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Toronto real estate market update - October 2025

Toronto & West GTA Real Estate Market Update – October 2025

Nov 24, 2025 | Market News

📣 𝐍𝐄𝐖𝐒𝐅𝐋𝐀𝐒𝐇! Here are the real estate market stats you need to know for October 2025 vs. 2024 home sales in Toronto, Mississauga, Oakville, Burlington.

October typically marks a return to stronger fall activity. Market conditions across the GTA tightened modestly, with a greater number of homes sold in nearly every area of our report, and across most home types. However, prices edged lower month over month in several freehold categories, suggesting buyers remained selective and price-sensitive despite improved engagement.

Across the board, condo apartments continued to show the highest level of transactional activity, with a noticeable jump in units both in Toronto and the 905. Freehold segments saw a lift in sales volumes as well, though average prices generally softened compared to September — a sign of increased inventory and more balanced conditions as the fall market settles.

Below is a detailed breakdown of month-over-month trends between September and October 2025 and the key shifts worth noting.

◼️ Toronto sales volumes increased across all home types, although prices eased slightly in each category. Detached home values declined by $67,000 month over month and were down 9% year over year. Semi-detached homes saw increases in both sales volume and the average price, rising by $37,000 month over month, yet still down 7% year over year. Freehold townhomes saw a $52,000 decrease month over month and were down 10% over last year. Condo townhouses dipped slightly on the month and were down 10% year over year. Condo apartment sales increased meaningfully, with 132 more units sold than in September. The average price remained essentially flat month over month, though values were down 3% over last year.

◼️ Mississauga detached home values were essentially flat month over month, with 37 more homes sold compared to September. Year over year, detached values saw a significant 15.6% decline. Semi-detached home values slipped by $46,000 month over month and were down 9.5% annually. Freehold townhomes remained flat in both sales volume and the average price, marking the smallest annual decline among Mississauga’s freehold segments at 3.6%. Condo townhouse values dipped slightly from September and were down 7.5% year over year. Condo apartment sales increased modestly, though the average price decreased by $32,000 month over month and was down 10% annually.

◼️ Oakville detached homes recorded the steepest month-over-month price decline, presenting opportunities for buyers as the average price fell below $1.8M. Detached values were down $82,000 month over month and 9.6% year over year. Semi-detached homes held relatively steady with only a slight decrease month over month and were the only home type to show an annual increase, rising nearly 10% over last year. Freehold townhomes remained flat month over month and were down 9% year over year. Condo townhouses experienced a significant month-over-month decrease, dropping $120,000, yet remained flat year over year. Condo apartments also saw a $100,000 decline month over month, with a substantial 28% annual decrease — creating exceptional opportunities for condo buyers in Oakville.

◼️ Burlington detached home values dipped slightly, down $50,000 month over month and 7.2% year over year. Fewer detached homes sold in Burlington than in any other area in this report. Semi-detached homes were down $50,000 month over month and 7.4% annually. Freehold townhomes increased by $30,000 and were flat year over year. Condo townhouses were essentially flat month over month, supported by a higher sales volume, and were down 6.2% year over year. Condo apartment values were flat month over month however with more units sold. The average condo apartment value was up slightly over last year, up by 1.5%— making Burlington one of the few markets to show annual gains in the condo apartment segment.

𝘞𝘢𝘯𝘵 𝘵𝘰 𝘬𝘯𝘰𝘸 𝘸𝘩𝘢𝘵’𝘴 𝘩𝘢𝘱𝘱𝘦𝘯𝘪𝘯𝘨 𝘪𝘯 𝘺𝘰𝘶𝘳 𝘯𝘦𝘪𝘨𝘩𝘣𝘰𝘶𝘳𝘩𝘰𝘰𝘥? Obtain a personalized market analysis by booking a complimentary Buyer or Seller consultation with us via the form below.

Toronto real estate market update - October 2025Mississauga real estate market update - October 2025Oakville real estate market update - October 2025Burlington real estate market update - October 2025

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