down 5.5% year-over-year

On a seasonally adjusted basis, home sales rose month-over-month compared to August 2025, while new listings declined. This shift suggests a slight tightening in some market segments as buyers absorbed more available supply.

💬 Market Insight from TRREB Experts

“While sales activity has improved notably over the past year, it still sits below long-term norms when measured against the size of the GTA’s household base,” said TRREB Chief Information Officer Jason Mercer.
“Two additional quarter-point rate cuts by the Bank of Canada would bring monthly mortgage payments more in line with average household incomes, further encouraging buyer activity and supporting broader economic growth.”

🏠 What This Means for Buyers and Sellers

• For Buyers: Lower interest rates and steady prices present renewed opportunities to enter the market with more affordable monthly payments.

• For Sellers: Market conditions are gradually tightening, which may support stability in selling prices heading into the fall season.

The Bottom Line:
With improving affordability, easing borrowing costs, and a balanced supply of homes, the GTA housing market is showing early signs of renewed confidence heading into the final quarter of 2025.

All in all, it’s a market that favors buyers, but things can still move fast if the property hits the right price point. If you’re curious about what all this means for your home or area specifically, feel free to get in touch — we’re always happy to help.

Milton Real Estate Market

The average price in Milton $1,036,162

Burlington Real Estate Market

The average price in Burlington $1,063,970

Oakville Real Estate Market

The average price in Oakville $1,399,948

 

Have questions about the market? Contact us today to learn more!

Previous Reports on GTA Housing Market News

 April May  June July August 

When it comes to selling or renting a property in today’s competitive Canadian real estate market, first impressions truly matter. Whether you’re in bustling Toronto, scenic Vancouver, or a peaceful town in Nova Scotia, your listing’s visuals can make all the difference. That’s where professional property photography and videography come in.

Why Photos and Videos Matter in Real Estate

According to industry research, listings with high-quality photos and videos receive significantly more views and inquiries than those without. In Canada’s growing online real estate scene—where most buyers start their search digitally—your property’s visual presentation can instantly attract (or turn off) potential buyers.

Think about it: before anyone books a showing, they’ve already made up their mind about whether your home feels right—based on what they see online.

1. Professional Photos Capture True Value

A professional real estate photographer knows how to highlight your property’s best features:

• Natural lighting that makes rooms look bright and inviting

• Angles that make spaces appear open and balanced

• Detail shots that emphasize finishes, design, and craftsmanship

These subtle touches help buyers connect emotionally with your property—and visualize themselves living there.

Example: A well-lit kitchen photo showcasing modern countertops and sleek appliances will always perform better than a dimly lit, phone-taken shot.

2. Videography Brings the Property to Life

While photos are essential, videography takes engagement to the next level. Real estate videos and virtual tours give potential buyers a sense of flow, scale, and space—something static images can’t fully capture.

A cinematic walk-through video or drone footage of the neighborhood can help buyers experience the property before they even step inside. This is especially powerful in Canada, where many buyers are relocating from other provinces—or even other countries.

3. Stand Out in Online Listings

With thousands of listings competing for attention on platforms like REALTOR.ca, Zillow, and Facebook Marketplace, your visuals are your best marketing tool.
Professional visuals make your listing look:

• More credible and trustworthy

• More attractive and shareable

• More likely to receive higher offers

In fact, Canadian real estate agents often report that listings with professional photography sell faster and for higher prices than those without.

4. Builds an Emotional Connection

Buying a home isn’t just a financial decision—it’s an emotional one. Beautiful, authentic visuals help potential buyers feel what it’s like to live there. Whether it’s the cozy fireplace, the sunset view from the balcony, or the spacious backyard—good photography and videography bring those feelings to life.

5. A Smart Investment for Sellers and Agents

Hiring a professional may feel like an added cost, but it’s actually an investment in your property’s marketability. The small upfront expense often translates into faster sales and better offers.

For agents, it also strengthens branding—showcasing professionalism, attention to detail, and dedication to client success.

Final Thoughts

In Canada’s fast-moving real estate market, you only get one chance to make a first impression. Stunning visuals can transform a simple listing into a standout opportunity that captures attention, drives traffic, and inspires buyers to take the next step.

So whether you’re selling a downtown condo in Toronto or a family home in Calgary, remember:

Great photos and videos don’t just show your property—they sell it.

