In October, GTA home sales continued to decline — down 9.5% year-over-year — while inventory rose 2.5%, giving buyers more negotiating power.
The average home price sat at $1.054 million, a 4.7% decrease compared to last year but flat month-over-month, suggesting that prices are starting to stabilize.
Buyers are benefiting from increased inventory and more options, while sellers are adjusting expectations to align with current market conditions.
Overall, the GTA market is showing signs of balance as we head toward the end of the year, with opportunities emerging for buyers ready to make their move.