Condo Comeback: Debunking the October Real Estate Headlines | Episode 103

Toronto Real Estate Market Update — October (Episode 103)

This week we break down the real story behind October’s GTA numbers (spoiler: it wasn’t doomsday). We cover where sales grew, which segments are stabilizing, why that viral “53 condo sales” headline was misleading, and what months of inventory say about the market heading into the holidays. Plus: Joey’s four-day birthday, zombie wrestling at Superkick’d, a chef’s-table feast at Giulietta, the Jays’ wild run, and a surprising “news you can use” about the City planting free trees on your frontage.

What you’ll learn

📈 October at a glance: sales up ~10% MoM, new listings down ~16%, average GTA price ~$1,054,000 (flat vs. Sept; ~-7.2% YoY)

🏘️ Segment momentum:

Condos: 1,072 resales (best month of 2025), ~+2.66% MoM price

Semis: transactions +22% MoM, prices ~+3.2% MoM

Towns: transactions +13% MoM, price noise (~-4.9% MoM) explained by mixed ownership types

Detached: transactions +10.7% MoM, price ~-4% MoM

📊 Absorption & balance: Months of Inventory tightened

Semis ~2.6 (tightest), Towns ~3.6, Detached ~4.5, Condos ~5.7

🕵️ Myth-busting: That “53 condo sales” stat refers to pre-construction only—resale condos cleared 1,000+ deals in October.

🧾 Practical takeaways: more room for conditions, clearer pricing bands, and how a potential rate-path lower could impact variables vs. fixed.

🌳 City tip: Toronto Urban Forestry can plant a free street tree on eligible frontages (check via 311).

🍝 Local love: Why Giulietta’s chef’s table is worth it.

🧟 Fun stuff: Joey’s annual Zombie Wrestling pilgrimage (Superkick’d!).

Work with us

Buying or selling in Toronto (condo, loft, freehold, or POTL)? Book a no-pressure consult with Mark & Joey at Toronto Livings. We’ll walk you through strategy, timing, and comps tailored to your neighbourhood and price point.

Listen & connect

🎧 Toronto Livings Podcast — subscribe for monthly market breakdowns, neighbourhood deep dives, and investor chat.

📩 Questions? Drop them in the comments or DM us on Instagram @torontolivings.

#TorontoRealEstate #GTAMarketUpdate #TorontoCondos #TorontoHomes #TRREB #InterestRates #MonthsOfInventory #TorontoLivings #MarkSavel #JoeyVirgilio #Giulietta #Superkickd #TorontoTips

CHAPTERS

(00:00) Introduction and Episode Overview

(01:04) Celebrating Joey's Birthday

(01:45) October Numbers and Market Insights

(02:44) Joey's Zombie Experience

(05:08) Toronto Blue Jays and Community Spirit

(09:13) Dining at Julietta

(13:11) City Tree Planting Program

(17:41) New Listings and Rentals

(19:13) October Real Estate Market Analysis

(20:02) Media Misconceptions and Market Realities

(20:47) Market Trends and October Insights

(21:55) Sales and Inventory Analysis

(25:52) Segment Performance Breakdown

(31:36) Months of Inventory and Market Sentiment

(35:42) Alien Theories and Technological Advancements

(42:16) Upcoming Topics and Final Thoughts

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