October 2025 Market Report
October 2025 Newsletter
Thurston Olsen Real Estate Group
Hey Friends!
October is here! The leaves are changing, the air’s crisp, and Toronto is settling into fall routines, and pumpkin spice is officially out of hiding. Let’s not forget our beloved Blue Jays return to October Baseball – LET’S GO JAYS!
The real estate market is in full swing too!
Fall is traditionally one of the busiest seasons. Buyers are focused, sellers are motivated, and fresh listings are hitting the market.
It’s a great time to take stock:
Thinking of selling? This is one of the prime windows before the holiday slowdown.
Buying? Inventory typically expands this time of year, giving you more choice.
Just curious? Keeping tabs on your neighbourhood’s market activity can give you a sharper edge when you do decide to move.
And because fall wouldn’t be complete without a little sweetness… let’s just say there may be some pumpkin pie in your future (see below for details!)
Here’s your October 2025 Market Update!
What We Are Seeing From the Field
September gave the Toronto market a bit of a boost. With the Bank of Canada’s recent rate cut, monthly mortgage payments became a little more manageable, and that helped to bring more buyers off the sidelines. Compared to last September, sales jumped 14.1%, even though prices were down about 2.1% year-over-year. Buyers are still enjoying a lot of choice, which means they’ve been able to negotiate in many cases and keep prices in check.
But here’s the twist: not every part of the market feels the same. While condos are moving at a slower pace, in-demand freehold properties are still drawing crowds, and yes, multiple offers are very much still happening in some pockets. Month-to-month, sales ticked up from August while new listings remained steady, which could add a little extra pressure to certain neighbourhoods as we head deeper into the fall market.
The big picture? Buyers are cautiously stepping back in, sellers who price strategically and present well are finding success, and the market continues to be a mix of opportunities and challenges depending on the property type and location. It’s shaping up to be a lively (and competitive) fall season.
Check out the September year-over-year stats below for more information on the current market.
If you would like statistics specific to your neighbourhood, an updated Comparative Market Analysis for your home, or help deciphering what the numbers could mean for you, please let us know and we would be happy to provide that for you.
FREE PUMPKIN PIE!
Join Us At Our First Annual Pie Giveaway
We love our amazing clients and our neighbourhood, so we’re saying THANK YOU the sweetest way we know how… with FREE pie!
On Saturday, October 11 at 10am, we’ll be at Greenwood Park giving away *100 free pumpkin pies.
Come by, grab one, and let’s kick off Thanksgiving weekend together!
*first come, first served. Limit 1 pie per family.
Fixed vs. Variable: What’s the Right Mortgage for You?
One of the most common questions we hear is: should I go with a fixed or variable rate mortgage? The truth is, there’s no one-size-fits-all answer. It really comes down to your comfort level and long-term goals.
A fixed rate gives you stability: you’ll know exactly what your payments are for the entire term. That peace of mind is great for budgeting (especially for first-time buyers), and it protects you if rates rise. The trade-off? Fixed rates usually start a bit higher, and if you need to break your mortgage early, penalties can sting.
A variable rate, on the other hand, often starts lower and has historically cost less over the long run. Penalties for breaking early are typically smaller too. But there’s more uncertainty: your payments can change if rates move, and that can be stressful if you’re tight on cash flow.
Right now, fixed rates are sitting close to long-term averages and look pretty attractive, especially 5-year terms for those who want stability. With that said, with the Bank of Canada expected to cut rates again, variable borrowers could see more savings if they’re comfortable riding out short-term bumps.
At the end of the day, it’s about what helps you sleep at night: the predictability of fixed, or the potential savings of variable. If you’re not sure, we can connect you with one of our trusted mortgage brokers to run the numbers for your situation.
We’re Here To Help!
As always, we would be happy to help you and any of your friends, family, colleagues, or neighbours with real estate services or advice. If you can think of anyone who could use our help, feel free to make an introduction! We promise we’ll make you look good.
Cheers!
Chris and Ford
September 2025 Market Report
September 2025 Newsletter
Thurston Olsen Real Estate Group
Hey Friends!
September already? The CNE’s packed up, the kids are back to school, and pumpkin spice is quietly plotting its comeback.
Toronto is shifting gears, from summer patios to fall routines, and the real estate market is doing the same.
