The Stats Are In! Here’s Your October GTA Real Estate Market Update
September brought a noticeable shift in the Greater Toronto Area real estate market — and it’s the kind of shift that’s catching a lot of attention. With the Bank of Canada’s recent interest rate cut, more buyers jumped back into the market, taking advantage of improved affordability and lower monthly mortgage payments.
After months of hesitation, confidence is slowly returning. Buyers are realizing that now might be the right time to make their move, and the numbers back it up.
📈 Sales on the Rise
GTA REALTORS® reported 5,592 home sales in September 2025, marking an 8.5% increase compared to September 2024. That’s a clear sign that buyers are feeling the impact of lower borrowing costs — and many are wasting no time getting back into the market.
New listings also saw a bump, climbing 4% year-over-year to 19,260. While inventory remains healthy, there are hints of tightening conditions in some segments, as sales rose from August while new listings actually dipped slightly.
💰 Prices Adjust as Buyers Negotiate
Even with stronger activity, buyers continue to take advantage of the variety of homes available by negotiating prices. The MLS® Home Price Index (HPI) Composite Benchmark came in 5.5% lower year-over-year, while the average selling price for the GTA settled at $1,059,377, down 4.7% from last September.
Month-over-month, prices remained relatively stable with only a 0.5% dip, suggesting a balanced environment where motivated buyers and sellers can find common ground.
🏠 What It Means for You
The Bank of Canada’s decision to lower interest rates is already having a ripple effect. More households are now able to qualify for homes that fit their needs, and we’re seeing momentum build heading into the fall market. Increased housing activity also benefits the broader economy, driving spending on renovations, furnishings, and services connected to homeownership.
So, what does this mean if you’re thinking about buying, selling, investing, or leasing? Opportunity. Whether you’re entering the market for the first time or exploring your next move, there’s a window right now to make a smart, informed decision — and I’d love to help you navigate it.
💬 Let’s Connect
If you’re curious about where your property stands in today’s market or want to explore your options across the GTA, I’m here to guide you with experience, data, and strategy.
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Michael Kelly
🏡 Realtor | Sutton Group Realty Systems
📞 647-408-5226
🌐 michaelkellyhomes.com
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