Heaps Estrin Market Update | November 2025
Posted by The Heaps Estrin Team on
With the clocks turning back and temperatures dipping, there has been a noticeable cooling in the air recently – and not just outdoors. The October real estate market in Toronto saw fewer sales, lower prices, and more listings, reinforcing what many have felt recently: we have officially found ourselves in a buyer-favoured environment.
This comes alongside broader economic shifts – including another Bank of Canada rate cut at the end of October – and the first federal budget since the last election, which introduced major long-term economic positioning, but offered little immediate relief for homebuyers. Sentiment remains cautious as Canadians work to understand how (or whether) these shifts will impact them personally.
Layered on top of all this is…
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