The Toronto Regional Real Estate Board (TRREB) has released its October housing data. Uncertainty around inflation, borrowing costs and the economy kept many buyers on the sidelines last month. Even so, with the pace of new listings lagging sales, the market quietly firmed up.
A total of 5,603 home sales were reported through the MLS, down 7.9% compared to October 2025. New listings fell 11.9% year over year to 14,173, and active listings came in at 25,098, down 10.0%. Months of inventory tightened to roughly 4.5, down from 5.2 in September, as sales outpaced the flow of new listings. Through the first 10 months of the year, 52,694 homes have changed hands at an average price of $1,025,156.
The average GTA home sold for $1,024,108, down 2.7% year over year, a smaller decline than September’s 5.1%. The MLS Home Price Index (HPI) Composite Benchmark was down 4.3% across the GTA (-3.6% in Toronto), compared with 4.7% and 3.8%, respectively, in September. Listings sold in an average of 31 days on market, unchanged from a year ago, with final sale prices coming in at 97% of the asking price.
Average Sale Price by Property Type
- Detached: $1,310,627 (↓ 3.2% year over year / ↑ 1.4% month over month)
- Semi-detached: $1,024,907 (↓ 0.8% YoY / ↑ 1.0% MoM)
- Townhomes: $804,416 (↓ 5.0% YoY / ↓ 2.0% MoM)
- Condominiums: $621,400 (↓ 5.8% YoY / ↑ 2.7% MoM)
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Detached homes accounted for the largest share of October sales (48.1%), followed by condominiums (24.7%), townhomes (16.7%) and semi-detached properties (9.7%). Fewer homes sold in every category compared with a year ago, with townhomes (-11.0%) and condominiums (-10.4%) posting the steepest declines. Semi-detached homes held their value best, with prices nearly flat compared to last year.
Beyond the sales data, October was an eventful month, with several developments that could have broader implications for the market. Ontario held its municipal elections, the Bank of Canada raised its overnight rate to 2.50% on October 28, the U.S. midterm elections reshaped both the House and Senate, and there has been renewed talk of progress on Canada-U.S. trade. We will be watching each of these closely in the months ahead.
October serves as an important reminder that markets rarely wait for perfect clarity. Conditions evolve, inventory shifts, and the landscape can look quite different from one season to the next. Whether you are thinking about buying, selling or simply keeping an eye on the value of your home, a conversation with a Christensen Real Estate Group sales representative is the best way to understand how these changes are playing out in your own neighbourhood.
Exploring the West Toronto real estate market? We can guide you toward an exceptional result. Call 416-722-4723 or reach us by email at evan@christensengroup.ca.
