Toronto’s October numbers brought a mix of softer sales activity and relatively steady pricing, along with an important change in how I report the data. If you prefer to watch the full breakdown, the video is embedded. Here is the written version for anyone who likes to review the stats or compare month to month.
Why I Am Now Reporting Median Prices
Beginning this month, I am using median prices instead of averages. Most market reports still rely on average prices, but the average can easily be distorted when there are one or two unusually high or low sales. Every sale carries equal weight in an average, which can make the results look stronger or weaker than the real story.
The median shows the middle point. Half of the homes sold for more and half sold for less. This gives a clearer picture of typical activity in today’s market and a more accurate reflection of what buyers and sellers are actually experiencing. I will continue using the median in all future updates.
Overall Sales Activity
Toronto recorded 2,332 sales in October, a 6.2% decline year-over-year compared to the 2,487 sales in October 2024.
This is the first year-over-year decrease since June, following three stronger months through the summer. One month of data is not enough to determine whether this marks a shift in direction, so November’s results will help show whether this dip is meaningful or simply a pause.
Detached Home Prices
The median price for detached homes was $1,245,000.
- Down 4.6% month-over-month
- Down 5.8% year-over-year
Detached properties continue to face affordability pressure, although well priced homes in established neighbourhoods still generate strong interest.
Semi Detached Home Prices
The median price for semi detached homes came in at $1,057,000.
- Down 1.2% month-over-month
- Down 10.0% year-over-year
Semis remain in demand among buyers who want more space but are priced out of the detached market. However, the steep yearly decline shows the impact of affordability limits in this segment.
Townhouse Prices
Townhouses recorded a median price of $1,050,000.
- Up 0.7% month-over-month
- Down 11.8% year-over-year
Townhouses continue to attract move up buyers who are looking for more room than a condo, without moving into the fully detached price bracket.
Condo Apartment Prices
Condo apartments posted a median price of $588,000.
- Up 0.5% month-over-month
- Down 5.9% year-over-year
The condo market is balanced in some pockets and more buyer friendly in others. I am noticing a slight uptick in activity lately, so I am curious to see whether the November data supports what I am seeing on the ground.
What Is Shaping Today’s Market
After three stronger months of sales, activity has leveled off, but overall pricing remains steady across most property types.
Interest rates are now lower and more manageable than they were earlier in the year. Combined with a strong October jobs report, there are some signs that buyer confidence could improve. Whether that shift shows up in the data remains to be seen.
Final Thoughts
That completes the October 2025 Toronto Market Report. The market is holding its balance for now, with prices staying relatively steady and sales softening slightly. I will be watching the November numbers closely to see whether confidence improves or whether this cautious tone continues.
If you want help understanding how these shifts relate to your buying or selling plans, I am always here to chat.
