Toronto Condo Market Update Q3 2025: Prices, Supply & What’s Next

The Latest on the GTA Condominium Market: Q3 2025 Insights

It’s hard to believe we’ve already wrapped up the third quarter of the year. With new economic data and market updates rolling in, now is the perfect time to take a closer look at how the condominium market is performing across the Greater Toronto Area (GTA).

Supply and Market Balance

As of the end of September, condo inventory across the region sits at roughly six and a half months of supply—well above the three to four months typically considered a balanced market.

This rise in available listings has placed downward pressure on prices, which are down 6.9% year-over-year, bringing the average condo price to $655,231.

Regional Trends: 905 vs. Toronto

The 905 region has seen the most notable shift, driven by a wave of new unit completions. Inventory levels climbed to six and a half months, up from five months one year ago. This increase has contributed to an 8.6% decline in prices, now averaging $667 per square foot.

Meanwhile, Toronto’s condo market is showing signs of stabilization. Supply levels in the city are roughly on par with last year’s, which may help cap further price declines. Even so, average prices slipped 7.5% to $933 per square foot in the third quarter.

Looking Ahead: What to Expect

In the 905 region, new condo completions are expected to remain elevated over the next three years before dropping sharply in 2028. This projected slowdown reflects the reduced number of new condo sales in recent years—an early signal that future supply may tighten.

What This Means for Buyers and Sellers

The condo market continues to evolve, shaped by regional supply dynamics and shifting buyer demand.

• For buyers: Increased inventory means more options and negotiating power.

• For sellers: Pricing strategically and staging effectively are more important than ever in a competitive landscape.

• For investors: Future supply declines could create opportunities for appreciation once demand rebounds.

Final Thoughts

Understanding where the condo market is headed—both in Toronto and across the 905—is essential for making confident real estate decisions.

If you’d like a deeper look at how these developments may impact your real estate goals, let’s connect. I’d be happy to share a personalized analysis and explore how today’s market conditions could present both challenges and opportunities for you.