The Fall Market is traditionally one of the busiest seasons in Toronto real estate. With buyers focused, sellers motivated, and a fresh wave of listings hitting the market after Labour Day, it’s a prime time to make a move.
Whether you’re settling back into city life, keeping an eye on your neighbourhood’s activity, or thinking about a fall sale, we’ve got you covered.
Here’s your September 2025 Market Update. Your go-to for the latest stats, insights, and trends to help you stay ahead.
What We Are Seeing From the Field
Out in the field this past month, the story has been about choice. August sales were up compared to last year, but new listings climbed even higher, giving buyers the upper hand in negotiations. With average prices sitting 3.6% lower year-over-year, many buyers are taking their time, shopping around, and some securing homes below asking. With that said, the right houses are still attracting eager buyers, and in many cases, multiple offers!
For sellers, this means strategy is key, homes that are well-priced and well-presented are the ones that stand out and sell.
While activity dipped slightly from July, the market is still well-supplied heading into fall. With interest rates holding steady, and whispers of future cuts (possibly even a .25% cut this month), there’s a sense that more buyers could step back in as affordability improves.
In short, it’s a balanced market with opportunities on both sides, and the next few months could be an important window for making a move. The key is knowing how to navigate the market (we can help with that ).
Check out the August year-over-year stats below for more information on the current market.
If you would like statistics specific to your neighbourhood, an updated Comparative Market Analysis for your home, or help deciphering what the numbers could mean for you, please let us know and we would be happy to provide that for you.
What Is Bridge Financing (And Why Might You Need It)?
Buying your next home before your current one closes is a common occurrence in real estate, and it’s crucial that you have your ducks in a row, before you pull the trigger.
That’s where bridge financing comes in. It’s a short-term loan that lets you tap into the equity from your existing home so you can put a down payment on your next one, without waiting for the sale to officially close.
Why it matters:
– You can secure your dream home without stressing over matching closing dates (super important if competing for your new home).
– It gives you breathing room to accept the best offer on your current place, even if the dates don’t line up.
– Extra flexibility: move in gradually, do a few renos, or skip the hassle of temporary housing and storage.
How it works:
Once your current home is sold (firm deal in place), your lender can set up a bridge loan that gets paid back when your sale closes. Most lenders offer them, but the key is that your mortgage is usually with the same lender.
A pro tip:
If possible, negotiate a longer closing date on your purchase. Lenders often need at least 15 business days between your sale and purchase closing dates to make the bridge financing process smooth and stress-free.
What does it cost?
Bridge loans are short-term (usually 30–90 days), with interest rates a bit higher than your mortgage (typically 2–4% above prime) and sometimes a flat admin fee ($200–$500). The good news? Since they’re short-lived, costs usually stay manageable.
Part of our job is making sure you’re set up for success. It’s the little details that can easily get missed without the right guidance, and that’s where we come in. With our experience and network of trusted professionals, we’ll help make your next move as smooth as possible. Have questions? Just reach out, we’re here to help!
COMING SOON!
The Fall market is starting off with a bang and we’re very excited to share that we’ve got three awesome new listings hitting the market this month!
A super-cool loft in the heart of King West with a huge private terrace and CN tower views, a wide and character-filled Beaches semi with tons of potential, and a Leslieville detached beauty, steps to Greenwood Park that checks all the boxes.
If one of these sounds like it could be your next move (or you know someone who’s looking), let’s chat! These gems won’t last long!
We’re Here To Help!
As always, we would be happy to help you and any of your friends, family, colleagues, or neighbours with real estate services or advice. If you can think of anyone who could use our help, feel free to make an introduction! We promise we’ll make you look good.
Cheers!
Chris and Ford
May 2025 Market Report
May 2025 Newsletter
Thurston Olsen Real Estate Group
Hey Friends!
If you know the TO Group, you know we live for this time of year – not just because patios are buzzing and the Blue Jays are swinging for the fences – but because the Toronto Maple Leafs are in the playoffs and the spring real estate market is in full stride!
There’s just something electric about May in Toronto. The city comes alive – flags on porches, jerseys on backs, and Sold signs popping up on front lawns like spring tulips. Buyers are out, listings are blooming, and for many families, it’s game time.
Whether you’re looking to score your next dream home, weighing a move, or just keeping an eye on the market (while nervously watching OT), we’ve got you covered.
Here’s your May 2025 Market Update – complete with all the latest stats, insights, and opportunities to help you stay ahead of the play.
