  September’s rate cut sparked optimism, leading to a rise in new listings in October. However, buyer demand hasn’t kept pace, with many homes lingering due to pricing mismatches. TRREB reported 6,138 sales in October 2025 — down 9.5% year-over-year — while new listings rose 2.7% to 16,069, highlighting growing supply. The Bank of Canada’s consecutive rate cuts aim to restore confidence and affordability. While this may gradually draw buyers back, recovery is expected to be slow. Those with stable finances are best positioned to benefit, though caution remains amid broader economic uncertainty.  Freehold Market Trends Freehold performance varies widely by location. Some areas see bidding wars, others face slower sales. Broad market summaries often miss these nuances — buyers who focus on local data and work with experts will find better opportunities. Condominium Market Dynamics Pre-Construction Market  Developers face high inventory and limited launches. Over 22,000 units remain unsold, with 18 projects cancelled and 20 more at risk. Construction is at its lowest since 2017, setting the stage for future supply shortages and price increases within two years. Condo Resale Market  Resale condos show stability, with six months of inventory offering buyers more choice. Prices average $768/sq ft — a 22% drop from 2022. The 905 Region saw an 8.6% decline, compared to 6.1% in Toronto. Recap and Looking Ahead October reflects a market in transition. Listings are up, but buyer hesitation persists. Rate cuts and seasonal slowdown create opportunities for strategic moves. Buyers with financial confidence can enjoy less competition and better deals. Sellers may benefit from listing now before spring inventory surges. While recovery will be gradual, stabilizing policy and improving global relations suggest a stronger foundation heading into 2026. |
