Ontario MLS® home sales dip slightly from last October despite record new supply
Residential sales activity reported through the MLS® Systems of real estate boards in Ontario numbered 15,078 units in October 2025. This was a decline of 5.7% from October 2024.
Home sales were 2% below the five-year average and 14.7% below the 10-year average for the month of October.
On a year-to-date basis, home sales totalled 140,334 units over the first 10 months of the year. This was down by 4.5% from the same period in 2024.
Nationally, home sales activity posted a moderate decrease of 4.3% from year-ago levels in October 2025.
The average price of resale residential homes sold across the province in October 2025 was $833,376, a decrease of 5.2% from October 2024.
The more comprehensive year-to-date average price was $839,394, a small reduction of 3.5% from the first 10 months of 2024.
The national average price, by comparison, marked a modest decline of 1.1% on a year-over-year basis to $690,195 in October 2025.
The number of new listings on MLS® Systems of real estate boards in Ontario saw a gain of 5.6% from October 2024. There were 35,575 new residential listings in October 2025. This was also the largest number of new listings added in the month of October in history.
New listings were 17.6% above the five-year average and 19.1% above the 10-year average for the month of October.
Active residential listings numbered 69,756 units on the market at the end of October, up by 12.3% from the end of October 2024. Active listings haven’t been this high in the month of October in more than 15 years.
Active listings were 43.8% above the five-year average and 51.1% above the 10-year average for the month of October.
Months of inventory numbered 4.6 at the end of October 2025, up from the 3.9 months recorded at the end of October 2024 and above the long-run average of 2.8 months for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.
The dollar value of all home sales in the province in October 2025 was $12.6 billion, a substantial decline of 10.6% from the same month in 2024.
| Ontario Monthly Summary | ||||
|---|---|---|---|---|
| October 2025 | Residential Sales | Year-over-year % change | Residential Average Price | Year-over-year % change |
| Central1 | 6,621 | -7.3 | $1,064,959 | -6.9 |
| Eastern2 | 1,898 | -2.2 | $647,085 | 5.3 |
| Northeastern3 | 1,403 | -16.6 | $748,348 | -1.6 |
| Northern4 | 899 | 6.9 | $397,820 | 3.5 |
| Southern5 | 2,347 | -4.5 | $754,949 | -4.4 |
| Western6 | 1,910 | -0.7 | $579,557 | -3.1 |
| Ontario | 15,078 | -5.7 | $833,376 | -5.2 |
| Ontario Year-To-Date Summary | ||||
|---|---|---|---|---|
| YTD 2025 | Residential Sales | Year-over-year % change | Residential Average Price | Year-over-year % change |
| Central1 | 58,175 | -8.0 | $1,086,480 | -4.2 |
| Eastern2 | 19,610 | 2.5 | $644,036 | 3.1 |
| Northeastern3 | 13,501 | -12.2 | $751,594 | -1.9 |
| Northern4 | 8,015 | 6.8 | $411,207 | 4.2 |
| Southern5 | 23,012 | -3.1 | $771,633 | -1.8 |
| Western6 | 18,021 | 0.4 | $597,084 | -0.7 |
| Ontario | 140,334 | -4.5 | $839,394 | -3.5 |
1 Oakville-Milton, Greater Toronto
2 Cornwall, Kingston and Area, Ottawa, Renfrew County, Rideau-St. Lawrence
3 Bancroft & District, Barrie & District, Kawartha Lakes, Lakelands, Northumberland Hills, Peterborough and the Kawarthas, Quinte & District
4 North Bay, Saul Ste. Marie, Sudbury, Thunder Bay, Timmins, Cochrane & Timiskaming Districts
5 Brantford Region, Guelph & District, Hamilton-Burlington, Kitchener-Waterloo, Niagara Region, Simcoe, and Cambridge
6 Chatham-Kent, Grey Bruce Owen Sound, Huron Perth, London & St. Thomas, Sarnia-Lambton, Windsor-Essex, Woodstock-Ingersoll-Tillsonburg
BOARD & ASSOCIATION INFORMATION
The Ontario Real Estate Association represents nearly 100,000 brokers and salespeople who are members of the 29 real estate boards throughout the province. OREA serves its REALTOR® members through a wide variety of support services, educational programs, advocacy, standard forms, and other offerings.
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JeanAdrienD@orea.com
Cathy Polan
