Average price — Mean sale price across all transactions. Sensitive to the mix of homes that sold.
$1,054,372
MoM −$5,005 −0.5% down $5,005, 0.5% versus September 2025 YoY −7.1% down 7.1% versus October 2024
Source: TRREB MarketWatch, October 2025
Greater Toronto Area · TRREB MarketWatch
GTA Real Estate Market Report
October 2025
In October 2025 the average selling price across the Greater Toronto Area held steady at $1,054,372 versus September 2025, and sales jumped 9.8% to 6,138.
Headline indicators
All TRREB areas · all home types
Median price — The midpoint sale price. Less affected by a few very high or low sales than the average.
$900,000
MoM −$9,500 −1.0% down $9,500, 1.0% versus September 2025 YoY −6.3% down 6.3% versus October 2024
MLS® HPI benchmark — Quality-adjusted price for a typical home. The cleanest like-for-like price signal.
$956,800
MoM −$3,500 −0.4% down $3,500, 0.4% versus September 2025 YoY −5.0% down 5.0% versus October 2024
Sales — Firm transactions reported through the MLS® System during the month.
6,138
MoM +546 +9.8% up 546, 9.8% versus September 2025 YoY −7.8% down 7.8% versus October 2024
Dollar volume — Total value of all sales in the month.
$6.47B
MoM +$547,701,888 +9.2% up $547,701,888, 9.2% versus September 2025 YoY −14.4% down 14.4% versus October 2024
New listings — Properties newly listed during the month.
16,069
MoM −3,191 −16.6% down 3,191, 16.6% versus September 2025 YoY +4.8% up 4.8% versus October 2024
Active listings — Listings available at month end.
27,808
MoM −1,586 −5.4% down 1,586, 5.4% versus September 2025 YoY +13.6% up 13.6% versus October 2024
Avg. LDOM — Average days on market for the current listing. Not reported before 2020.
31
MoM −2 days −6.1% down 2 days, 6.1% versus September 2025 YoY +14.8% up 14.8% versus October 2024
Avg. PDOM — Average days on market across the property’s consecutive listings. Not reported before 2020.
50
MoM −1 day −2.0% down 1 day, 2.0% versus September 2025 YoY +16.3% up 16.3% versus October 2024
Avg. SP/LP — Average sale price as a share of list price. Above 100% means competing offers were common.
98%
MoM no change no change versus September 2025 YoY −1.0% down 1.0% versus October 2024
SNLR — Sales-to-new-listings ratio, computed here from this month’s counts. Below 40% favours buyers, above 60% favours sellers.
38.2%
MoM +9.2 pp +31.6% up 9.2 pp, 31.6% versus September 2025 YoY −12.1% down 12.1% versus October 2024
Months of inventory — Active listings divided by monthly sales — how long the current stock would take to sell. Computed here, not TRREB’s trend figure.
4.5
MoM −1 −13.8% down 1, 13.8% versus September 2025 YoY +23.2% up 23.2% versus October 2024
The month in 60 seconds
- Across all TRREB areas, new listings dropped 16.6% to 16,069 versus September 2025.
- Across all TRREB areas, sales jumped 9.8% to 6,138 versus September 2025.
- Across all TRREB areas, active listings fell 5.4% to 27,808 versus September 2025.
- Across all TRREB areas, the median selling price edged down 1.0% to $900,000 versus September 2025.
- Across all TRREB areas, the average selling price held steady at $1,054,372 versus September 2025.
Generated from the figures above. Ordered by size of month-over-month move.
Economy
Indicators published with this edition
Real GDP growth
-1.6%
Q2 2025
Toronto employment growth
0.5%
September 2025
Toronto unemployment rate
8.9%
September 2025
Inflation (CPI, year-over-year)
2.4%
September 2025
Bank of Canada overnight rate
2.3%
October 2025
Prime rate
4.7%
October 2025
1-year mortgage rate
6.09%
October 2025
3-year mortgage rate
6.05%
October 2025
5-year mortgage rate
6.09%
October 2025
By home type
All TRREB areas
| Home type | Sales | MoM | Average price | MoM | YoY |
|---|---|---|---|---|---|
| Detached | 2,856 | +195 +7.3% up 195, 7.3% versus September 2025 | $1,355,506 | −$3,524 −0.3% down $3,524, 0.3% versus September 2025 | −7.3% down 7.3% |
| Semi-detached | 595 | +89 +17.6% up 89, 17.6% versus September 2025 | $1,033,770 | +$18,227 +1.8% up $18,227, 1.8% versus September 2025 | −6.7% down 6.7% |
| Att/row/townhouse | 584 | +67 +13.0% up 67, 13.0% versus September 2025 | $935,042 | −$12,886 −1.4% down $12,886, 1.4% versus September 2025 | −7.2% down 7.2% |
| Condo townhouse | 468 | +60 +14.7% up 60, 14.7% versus September 2025 | $735,123 | −$12,535 −1.7% down $12,535, 1.7% versus September 2025 | −6.5% down 6.5% |
