A Market With Breathing Room
October delivered more proof of a market that has shifted firmly into buyer friendly territory. Sales dipped about ten percent year over year while active listings climbed to the highest October level on record. Prices are down just over seven percent compared to last year, and homes are taking about a month to sell.
There is simply more choice and more time for buyers. Sellers need to be sharper on price and presentation to stand out.
Freeholds: Quality Still Commands Attention
Detached and semi detached homes are feeling the weight of higher inventory, but not evenly. Across the city, prices are down modestly and days on market are stretching. In the East End, the story is more nuanced. Well located, well styled freeholds are still selling in roughly two weeks and often at or above asking. Homes that feel optional or overpriced are the ones lingering.
Condos: Cautious Buyers And Plenty Of Supply
Condos remain the softest segment. They make up about a third of available inventory but only a quarter of sales. Prices in the 416 have dipped slightly, while the 905 has corrected more. Buyers are being selective about layouts, fees, and long term value. Strong buildings and bright, updated units still move. Others need aggressive pricing.
Why This Market Feels Different
This cycle is slower, more grounded, and more rational than the 2021 peak. Prices have pulled back about twenty percent from the early 2022 high, and we’re hopeful the steepest part of the correction is behind us. Mortgage rates are easing, giving today’s buyers a bit more confidence, but not enough to trigger another rush.
Record inventory plus cautious optimism equals a market where thoughtful preparation matters far more than speed.
What This Means For You
For Buyers
This is one of the best environments for buyers in years. There is less competition, more negotiation power, and far more inventory to choose from. With prices and borrowing costs trending gently down, fully prepared buyers can secure strong value.
For Sellers
Positioning matters. With nearly 28,000 active listings, buyers can afford to be selective. Homes that are priced precisely and presented beautifully still outperform, especially in the East End. Homes that chase yesterday’s numbers only help sell the competition.
TRG’s design forward prep, custom marketing, and neighbourhood expertise make a meaningful difference here.
Regional Snapshot
416
All major property types have seen mild price softening. Updated freeholds in established neighbourhoods continue to draw serious buyers. Overpriced or unrefined listings sit longer and often need price adjustments.
East End
The East End continues to outperform the wider market. October sales in neighbourhoods like Leslieville, Riverdale, and The Beach averaged around 15 days on market and roughly 106 percent of asking. Character homes, walkable communities, and strong schools keep demand steady even in a cooler cycle.
Let’s Talk Strategy
If you are thinking about a move or want clarity on how this market affects you, we are here to help you make a confident next step.
