Toronto’s Fall Housing Market Remains Cool As Rate Cuts Not As Certain

The Toronto housing market remains cool despite a warm September, with modest sales increases but fewer buyer showings. Inventory levels are rising, with condos at 6.6 months of inventory and houses at 4.4 months. The average house price is $1,332,940, down 2% from last year, while condos average $706,625, down 4%. Economic uncertainty and geopolitical risks may impact future interest rates and the housing market. New listings are up, but the market shows signs of cooling with increased months of inventory across regions.