| Condo apartment | 1,558 | +121 +8.4% up 121, 8.4% versus September 2025 | $660,208 | +$4,977 +0.8% up $4,977, 0.8% versus September 2025 | −4.9% down 4.9% |
| Link | 52 | +4 +8.3% up 4, 8.3% versus September 2025 | $919,208 | +$82 +0.0% up $82, 0.0% versus September 2025 | −10.6% down 10.6% |
| Co-op apartment | 12 | +5 +71.4% up 5, 71.4% versus September 2025 | $667,351 | −$452,220 −40.4% down $452,220, 40.4% versus September 2025 | −3.0% down 3.0% |
| Detached condo | 8 | +5 +166.7% up 5, 166.7% versus September 2025 | $1,053,219 | +$116,386 +12.4% up $116,386, 12.4% versus September 2025 | −5.5% down 5.5% |
| Co-ownership apartment | 5 | no change no change versus September 2025 | $475,600 | +$8,582 +1.8% up $8,582, 1.8% versus September 2025 | +0.5% up 0.5% |
Average price by home type
13 months to October 2025
| Month | Detached | Semi-detached | Att/row/townhouse | Condo townhouse | Condo apartment |
|---|---|---|---|---|---|
| Oct '24 | 1462838 | 1108376 | 1007417 | 785827 | 694038 |
| Nov '24 | 1452518 | 1077254 | 994251 | 753352 | 689599 |
| Dec '24 | 1399209 | 1088543 | 1015505 | 767688 | 681855 |
| Jan '25 | 1377430 | 1047728 | 983856 | 802905 | 670675 |
| Feb '25 | 1445879 | 1079996 | 991066 | 802862 | 688055 |
| Mar '25 | 1439268 | 1111791 | 1001043 | 789129 | 682019 |
| Apr '25 | 1431495 | 1088848 | 1005487 | 783935 | 678048 |
| May '25 | 1425264 | 1098447 | 995662 | 763172 | 683413 |
| Jun '25 | 1392033 | 1089751 | 965792 | 761106 | 696424 |
| Jul '25 | 1361660 | 1041359 | 929524 | 743469 | 651483 |
| Aug '25 | 1312240 | 980102 | 946395 | 739341 | 642195 |
| Sep '25 | 1359030 | 1015543 | 947928 | 747658 | 655231 |
| Oct '25 | 1355506 | 1033770 | 935042 | 735123 | 660208 |
Movers this month
Ranked across 55 of the 55 required areas · minimum 10 sales to qualify
Average price, month-over-month
Top 5
- Toronto C06 +28.3% up 28.3%
- Toronto C09 +26.3% up 26.3%
- King +23.1% up 23.1%
- Toronto C02 +14.9% up 14.9%
- Aurora +11.4% up 11.4%
Bottom 5
- Toronto C04 −23.4% down 23.4%
- Toronto C03 −21.6% down 21.6%
- Scugog −13.9% down 13.9%
- Uxbridge −13.7% down 13.7%
- Toronto C12 −11.3% down 11.3%
Sales, month-over-month
Top 5
- Toronto C11 +85.0% up 85.0%
- Toronto E07 +48.8% up 48.8%
- Toronto E03 +47.5% up 47.5%
- Toronto C10 +46.7% up 46.7%
- Toronto W04 +46.3% up 46.3%
Bottom 5
- Toronto C07 −35.2% down 35.2%
- East Gwillimbury −21.6% down 21.6%
- Uxbridge −17.4% down 17.4%
- Clarington −16.4% down 16.4%
- Toronto E08 −16.3% down 16.3%
Areas below the sales threshold are excluded — with a handful of sales, a couple of transactions can invent a swing that is not a market move.
Market balance
Sales-to-new-listings and months of inventory, computed from this month’s counts
All TRREB areas
SNLR
38.2%
prior month 29.0%
Months of inventory
4.5
All TRREB areas reads differently on the two balance measures — a buyer's market at 38.2% sales-to-new-listings, but balanced conditions at 4.5 months of inventory. They measure different things, so the split is worth noting.
City of Toronto (416)
SNLR
39.3%
prior month 28.7%
Months of inventory
4.4
City of Toronto (416) reads differently on the two balance measures — a buyer's market at 39.3% sales-to-new-listings, but balanced conditions at 4.4 months of inventory. They measure different things, so the split is worth noting.
905 total
SNLR
37.6%
prior month 29.2%
Months of inventory
4.6
905 total reads differently on the two balance measures — a buyer's market at 37.6% sales-to-new-listings, but balanced conditions at 4.6 months of inventory. They measure different things, so the split is worth noting.
These are computed here from the month’s raw counts. TRREB also publishes its own trend-smoothed SNLR and months-of-inventory figures, which are shown separately on the area pages and are not the same measure.
Where I work
Downtown TorontoMidtownScarboroughYork RegionDurham Region
Downtown
$805,053
- Sales
- 435
- SNLR
- 35.8%
- MOI
- 5.5
Aggregated across 2 districts · View →
Midtown
$1,668,938
- Sales
- 310
- SNLR
- 41.4%
- MOI
- 4.2
Aggregated across 6 districts · View →
Scarborough
$836,350
- Sales
- 429
- SNLR
- 42.5%
- MOI
- 3.6
Aggregated across 8 districts · View →
York Region
$1,234,849
- Sales
- 1,050
- SNLR
- 34.7%
- MOI
- 5.2
Region total · View →
Durham Region
$851,764
- Sales
- 715
- SNLR
- 39.9%
- MOI
- 3.6
Region total · View →
Average price for a multi-district group is weighted by dollar volume, not an average of averages — that would give a district with three sales the same weight as one with three hundred.