August 2025– GTA Housing Market News

Here is our quick market update!

📊 GTA Housing Market Update – August 2025

Sales Rise Modestly, Buyers Benefit from More Choice

The Greater Toronto Area housing market saw a year-over-year increase in sales this August, alongside an even greater jump in new listings. With more inventory across all market segments, buyers continued to enjoy increased negotiating power, keeping average selling prices under pressure.

“Compared to last summer, sales have improved modestly. With inflation under control and the economy slowing, further Bank of Canada rate cuts could help offset the impact of tariffs,” said TRREB President Elechia Barry-Sproule.
“Greater affordability would not only support more home sales but also deliver significant economic spin-off benefits.”

📌 August 2025 Market Highlights

• 5,211 home sales
  🔺 Up 2.3% vs. August 2024

• 14,038 new listings
  🔺 Up 9.4% year-over-year

• Average selling price: $1,022,143
  🔻 Down 5.2% year-over-year

• MLS® HPI Composite Benchmark:
  🔻 Down 5.2% year-over-year

📉 On a seasonally adjusted basis, sales dipped slightly from July, while new listings increased. This reinforced a well-supplied market where buyers continue to hold negotiating leverage.

💬 Expert Insights

“Even with lower borrowing costs and prices, many GTA households earning an average income still find it challenging to carry a mortgage on an average-priced home,” said Jason Mercer, TRREB’s Chief Information Officer.
“Further rate cuts could bring more buyers off the sidelines, especially given today’s elevated level of supply.”

Looking beyond the immediate market, TRREB CEO John DiMichele emphasized the importance of linking housing to broader economic policy:

“Large-scale infrastructure projects—like affordable housing, public transit, ports, and shipbuilding—are essential for Canada’s long-term economic sustainability. But in the short term, spurring housing activity can play a leading role in recovery, just as it has in past cycles.”

🏠 What This Means for Buyers & Sellers

• Buyers: More listings mean more options, stronger negotiating power, and the potential for better deals—especially if borrowing costs ease further in the months ahead.

• Sellers: While prices remain under pressure, well-priced homes continue to attract interest, particularly in sought-after neighbourhoods.

All in all, it’s a market that favors buyers, but things can still move fast if the property hits the right price point. If you’re curious about what all this means for your home or area specifically, feel free to get in touch — we’re always happy to help.

Milton Real Estate Market

The average price in Milton $964,086

Burlington Real Estate Market

The average price in Burlington $1,159,791

Oakville Real Estate Market

The average price in Oakville $1,415,357

 

Have questions about the market? Contact us today to learn more!

Previous Reports on GTA Housing Market News

March  April May  June July

1. Unmatched Access to Listings Through the MLS®

Licensed agents in Canada provide access to the Multiple Listing Service (MLS®)—a highly comprehensive database that aggregates active, pending, and sold property listings with crucial details like price, features, and days on market. Without an agent, you might miss out on homes or valuable listing information only visible via MLS.

2. Deep Market Knowledge & Local Insights

Canadian real estate is far from uniform. Regions like Vancouver, Toronto, and Halifax each behave differently due to local demographics, policies, and economic conditions. Agents are immersed in these markets, giving you a clear understanding of fair pricing, growth potential, school zones, and neighbourhood vibes.

For example, survey data shows:

• 81% of Canadians are more willing to work with a REALTOR® if they adhere to a recognized standard or certification.

• Among those who’ve used a REALTOR®, 51% were “very satisfied” with their experience —proof of quality service.

3. Expert Negotiation That Can Save or Earn You Thousands

Negotiation isn’t just about price—it’s timing, clauses, contingencies, and more. Data from the U.S. (which aligns with global trends) found agent-assisted sales had a median price of $400,000, compared to $300,000 in FSBO (For Sale By Owner) deals MarketWatch.

Real testimonials from Reddit:

“They refused to put in the offer without some negotiation… Got us big savings on a 1.4 MM purchase.” Reddit
“He pointed out which houses would go under asking (and he was right every single time…)” Reddit

4. Smooth, Risk-Reduced Process & Legal Guidance

Buying a home involves complex paperwork, legal disclosures, and deadlines. Agents reduce your stress by guiding you through:

• Contracts and clauses,

• Inspection scheduling,

• Closing coordination.

