🍂 October Market Update + A Thanksgiving Message from The Schott Team

Hi everyone,

We hope this finds you well and enjoying what’s been a truly beautiful start to fall. The warm weather has lingered a little longer than expected, the kids are back into their school routines, and the city has that cozy, golden glow that makes Toronto in autumn so special.

With Thanksgiving weekend here, Jason and I want to take a moment to share our gratitude. Whether we’ve helped you buy your first home, sell your family property, or simply offered some guidance along the way — we are so thankful for your trust, your referrals, and your continued support. After more than two decades in real estate, we know that the relationships we’ve built are what truly make this business meaningful.

Now, let’s talk about what’s happening in the market — because there’s some encouraging news this month!

🏡 Toronto Real Estate Market Update – September 2025

September brought a bit of a shift in the Greater Toronto Area’s real estate landscape. Home sales increased compared to last year as more buyers stepped in to take advantage of lower borrowing costs and greater choice.

The Bank of Canada’s rate cut in September was welcome news for many, helping to make monthly mortgage payments more manageable and opening doors for more households to afford homes that meet their needs.

Here’s a quick snapshot of what we saw:
 📈 5,592 home sales were reported through TRREB’s MLS system — up 8.5% from September 2024.
 🏘️ Listings increased by 18.9%, giving buyers more selection across all home types.
 💰 The average selling price came in at $1,059,377, down 4.7% year-over-year.
 🏢 Condo sales rose 9.5% from last September — another encouraging sign of steady activity.

TRREB’s Chief Market Analyst, Jason Mercer, shared that while sales have improved, they still remain below historical averages. He noted that two more modest rate cuts could bring monthly mortgage payments more in line with average incomes, which would further boost buyer confidence and stimulate sales.

🔍 What This Means for Buyers and Sellers

While we’re still technically in a buyer’s market, these shifts suggest that momentum is slowly building. Increased sales activity will eventually influence price appreciation — and when that happens, many of those “wait-and-see” buyers sitting on the sidelines will likely decide it’s time to make their move.

For sellers, pricing strategically and presenting your home beautifully (staging still matters!) remains key. For buyers, this is an opportunity-rich market with more inventory and room to negotiate.

💛 Our Thanksgiving Message

As we gather with family and friends this Thanksgiving weekend, we’re reminded that real estate is so much more than transactions — it’s about people, connection, and community. Helping our clients find the right home, the right neighbourhood, or the next step in their journey is a privilege we never take for granted.

From our family to yours, we wish you a Thanksgiving filled with love, laughter, and maybe just a little too much pumpkin pie. 🥧

Warm regards,
Candice & Jason Schott

🎥 PS - SAVE THE DATE 🍿

We are having our Annual Client Appreciation event on Dec 21st.  We will be screening the new Avatar movie - Avatar Fire & Ash being released on Dec 19th.  The screening will be at The Beaches cinema with more information to follow in your mailboxes soon!   You can watch the official trailer HERE.