Navigating “Interesting Times” in the GTA Real Estate Market

“May you live in interesting times.” You’ve probably heard that old saying before, often called an ancient Chinese curse, though its origins are unclear. It’s meant ironically: instead of wishing you peace and stability, it wishes you uncertainty and upheaval.

I’d say we are definitely living in “interesting times” right now, especially when it comes to the real estate market.

According to the Toronto Regional Real Estate Board (TRREB), 6,138 homes sold across the GTA in October 2025, which is below the roughly 9,000 sales that would represent a typical balanced market. Despite that dip in activity, the average selling price remained fairly steady at $1,054,372, just 7.2% lower than the same month last year. Inventory continues to rise, with over 16,000 new listings added in October, giving buyers more choice than we have seen in quite some time.

So what is driving the slower pace? In short, uncertainty. Many potential buyers are holding back, waiting to see how broader economic factors play out, including trade tensions and the direction of interest rates. But the buyers who are moving forward are the confident ones, recognizing the rare combination of lower borrowing costs, better selection, and strong negotiating power.

This combination will not last forever. As interest rates continue to trend downward and the government takes steps to stimulate the economy, more buyers are expected to re-enter the market, bringing sales closer to normal levels.

Right now, the real opportunity is not necessarily in price, since prices have only adjusted moderately, but in choice. There is finally time to breathe, explore options, compare properties, and negotiate terms that make sense for you.

A Closer Look: Toronto and Vaughan

Let’s zoom in on two areas close to my heart, Toronto and Vaughan.

In Toronto, buyers are benefitting from increased supply and a calmer environment. Detached homes have held their value relatively well, while condos have seen slightly more price correction, opening doors for first-time buyers and investors who were priced out in previous years. The key right now is location. Well-situated homes in desirable neighbourhoods are still moving quickly when priced realistically.

In Vaughan, we are seeing an attractive blend of affordability and lifestyle value. Detached and semi-detached homes have experienced softer pricing compared to peak years, yet Vaughan remains one of the most sought-after markets for families looking for space, newer amenities, and strong long-term growth potential. With several major infrastructure and transit projects on the way, Vaughan continues to shine as one of the GTA’s most promising investment areas.

For buyers, this means opportunity. The current environment is very much a buyer’s market, where you can take your time, explore different options, and negotiate more favourable terms. For sellers, it means being strategic: pricing right, presenting well, and understanding that today’s buyers have more choices than before.

My Take

These “interesting times” can actually work in your favour if you are a buyer or an investor. The market has shifted to provide more inventory, more flexibility, and a chance to make smart, well-timed decisions without the pressure of bidding wars.

If you are thinking about making a move, now is the perfect time for us to sit down and review your options. Let’s talk strategy, timing, and how to make this market work best for you.

Your Friends in Real Estate,

Maria Patino & Giuseppe Strazzeri