Cooling Demand, Rising Opportunities for Homebuyers in GTA | Watch Today’s Real Estate Updates & Tips

House sales across the Greater Toronto Area were down 7% yearly in October, showing continued cooling in demand.
New listings ↑ 9% yearly, while active listings ↑ 28%, indicating that inventory levels are expanding faster than sales.
The Months of Inventory for houses ↓ to 4.4, suggesting a market leaning toward balance but still favoring buyers.
Only 22% of homes sold for more than the list price, reflecting weaker competition among buyers.
The avg house price was $1.26M, and the median price was $1.06M, both ↓ 7% yearly.