Let’s drop the puck and get into it!
What We Are Seeing From the Field
April brought a typical seasonal increase in real estate activity compared to March, but total home sales across Toronto were still down compared to this time last year. In fact, Toronto REALTORS® reported 2,129 sales through TRREB’s MLS® system – a 17.5% drop year-over-year. Why? Many buyers are still sitting on the sidelines, waiting for lower borrowing costs and more economic certainty before jumping in.
With that said, new listings were up 6.8%, giving buyers more choice and leverage. With inventory at elevated levels, buyers had more room to negotiate, which put downward pressure on prices across some segments of the market.
Taking into account all market segments in Toronto, the average selling price in April was $1,144,977, down 0.6% compared to April 2024.
What does that mean for you? If you’re a buyer, it’s a rare moment of increased supply and softer prices – a window of opportunity in a market that usually moves fast. If you’re a seller, pricing strategy and presentation are key, especially as more inventory means more competition.
Looking ahead, we expect that many households are keeping a close eye on how the new federal government handles trade relations, particularly with the U.S.
A more optimistic economic outlook could restore consumer confidence and bring more buyers back into the market.
Check out the April year-over-year stats below for more information on the current market. If you would like statistics specific to your neighbourhood, an updated Comparative Market Analysis for your home, or help deciphering what the numbers could mean for you, please let us know and we would be happy to provide that for you.
What to Expect for Housing & Mortgages After the Election
Well – that all happened quickly! With the Liberals re-elected under new leader Mark Carney, and another minority government in place, housing remains front and centre in Canadian policy conversations.
Here’s a quick breakdown of what the election outcome could mean for buyers, sellers, and homeowners:
Help for First-Time Buyers
One of the biggest promises? Removing GST on new homes under $1 million for first-time buyers. That’s a potential savings of up to $50,000. The policy hasn’t been passed yet, but it’s expected to be outlined in the federal budget next month.
Big Push for New Builds
Over $25 billion has been pledged to speed up housing construction – especially affordable and rental units where Canadians want to live – with support for municipalities, non-profits, and developers through low-cost financing.
Infrastructure & Zoning Support
Expect continued investment in transit, utilities, and municipal partnerships to support higher-density development, especially around transit stations — something Toronto has already been moving toward.
Rates Could Dip Further
Economists are predicting that The Bank of Canada may cut rates once or twice more this year, depending on economic conditions. That’s welcome news for variable-rate borrowers and anyone with a renewal coming up. Still, with global uncertainty, the path forward isn’t set in stone.
We’ll have more clarity once the federal budget is released – likely in June. In the meantime, it’s a great opportunity to review your plans and chat through any moves you’re thinking of making this year.
It’s Patio Season! (And we couldn’t be happier)
It’s always an exciting time of year when you can trade winter boots for sunglasses and hit some of your favourite patios! Here are some of our faves:
When we’re feeling laid-back after some tough negotiations, you’ll find us at Betty’s East soaking up the sun with a pint, or enjoying the family-friendly vibes and strong espresso game at Black Pony on Gerrard St E.
CafeTO’s patio setups make the city feel a bit like a Euro vacation (minus the airfare), while Lion on the Beach is perfect for casual hangs and people-watching on Queen St E in the Beach(es).
For tacos and tequila under the stars, it’s hard to beat the back patios at Chula or Tinga Kim in Leslieville. Bonus points to Nodo for pasta, wine, and a great vibe.
Do you have any favourites that we missed? Let us know – our research is always ongoing!
We’re Here To Help!
As always, we would be happy to help you and any of your friends, family, colleagues, or neighbours with real estate services or advice. If you can think of anyone who could use our help, feel free to make an introduction! We promise we’ll make you look good.
Cheers!
Chris and Ford
April 2025 Market Report
April 2025 Newsletter
Thurston Olsen Real Estate Group
Hey Friends!
If you know the TO Group, you know we live for this time of year—not just because Blue Jays baseball is back, but because the Spring Market is heating up!
There’s something about that first crack of the bat that signals the start of a fresh season… and in real estate, it’s no different.
Spring is when the market shakes off the winter frost and comes alive—more listings, more buyers, and more opportunities for families to hit a real estate home run (if one of us is a Dad, does that give us permission to make jokes like that?)
Whether you’re scouting the field for your next place, considering a sale, or just like staying in the know, we’ve rounded up all the key stats and insights to help you make smart moves this spring.
