October 2025

 Welcome back!

This October saw prices down from a year ago while up from last month.

The average sale price of a detached 2-storey home rose 2% from this September to $1,912,161 and there were 93 sales also up for last month's 69 sales.  Year over year however the price in this category dropped 16.5%.

Bungalow prices were also down by 20% to an average price of $1,285,435.  This reduction also reflects a number of "land sale" bungalow properties where the buyer wishes to build a new home.

Detached split homes and properties fared better at an average sale price of $1,404,364.

Semi-detached and linked homes (virtually detached) came in at $1,159,733 and $1,198,000, respectively.

Condo apartments townhomes and stacked townhomes came is at $525,550 / $812,368 / $597,000.  Down 42% / 10% & 11%.

Freehold townhomes average sale price was $923,400.  Down almost 30%.

The lease market saw 151 rental transactions ranging in price from $1,700 to $16,000 per month.

At the moment there are 765 for lease properties available to rent and 1,282 for sale.

While the majority of owners are experiencing a softer quiet market a few have managed to sell or lease quickly.

The recent interest rate reduction may help a little but don't expect the overall feel of the market to change.  

Things are indeed slow and will likely remain so until the start of the new year.  

On a positive note it is a good time to buy.