This expertise helps avoid pitfalls like missing deadlines or overlooking key details.

In Quebec, real estate agents are even viewed as a form of “insurance” against mistakes, thanks to mandatory professional liability coverage.

5. Established Local Networks & Exclusive Listings

Need a trusted mortgage advisor, inspector, or contractor ASAP? Agents have go-to professionals. They also often hear about “pocket listings”—homes that aren’t publicly listed yet.

6. Trusted Standards & Consumer Protection

REALTOR®s in Canada are governed by CREA’s REALTOR® Code and provincial regulations, ensuring ethical behavior and accountability. That means you’re working with a professional who must legally act in your best interests.

7. Added Value Through Stress Relief & Time Savings

Real estate is overwhelming—constant listings, appointments, legalese. Agents serve as project managers, letting you focus on what matters. From call-backs to scheduling showings, they handle the logistics.

8. Real Canadian Market Trends Support Acting Now

In May 2025, the Greater Toronto Area recorded an 8.4% month-over-month home sales increase to 4,693 units—the biggest jump in four months. Prices nudged up 0.1% to C$992,800, though still down 4.5% year-over-year. Listings rose 14%, and lower interest rates helped affordability.

An expert agent understands when such trends signal opportunity—especially in shifting markets.

July 2025– GTA Housing Market News

Here is our quick market update!

📈 GTA Housing Market Hits 3-Year High for July

Affordability Drives Sales Growth Amid Modest Market Tightening

The Greater Toronto Area (GTA) recorded its strongest July home sales performance since 2021, with improving affordability playing a key role in drawing more buyers into the market. As sales growth outpaced new listings, market conditions showed signs of tightening.

“We’re seeing real momentum in the market,” said TRREB President Elechia Barry-Sproule.
“Lower home prices and reduced borrowing costs are helping more households make the jump into homeownership. While further relief on interest rates is needed, many buyers are clearly finding opportunities in today’s market.”

🏡 Key Market Stats – July 2025

• 6,100 home sales
  🔺 Up 10.9% vs. July 2024

• 17,613 new listings
  🔺 Up 5.7% year-over-year

• Average selling price: $1,051,719
  🔻 Down 5.5% vs. July 2024

• MLS® HPI Composite Benchmark:
  🔻 Down 5.4% year-over-year

On a seasonally adjusted basis, sales were up month-over-month, while new listings also increased—but at a slower rate—indicating a modest tightening in market conditions compared to earlier in the year.

💬 Market Insights from TRREB Experts

“The housing sector is a powerful driver of local economies,” said Jason Mercer, TRREB’s Chief Information Officer.
“As the broader Canadian economy remains stalled amid U.S. trade uncertainty, boosting domestic housing activity is a practical way to stimulate economic growth and job creation. Additional interest rate cuts could help accelerate this momentum.”

🌍 Foreign Buyer Ban: What You May Not Know

TRREB CEO John DiMichele clarified common misconceptions about the federal foreign buyer ban:

“Contrary to popular belief, the ban doesn’t prohibit all foreign nationals from buying property in Canada,” he explained.
“There are several key exemptions that benefit our economy. For instance, non-residents can purchase multi-unit buildings (4+ units), development land, and properties outside major urban centres—including recreational homes. These transactions contribute to regional economic growth and housing supply.”

🛠️ Looking Ahead: Opportunity Amid Transition

With affordability improving and more inventory entering the market, the second half of 2025 may offer a window of opportunity for both buyers and sellers. As always, navigating this shifting landscape is best done with a trusted local REALTOR® who understands current trends, pricing, and neighbourhood dynamics.

🏠 Looking to Buy or Sell?

With the market shifting and opportunities growing, now is the time to connect with a local REALTOR® who understands the current landscape and your specific goals.

All in all, it’s a market that favors buyers, but things can still move fast if the property hits the right price point. If you’re curious about what all this means for your home or area specifically, feel free to get in touch — we’re always happy to help.

Milton Real Estate Market

The average price in Milton $1,023,334

Burlington Real Estate Market

The average price in Burlington $1,110,282

Oakville Real Estate Market

The average price in Oakville $1,338,263

 

Have questions about the market? Contact us today to learn more!

Previous Reports on GTA Housing Market News

February  March  April May  June