Ontario Housing Market Update | October 2025 | Waterloo, Peel, Halton & Guelph
Ontario Housing Market Update | October 2025 | Waterloo, Peel, Halton & Guelph
Thinking about buying, selling, or investing in Ontario right now? This October 2025 housing market update breaks down what’s really happening in Waterloo Region, Peel, Halton, and Guelph—and what it means for your next move.
Watch: October 2025 Ontario Housing Market Update
Prefer to watch instead of read? Here’s the full video breakdown with charts, numbers, and simple explanations for buyers, sellers, and investors.
Quick Snapshot · Ontario Housing Market · October 2025
October brought a clear shift across parts of Ontario. Inventory is rising, sales are cooling, and interest rates moved again—quietly shifting power toward buyers in several key markets.
- Waterloo Region — Balanced, leaning toward buyers.
- Peel Region — Buyers have more choice and time.
- Halton Region — High prices, slower pace, picky buyers.
- Guelph — Cooling, not crashing.
- Bank of Canada — Another rate cut; some relief for variable borrowers.
Waterloo Region Market Update · Kitchener, Waterloo & Cambridge
In October 2025, about 569 homes sold through MLS—roughly 6.7% lower than last year and well below the 10-year October average.
We saw around 1,236 new listings and finished with about 2,056 active listings. Active inventory is up roughly 24% year-over-year and sits about 90% above the 10-year October average.
Average Prices · October 2025
- Overall average ~ $735,000 (≈ -5.6% vs Oct 2024)
- Detached ~ $843,000
- Townhouse ~ $594,000
- Condo ~ $434,000
- Semi-detached ~ $573,000
Across property types, prices are down in the 5–12% range year-over-year. The MLS benchmark for Kitchener–Waterloo is near $664,300 (≈ -7% YoY).
Supply, Days on Market & What It Means
- Months of inventory (overall) ~ 3.9
- Condos ~ 7.6 MOI
- Townhomes ~ 4.7 MOI
- Detached ~ 3.1 MOI
- Average DOM ~ 31 days (slower than last fall)
Peel Region Market Update · Mississauga & Brampton
Peel saw about 1,100 sales in October. Average prices landed in the mid-$900Ks:
- Mississauga ~ $965,000
- Brampton ~ $925,000 (just under)
Prices softened vs last year, especially in condos and townhomes, where buyers hold more negotiating power. Well-presented detached homes still move—when priced for today, not yesterday’s peak. Panic buying is gone; buyers know they have options.
Halton Region Market Update · Oakville, Milton, Halton Hills & Burlington
Halton remains one of the GTA’s most expensive areas thanks to family demand, top schools, and lifestyle communities.
In October, the average price across Halton came in just above $1.1M (≈ -5–6% YoY).
- Oakville ~ $1.36M
- Halton Hills ~ $1.06M
High prices have slowed the pace of sales, but updated, move-in-ready homes in top school districts still attract strong interest. Location, presentation, and accurate pricing matter more than ever—overpriced listings simply sit.
Guelph Market Update · Cooling, Not Crashing
Guelph continues to behave differently from some neighbouring markets.
The average sale price in October was ~ $800,000 (≈ -1.6% YoY) while unit sales were up ≈4%. Months of inventory sits around 4.2.
That puts Guelph in a weak balanced market slowly tilting toward buyers. Condos and stacked towns are building more supply—giving buyers leverage—yet overall Guelph is cooling, not crashing.
Bank of Canada Rate Cut · What It Means For You
On October 29, 2025, the Bank of Canada cut its policy rate by 25 bps to about 2.25%—the second cut in a row and the lowest level since mid-2022. The Bank projects slower growth: ~1.2% (2025), 1.1% (2026), 1.6% (2027).
For Homeowners
Variable-rate mortgage holders and HELOC users may feel some payment relief. Still, plan for tighter budgets and modest wage growth.
For Buyers
More inventory + slightly lower rates = a window of opportunity. Stay within a comfortable budget and think long-term.
For Investors
This cycle favours cash flow and fundamentals. With prices softening and rates easing, long-term buy-and-hold in strong rental areas can work—if the numbers pencil on day one.
Big Picture · Is the Ontario Market Crashing?
No. The market is resetting after several extreme years.
- Sales are down.
- Inventory is up.
- Prices are softening instead of spiking.
- Rates are easing after aggressive hikes.
Smart buyers are negotiating. Smart sellers are adapting. Savvy investors are running the math instead of guessing.
What Should You Do Now?
If You’re Buying
- Get a strong mortgage pre-approval.
- Prioritize must-haves (location, layout, commute) over nice-to-haves.
- Use extra time and inventory to negotiate price and conditions.
If You’re Selling
- Price for today’s data, not last year’s peak.
- Invest in staging, photography, and digital marketing.
- Be ready to negotiate and stay flexible on timing.
If You’re Investing
- Underwrite for cash flow, vacancy, and repairs before writing.
- Target strong rental nodes (Waterloo Region, Guelph—student/tech/family demand).
- Think in 5–10 year horizons, not 5–10 month flips.
Need a Custom Plan for Your Next Move?
Every situation is different. Your down payment, timeline, risk tolerance, and preferred city all matter. If you’re planning to buy, sell, or invest in Waterloo Region, Peel, Halton, Guelph, or nearby Ontario markets and want a plan that fits your numbers, I’m here to help.
I’m Navjot Singh with MOSAIC / eXp Realty—helping families, first-time buyers, and investors navigate real estate across the Waterloo Region and beyond.
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