We know keeping up with the real estate market can feel overwhelming, so we wanted to break down what’s actually happening out there right now. Grab a coffee and let’s chat about what October’s numbers mean for you.

The Big Picture: The GTA is Looking Good

If you’ve been following the news, you know the GTA market has been on quite a journey. The good news? Things are settling into a more predictable rhythm, and that’s actually great for everyone involved.

Here’s what caught our attention this month:

The Economy is Holding Strong

Employment in Toronto jumped 8.9% compared to last year. That’s huge! When people have stable jobs, they feel confident about their futures – and that includes making real estate decisions.

Interest rates are sitting at pretty reasonable levels too (Prime Rate at 4.7%), which makes financing more manageable for buyers and helps sellers know their buyers can actually close the deal.

The Market is Healthy and Active

The GTA saw over 6,100 home sales in October, with more than 16,000 new listings hitting the market. That’s a 2.7% increase in fresh inventory compared to last year, which tells us sellers are confident and buyers have options.

What Makes the GTA So Special?

One of the best things about working across the entire Greater Toronto Area is the incredible diversity of options. Let’s talk about what’s happening in different parts of our region:

Toronto Itself – The city core continues to attract buyers looking for urban lifestyle, walkability, and condo living. Average prices in Toronto came in at $1,069,807 in October, with different neighborhoods offering everything from high-rise living to charming semi-detached homes in established communities.

York Region – This area continues to punch above its weight with an average sale price of $1,229,218. From Markham to Richmond Hill to Vaughan, buyers are drawn to excellent schools, newer infrastructure, and that sweet spot between urban and suburban living. We had 1,050 sales across York Region in October.

Durham Region – Talk about value! With an average price of $889,153, Durham offers growing families and first-time buyers a chance to get more house for their money. Areas like Ajax, Whitby, and Oshawa are seeing strong interest from buyers who want space without breaking the bank.

Peel Region – Brampton and Mississauga continue to be powerhouses, with 1,097 sales in October. The diversity of housing stock here is incredible – from starter condos to executive estates, there’s truly something for everyone.

Halton Region – Burlington, Oakville, Milton, and Halton Hills averaged $1,188,851 in October. These communities offer a compelling mix of lakeside living, GO train access, and highly-rated schools that keep families coming back.

Right Here in Vaughan: Leading the Way

Vaughan homes sold for an average of $1,230,833 in October – one of the highest in the entire GTA.

Our city had 293 sales last month, and here’s what buyers keep telling us: they love the master-planned communities, the proximity to Highway 400 and 407, the shopping at Vaughan Mills and SmartCentres, and let’s be honest – Canada’s Wonderland doesn’t hurt either!

If You’re Thinking About Selling…

Here’s the exciting part: no matter where in the GTA your property is located, there ARE buyers looking in your neighborhood right now.

But (and this is important) – the market rewards preparation.

What does that mean?

• Proper pricing based on what’s actually selling in your specific area
• Professional presentation that makes buyers fall in love at first showing
• Strategic marketing that reaches beyond just MLS to find the right buyer
• Expert negotiation that protects your investment

We’ve sold homes from condos in downtown Toronto to executive estates in King City, and the one constant? Homes that are well-positioned for their specific market consistently outperform.

The beauty of the GTA market right now is that we have active buyers at every price point – from first-time buyers looking in Durham and Peel, to move-up buyers targeting York Region, to luxury purchasers seeking premium Toronto neighborhoods.

If You’re Thinking About Buying…

One of the best things about the current market? You actually have time to make a good decision.

With 16,000+ new listings last month and more balanced conditions, buyers can:

• Actually see multiple properties before deciding
• Do proper inspections and due diligence
• Not feel pressured into bidding wars on every home
• Find the neighborhood that truly fits their lifestyle

Whether you’re a first-time buyer stretching to get into the market in Durham, a growing family looking for space in Peel or York Region, or a downsizer wanting a low-maintenance condo in the city – there are real opportunities out there right now.

And with reasonable interest rates, the financing piece is more manageable than it has been in recent years.

The Bottom Line: It’s a Working Market

Here’s what really matters:

The GTA market is working the way it should.

From Oshawa to Oakville, from downtown Toronto to the outer suburbs, homes are selling. Not at the frantic pace of 2021, but at a sustainable, healthy pace that allows both buyers and sellers to make smart decisions.

Sellers who price right and present well are getting results. Buyers who are prepared and decisive are finding great homes.

It’s not the emotional roller coaster of peak pandemic times. It’s a market where knowledge, preparation, and strategy actually matter – which is honestly better for everyone.

Let’s Talk About YOUR Situation

Every situation is unique. Maybe you’re wondering if now’s the right time to list your home in Markham. Maybe you’re curious what your downtown Toronto condo is worth. Maybe you’re a first-time buyer trying to figure out which neighborhood gives you the most bang for your buck.

That’s what we’re here for.

We don’t just work in one neighborhood – we work across the entire GTA. That means we can tell you what’s happening in Richmond Hill versus Mississauga versus Pickering. We know which areas are trending up, what buyers are prioritizing, and how to position your property (wherever it is) to stand out.

So here’s our offer: Let’s have a no-pressure conversation about your real estate goals. Whether you’re ready to move tomorrow or just planning for next year, we can give you honest insights about what to expect in your specific area.

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Ready to chat? Reach out to Team Elfassy. We promise to keep it real, keep it simple, and help you make the smartest decision for your situation – wherever in the GTA that happens to be.

Market stats from Toronto Regional Real Estate Board (TRREB), October 2025