The numbers are telling a story, and right now, it’s one worth hearing.
There’s a pivotal moment in every market cycle when the data stops whispering and starts speaking in a clear, confident voice. Most people miss that moment. They’re glued to the news, waiting for a dramatic headline to tell them what to do, while the real story unfolds quietly in the patterns.
Back in the summer, I shared a quiet observation: July looked like the bottom of the Toronto condo market.
This wasn’t based on panic, guesswork, or a gut feeling. It was because the numbers had that familiar shape, the kind that shows up right before a shift.
Here’s what the data was telling us:
Let’s rewind a few months. The average prices told a subtle but important story:
- April: $706,149
- May: $708,844
- June: $732,401
- July: $673,306 (the dip)
- August: $678,462
- September: $686,139
The trend wasn’t loud, but it was there. After a dip, the market wasn’t falling further; it was slowly, quietly, finding its footing.
And now, October has arrived with confirmation.
The latest numbers aren’t just a blip; they’re a signal.
- The average price has climbed to $698,629.
- Properties are spending less time on the market.
- Most importantly, total sales volume is way up, jumping from $642 million in September to $732 million in October.
In other words: More people are acting. More people are moving. More people have decided that waiting isn’t a strategy anymore.
This is exactly how market bottoms form. Not with fanfare, but with a nudge.
It starts with a little more confidence. Then, a few more showings. A slight tightening in the number of days a property sits on the market. A noticeable rise in sales volume. And then, suddenly, everyone else realizes what has already been happening for months.
The opportunity doesn’t vanish; it simply gets smaller.
Here is the full picture, including October’s data:
| Month | Average Price | Median Price | Avg DOM | Total Volume |
|---|---|---|---|---|
| April | $706,149 | $617,750 | 33 | $659,543,094 |
| May | $708,844 | $605,000 | 33 | $684,034,194 |
| June | $732,401 | $605,000 | 33 | $737,528,103 |
| July | $673,306 | $589,000 | 38 | $686,772,574 |
| August | $678,462 | $580,000 | 31 | $590,262,225 |
| September | $686,139 | $585,000 | 40 | $642,225,850 |
| October | $698,629 | $589,000 | 38 | $732,862,104 |
If you’ve been waiting for a sign, a signal, or a headline to tell you it’s time… this is it.
Not because the numbers have skyrocketed, but because they have stopped falling. Momentum always starts small.
For those ready to explore, here are a couple of listings you may want to see before everyone else rediscovers the condo market:
- 40 Scollard – a true gem in the heart of Yorkville.
- 12 Sudbury – a character-filled townhouse on King West.
Want to Make This Market Work for You?
If you’re ready to make a smart move, not just a loud one, let’s talk. The bottom may already be in the rearview mirror.
For Sale: Renovated 1-Bedroom Suite in Yorkville, Toronto (40 Scollard Street #1502)
Across from the iconic Four Seasons, this fully renovated one-bedroom residence puts you at the centre of it all.Think morning spa treatments, chic brunches, and evenings spent exploring Toronto’s most coveted restaurants—all just steps from your door.
2-Storey Townhouse at King West, Toronto (12 Sudbury Street, #2212)
Tucked between West Queen West and King West, and just a jog away from Toronto’s waterfront, this two-storey townhouse delivers the kind of lifestyle the sky-high towers can’t touch.