Softer Sales, Smarter Buying: GTA Condo Insights | Watch Today’s Real Estate Updates & Tips

Condo sales across the Greater Toronto Area ↓ 7% yearly in October, mirroring the slowdown seen in the low-rise segment.
New condo listings ↓ 3%, but active listings ↑ 10%, showing that units are spending longer on the market.
The Months of Inventory for condos ↑ to 5.9, indicating a market that is balanced but tilting toward buyers.
Despite the softer market, 15% of condos sold above the asking price, a modest rise from previous months.
The avg condo price ↓ 5% to $678K, while the median ↓ 7% to $595K, confirming ongoing downward price pressure.