“Home sales in the Greater Toronto Area (GTA) were down year-over year in October, while new listings were up. Market conditions continued to favour homebuyers, as average selling prices were negotiated down alongside lower mortgage rates.
'Buyers who are confident in their employment situation and ability to make their mortgage payments over the long term are benefitting from affordable housing market conditions relative to the past few years. However, many intending homebuyers remain on the sidelines due to uncertainty about their economic future,' said TRREB President Elechia Barry-Sproule."**
To access the full report, click here: https://trreb.ca/market-data/market-watch/
If you would like more details or are curious to see what your home is worth, looking to Buy, Sell or Invest in 2025, please call us at 📞416-806-9225.
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** Source: Toronto Regional Real Estate Board (2025)
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