Hello! Here is the November 2025 real estate market update
Mississauga and GTA real estate market experienced decreased activity in October 2025 over October 2024.
Number of sales in October 2025 was 9.5% lower than in October 2024.
The average home price was lower by 7.2%! comparing to October of 2024.
Sales were down in almost all categories except for townhouse category in 416 area.
The biggest decrease in sales (-16.9%!!!) was in condo apartment category in 905 area.
Please have a look below
Source: Market Watch, TRREB
The average house price was down by 9.5% comparing to October of last year, and in terms of dollars, it was $81,322 lower!!.
The average house price, comparing to the previous month in terms of dollars went down by $5,005
Please have a look below.
Source: Market Watch, TRREB
Summary
- The GTA real estate market was much less active in October 2025 than a year ago.
- The average house price was over $81,000 lower in October 2025 than in October 2024, and also over $5,000 lower comparing to the previous month of September 2025.
- On October 29 Bank of Canada lowered overnight interest rate by 0.25%. The posted mortgage rates in most banks remained unchanged, but the discounted rates in the 5 to 10-year terms were lowered. The variable mortgage rate was also lowered.
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Mississauga & GTA Real Estate Market Watch
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Current Interest Rates
GTA Realtors® Release October 2025 Stats
TORONTO, ONTARIO, November 5, 2025 – 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.
GTA REALTORS® reported 6,138 home sales through TRREB’s MLS® System in October 2025 – down by 9.5 per cent compared to October 2024. New listings entered into the MLS® System amounted to 16,069 – up by 2.7 per cent year-over-year.
On a seasonally adjusted basis, October home sales were down month-over-month compared to September 2025. New listings were also down compared to September.
The MLS® Home Price Index (MLS® HPI) Composite benchmark was down by five per cent year-over-year in October 2025. The average selling price, at $1,054,372, was also down by 7.2 per cent compared to October 2024.
On a month-over-month seasonally adjusted basis, the MLS® HPI Composite was essentially flat compared to September. The average selling price was down compared to September.
“The monthly mortgage payment for an average-priced GTA home continued to trend lower in October, benefitting from both lower borrowing costs, and lower selling prices. This means more buyers can now afford to purchase a home that meets their housing needs. Once we have more certainty on the economic front, including trade with the U.S. and China, home sales should increase,” said TRREB Chief Information Officer Jason Mercer.
“Housing is essential economic infrastructure. As the population continues to grow, innovation and private capital are required to accelerate new construction across all housing types. Governments can help by modernizing tax rules, cutting buyer costs, and ending exclusionary zoning. Working together, we can rebuild confidence, create jobs, and deliver the homes Ontarians need. We have to act now,” said TRREB CEO John DiMichele.
Source: Market Watch, TRREB
Mississauga & GTA Home Sales
October 2024 - October 2025 Comparison
Average house price was down by $81,322, number of sales was down by 646 units, time to sell a house was 7 days longer.
Mississauga & GTA Home Sales
September 2025 - October 2025 Comparison
Average house price was lower by $5,005, number of house sales was higher by 546 units, time to sell was 1 day shorter.
Current Interest Rates
Rates quoted by Invis Canada are subject to change up↑ or down↓ without notice.
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Quote of the Month Do everything with a mind that lets go. Do not expect praise or reward. ~ Achaan Chah ~ |
Sales and Average Price Up in Calendar Year 2013
January 6, 2014 – Greater Toronto Area REALTORS® reported 4,078 residential
transactions through the TorontoMLS system in December 2013 – up by almost 14 per cent
compared to 3,582 sales reported in December 2012. New listings entered into the
TorontoMLS system were down by almost four per cent over the same period.
Total sales for calendar year 2013, at 87,111, were up by approximately two per cent
compared to 85,496 transactions in calendar year 2012.
“After a slow start to the year, sales growth accelerated to a brisk pace in the second half
of 2013. Despite the inclement weather in December, we finished the year with a
respectable gain in transactions compared to 2012. Looking forward, I believe that home
ownership in the GTA will remain affordable as borrowing costs stay low. The result could
be a further increase in sales in 2014,” said Toronto Real Estate Board President Dianne
Usher.
“The average selling price will be up again in 2014 and by more than the rate of inflation.
The seller’s market conditions that drove price growth in the second half of 2013 will
remain in place in many parts of the GTA. Some neighbourhoods, especially those
characterized by low-rise home types like singles, semis and townhomes, will continue to
have less than two months of inventory,” said Jason Mercer, TREB’s Senior Manager of
Market Analysis.
The average selling price for December 2013 sales was $520,398 – up by 8.9 per cent
compared to the average of $477,756 in December 2012.
The average selling price for 2013 as a whole was $523,036, which represented an increase
of 5.2 per cent compared to the calendar year 2012 average of $497,130.