Market Trend Update: October 2025
Toronto, GTA & Hamilton Real Estate Report | Written By Realtor Sean Findlay
As we move into the final quarter of 2025, the real estate market across the GTA and Hamilton has firmly shifted, presenting the clearest buyer’s market we’ve seen in some time.
A surge in new listings has given buyers significantly more choice and negotiating power. While this has kept year-over-year prices down, the recent Bank of Canada rate cut in September appears to have spurred a slight uptick in sales, suggesting that buyers are cautiously re-entering the market.
Here’s a detailed breakdown of the latest data from September 2025.
The Big Picture: A Market in Rebalance
The main story is inventory. Active listings are up significantly compared to last year (nearly 19% in the GTA), while sales, though improving, haven’t kept pace.
This is best measured by the Sales-to-New-Listings Ratio (SNLR). In the GTA, the SNLR is approximately 29%, and in Hamilton, it’s around 34%. A ratio below 40% typically signals a buyer’s market. In Hamilton, the Months of Inventory (MOI) has climbed to 5.2 months, reinforcing that supply is outpacing demand.
- What this means: Fewer bidding wars, more properties to choose from, and more room for negotiation on price and conditions (like financing and home inspections).
Toronto Snapshot (The “416”)
The City of Toronto is showing more stability than its surrounding regions. While still a buyer’s market, the average price decline was less severe than in the broader GTA, and sales activity saw a healthy 13.2% jump compared to last year. With 4.7 months of inventory, the market is more balanced than in many “905” areas. The condo market remains a key area of opportunity for buyers, with ample supply and softer prices.
Key Toronto Statistics (September 2025):
- Average Selling Price:$1,089,918
- (-2.1% vs. September 2024)
- Total Sales:2,063
- (+13.2% vs. September 2024)
Average Price by Home Type (City of Toronto):
- Detached: $1,686,013
- Semi-Detached: $1,181,672
- Condo Apartment: $681,115
Greater Toronto Area (GTA) Snapshot (“The 905”)
Activity in the broader GTA also picked up in September, with sales rising 8.5% compared to last year. However, this increased activity was met with even more listings, which kept prices in check. The average price did, however, increase by 3.6% compared to August, suggesting the market is stabilizing.
Key GTA Statistics (September 2025):
- Average Selling Price:$1,059,377
- (-4.7% vs. September 2024)
- MLS® Home Price Index (Benchmark):$960,300
- (-5.5% vs. September 2024)
- Total Sales:5,592
- (+8.5% vs. September 2024)
- New Listings:19,260
- (+3.9% vs. September 2024)
Average Price by Home Type (GTA):
- Detached: $1,359,030 (-4.5% YoY)
- Semi-Detached: $1,015,543 (-6.9% YoY)
- Townhouse: $947,928 (-3.5% YoY)
- Condo Apartment: $655,231 (-4.0% YoY)
Hamilton Snapshot
The Hamilton market is following a similar trend. Sales were up compared to last year, but a healthy supply of new listings has kept the market firmly in buyer’s territory. Unlike the GTA, Hamilton’s average price remained relatively flat compared to August, showing stability but not the same monthly uptick.
The “affordability gap” remains a key factor, with Hamilton’s average price sitting over $283,000 below the GTA average.
Key Hamilton Statistics (September 2025):
- Average Selling Price:$775,745
- (-5.0% vs. September 2024)
- MLS® Home Price Index (Benchmark):$703,700
- (-9.0% vs. September 2024)
- Total Sales:475
- (+7.2% vs. September 2024)
- New Listings:1,392
- (+2.2% vs. September 2024)
Average Price by Home Type (Hamilton):
- Detached: $856,025 (-6.7% YoY)
- Semi-Detached: $569,417 (-16.1% YoY)
- Townhouse: $650,483 (-2.4% YoY)
- Condo Apartment: $473,470 (-3.3% YoY)
What This Means For You
For Buyers: Buyers are in the driver’s seat. 🚗
This is the moment many have been waiting for. With more inventory, less competition, and stabilizing interest rates, you have time to browse, negotiate, and find the right home without the pressure of a frenzied market.
For Sellers: Pricing and presentation are everything. 🏠
In a market with this much inventory, your property needs to stand out. Setting the right price from day one is critical. Homes that are well-marketed, staged, and priced competitively are still selling. Overpricing will only lead to your home sitting on the market.
Whether you’re looking to take advantage of the current buyer’s market or need a strategic plan to sell your home for top dollar, contact our team today for a personal consultation.
