September’s rate cut sparked optimism, leading to a rise in new listings in October. However, buyer demand hasn’t kept pace, with many homes lingering due to pricing mismatches.

TRREB reported 6,138 sales in October 2025 — down 9.5% year-over-year — while new listings rose 2.7% to 16,069, highlighting growing supply.

The Bank of Canada’s consecutive rate cuts aim to restore confidence and affordability. While this may gradually draw buyers back, recovery is expected to be slow. Those with stable finances are best positioned to benefit, though caution remains amid broader economic uncertainty.

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