The Greater Toronto Area housing market showed further signs of a major reset in October 2025, with home prices and sales sliding once again. For the first time in years, affordability is improving—creating new opportunities for buyers, homeowners, and investors who have been waiting on the sidelines.
Fresh data from the Toronto Regional Real Estate Board (TRREB) reports 6,138 home sales in October, a 9.5% decline from the previous year. Both the City of Toronto and the surrounding 905 region saw notable drops, with sales falling by a combined 646 units year-over-year. October also trended lower than September on a seasonally adjusted basis, signalling a prolonged cooling pattern.
At the same time, new listings climbed to 16,069, up 2.7% year-over-year, adding to an oversupplied market. With more inventory and fewer active buyers, sellers are adjusting expectations and negotiating more aggressively.
This shift has pushed the average home price down by 7.2%, bringing the GTA average to $1,054,372—roughly $81,000 less than the same time last year. The composite benchmark price also declined 5% annually, reinforcing that the market is now firmly tilted toward buyers.
According to TRREB Chief Information Officer Jason Mercer, lower prices and softening mortgage rates are improving purchase power. “More buyers can now afford a home that meets their needs,” Mercer explained.
For homeowners and investors, this reset also marks a strategic moment. Falling values may feel like a setback for sellers, but equity-based financing—including second mortgages, bridge loans, and home equity lines of credit (HELOCs)—is becoming an increasingly valuable tool.
At Lendworth, we continue to help clients unlock the stability and liquidity they need. Whether it’s consolidating debt, funding renovations, purchasing investment property, or taking advantage of market shifts, your equity can do more—even in uncertain times.
If you’re exploring financing options or positioning yourself for opportunity in today’s evolving market, our team is ready to assist with transparent, fast, equity-based solutions.