October Toronto Real Estate Market Stats: Extra Innings, Extra Inventory, Extra Uncertainty
If you were anywhere near a TV (or a nervous group chat) at the end of October, you know the Toronto Blue Jays didn’t just make it to the World Series — they dragged the entire country through 11 innings of Game 7 heartbreak before falling to the Dodgers. Oof. The kind of loss that leaves you staring out the window like you’re in a music video. Or, if you’re me, crying into your Jays hoodie on a curb outside Tall Boys Craft Beer House on Bloor West.
But in true Canadian fashion, we loved hard and lost harder and hey, maybe that’s the energy the Toronto real estate market is mirroring right now.
Buyers are cautiously back at bat, but not swinging wildly. Sellers are still warming the bench, waiting for the right pitch. Meanwhile, interest rates are doing their best to stay on-deck, and inventory is crowding the field with more choice than we’ve seen in years. In short: the market’s gone into extra innings — and it’s still throwing a few curveballs.
TRREB reported 6,138 sales in October — down 9.5% year-over-year — with average prices dropping 7.2% to $1,054,372. Months of inventory has climbed to 4.5, tipping us toward a more balanced field. Add in the Bank of Canada’s recent rate shift and more affordability creeping in? And we’ve got a fall market that’s still very much in play.
For real estate and baseball alike, October was a test of stamina. If you're planning to step up to the plate before year-end, you’re gonna want a smart game plan — and a great coach.
📍GTA-Wide Snapshot: Curveballs & Comebacks
(Buyers are watching. Sellers are adjusting. The game isn’t over yet.)
We saw a meaningful rise in inventory across the GTA in October, giving buyers more choice and leverage than they’ve had in years. Price drops, modest days on market, and months of inventory climbing toward five all paint a picture of a market that’s not frozen — just recalibrating. This is a time when strategy matters.
Average Price: $1,054,372 (▼7.2% YoY)
Sales: 6,138 (▼9.5%)
New Listings: 14,397 (▼2.8%)
Active Listings: 27,808 (▲17.2%)
MOI (Months of Inventory): 4.5 → Balanced market
Average Days on Market: 23
Condo Sales: 1,832 (▼3.2%)
Condo Average Price: $686,191 (▼6.6%)
What this means: We’ve entered balance territory. Buyers have time to breathe and more listings to choose from, while sellers need to lean hard into pricing strategy. Motivation matters — and so does timing.
📍 Toronto: Still Crowded at the Plate
Toronto continues to be the city's heartbeat — but even the core is feeling the slowdown. Higher inventory and buyer fatigue are softening the edge, especially in the condo market.
Average Price: $1,086,932 (▼4.9% YoY)
Sales: 2,234 (▼3.3%)
New Listings: 5,155 (▲30.1%)
Active Listings: 9,564 (▲20.6%)
MOI: 4.3 → Balanced Market
Avg. Days on Market: 23
Condo Sales: 1,164 (▼8.5%)
Condo Avg. Price: $729,160 (▼2.6%)
What this means: Condo competition is heating up — and buyers aren’t rushing in. Sellers should expect more questions, longer days on market, and a strong preference for turnkey.
📍 Mississauga: Same Market, New Rules
With sales down and listings up, Mississauga is feeling the squeeze. The average price has dipped nearly 10% — and yet buyers are still cautious.
Average Price: $961,190 (▼9.8% YoY)
Sales: 548 (▼19.1%)
New Listings: 1,236 (▲36.8%)
Active Listings: 2,255 (▲30.6%)
MOI: 4.1 → Balanced Market
Avg. Days on Market: 20
Condo Sales: 230 (▼16.1%)
Condo Avg. Price: $628,163 (▼2.5%)
What this means: Buyers here are bargain-hunting — but even with more choice, they’re moving slower. If you’re listing in Mississauga, price with precision and prep like it’s a job interview.
📍 Oakville: High-End Hesitations
Luxury buyers are more rate-sensitive than you think — and Oakville’s market shows it. Prices are cooling as listings build.
Average Price: $1,477,854 (▼7.4% YoY)
Sales: 253 (▼8.7%)
New Listings: 582 (▲45.8%)
Active Listings: 969 (▲25.6%)
MOI: 3.8 → Balanced Market
Avg. Days on Market: 24
Condo Sales: 36 (▼29.4%)
Condo Avg. Price: $749,801 (▼2.9%)
What this means: Oakville’s higher price point makes it more vulnerable in a cautious market. Presentation matters — and so does targeting the right buyer pool.
📍 York Region: Buyers Back at Bat
York saw one of the sharpest price drops across the GTA — nearly 10% down year-over-year — and yet new listings surged.
Average Price: $1,257,749 (▼9.7% YoY)
Sales: 1,010 (▼13.4%)
New Listings: 2,174 (▲42.8%)
Active Listings: 4,178 (▲29.1%)
MOI: 4.1 → Balanced Market
Avg. Days on Market: 23
Condo Sales: 164 (▲6.5%)
Condo Avg. Price: $707,764 (▼3.9%)
What this means: York is a classic case of too much inventory and not enough urgency. Buyers have the advantage, and sellers need to recalibrate expectations.
📍 Durham Region: Holding Steady in the East
Durham’s prices are holding relatively firm compared to other regions — but sales are slipping, and listings are piling up.
Average Price: $899,663 (▼2.4% YoY)
Sales: 618 (▼13.1%)
New Listings: 1,268 (▲43.5%)
Active Listings: 2,158 (▲29.2%)
MOI: 4.5 → Balanced Market
Avg. Days on Market: 22
Condo Sales: 42 (▼17.6%)
Condo Avg. Price: $568,566 (▼2.3%)
What this means: Durham continues to be one of the more price-stable pockets in the GTA. But sellers still need to be strategic — and flexible — to stand out in a crowd.
📍 Brampton: Stable Sales, Shaky Prices
Despite almost flat year-over-year sales growth, Brampton’s market continued to slide on price. A near 5% drop in the average price signals that affordability is top-of-mind for buyers — and competition among listings is heating up.
Average Price: $1,002,514 (▼4.8% YoY)
Sales: 558 (▲0.4%)
New Listings: 1,183 (▲2.2%)
Active Listings: 1,427 (▼0.4%)
MOI (Months of Inventory): 4.1 → Balanced market
Average Days on Market: 21
Condo Sales: 61
Condo Average Price: $572,228 (▼10.1%)
What this means: The Brampton market is holding steady on volume, but not on price. That opens up opportunities for buyers who were priced out in recent years to step in.
What This Means for Buyers and Sellers?
This wasn’t just another month — it was a curveball-heavy inning for Toronto real estate. Inventory soared. Prices softened. And just like the Jays, the market pushed through some extra innings of uncertainty.
📉 For buyers: With average home prices down 7.2% and 4.5 months of inventory on the board, you’re officially playing in a more balanced market. That means less bidding war madness and more room to negotiate. Pair that with a slight dip in borrowing costs? This might be the most buyer-friendly stretch we’ve seen in years.
📈 For sellers: It’s not a walk-off win — but it’s winnable. Today’s buyers are cautious and price-savvy. If your home is listed too high or lacking in polish, they’ll move on. But with smart pricing, great marketing, and a strong listing strategy (👋), you can absolutely stand out in this more competitive environment.
💬 Whether you're buying, selling, or just trying to make sense of this extra innings kind of market, I’m here for the strategy, the stats, and the win.