Let’s dive into your April 2025 Real Estate Update—Play Ball!
What We Are Seeing From the Field
We’ve seen some encouraging shifts in the Toronto real estate market this March despite the constant news reports of tariffs, struggling economies, political instability, etc.
But let’s take a closer look at the numbers
Compared to last year, homeownership is becoming more accessible—great news for buyers who’ve been sitting on the sidelines. But for sellers? The sky is not falling. In fact, average prices in the City of Toronto are actually up 2.2% year-over-year—a sign that demand for urban living is still going strong.
Toronto March 2025 Highlights:
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Home sales: down 17.3%
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New listings: up 30.6%
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Average price: up 2.2%
More listings means more choice for buyers, which naturally cools competition a little—but it also brings serious buyers into the market who now feel they can shop around and make confident decisions. If your home is priced well and shows beautifully, you’re still in a solid position to attract attention.
GTA-Wide Trends (for comparison):
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Home sales: down 23.1%
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New listings: up 28.6%
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Average price: down 2.5%
Compared to the GTA as a whole, Toronto is holding its value better and proving that location still matters. We’re also keeping a close eye on interest rate movements—expected cuts this spring could spark renewed activity and bump demand.
Bottom line? Whether you’re buying, selling, or just curious, this market has opportunities—you just need the right game plan. And hey, that’s where we come in
Check out the March year-over-year stats below for more information on the current market. If you would like statistics specific to your neighbourhood, an updated Comparative Market Analysis for your home, or help deciphering what the numbers could mean for you, please let us know and we would be happy to provide that for you.
In the News
We always get a kick out of some of the headlines we see about Toronto real estate.
We get it—journalists need to grab attention, and a dramatic headline is a great way to get people clicking and reading.
The problem? Sometimes those catchy titles can lead to a misunderstanding of the facts, which can stir confusion and even impact the market itself.
So, we thought we’d share a couple of recent headlines and offer some context. We’d love to hear your take, too! Feel free to reply to this email or give us a call. It’s always refreshing to hear perspectives from outside the Toronto real estate bubble we live in every day.
Headline: “Buyers offering way under asking price for homes in most parts of Toronto Area”
You might assume that prices have dropped significantly—but is that really the case? The truth is, listing strategies are always changing.
When a home sells “over asking,” it’s often just selling for market value. In many neighbourhoods, sellers will price a home below its true value to attract more buyers and spark competition. The goal? Drive the price up and sell “over asking.”
But that doesn’t always work.
Sometimes the market doesn’t respond, and the seller re-lists at a higher price with room to negotiate downward—closer to true market value. It all depends on the neighbourhood, timing, and what strategy is working that week. If we look at the average value of a home in the City of Toronto comparing March to February of 2025, the price has actually increased by 2.2%, which would prove that prices are not tumbling.
The market is always shifting and that’s why it’s extremely important to hire a professional who works in the market 7 days a week (that’s us!).
Headline: “Canadian Mortgage Arrears Climb To The Highest Rate Since 2021”
At first glance, that headline may have you thinking Canada is in serious trouble and homeowners are dropping their keys at the bank. But let’s take a breath and look at the facts.
First, a quick reminder: a mortgage is technically in arrears if a payment is just one day late. That’s it! And while the term sounds scary, it’s one of the most misunderstood economic indicators out there.
Yes, rising costs have made it harder for many households to stay perfectly on track. And yes, sometimes a late payment happens—not always because someone can’t afford their home, but because there’s simply less wiggle room these days.
Let’s look at the actual data:
The Canadian Bankers Association recently reported that the mortgage arrears rate in Canada rose slightly to 0.22% in January. That’s a 57% increase from the record low in 2022—but still well below 1%.
So, is that really a sign of mass panic? Or just a small shift in a very large system?
If you know us, you know we’re generally glass-half-full kind of guys. Of course, we never want to see anyone default on a mortgage—but let’s not let scary headlines paint an exaggerated picture. This is more of a blip than a crisis, in our humble opinion.
Do you have any other headlines that you’d like for us to analyze and provide perspective? Feel free to send them our way!
We’re Here To Help!
As always, we would be happy to help you and any of your friends, family, colleagues, or neighbours with real estate services or advice. If you can think of anyone who could use our help, feel free to make an introduction! We promise we’ll make you look good.
Cheers!
Chris and Ford
