Market Statistics Across Canada
October 2025 Comprehensive Market Report
The Canadian real estate market continues to show diverse trends across major cities in October 2025. From the balanced conditions in Vancouver Island to shifting dynamics in Toronto and Calgary, understanding local market statistics is crucial for making informed real estate decisions. This comprehensive analysis covers five key markets across Canada, providing you with the insights needed to navigate today's housing landscape.
Campbell River Real Estate Market
Market Analysis
Campbell River's real estate market demonstrates resilience with modest year-over-year price growth of 1%. The significant 21.9% increase in sales activity compared to last October indicates renewed buyer confidence in this Vancouver Island community. With average sale prices reaching $772,605, Campbell River continues to offer relative affordability compared to larger BC markets while maintaining steady appreciation.
Key Takeaways
- Strong sales momentum with double-digit growth
- Benchmark prices showing positive annual appreciation
- Active market with 33 units sold in September
- Balanced market conditions favorable for both buyers and sellers
Nanaimo & Vancouver Island Real Estate Board (VIREB)
Single-Family Detached Homes
Market Analysis
According to VIREB CEO Jason Yochim, the Vancouver Island market maintains balanced conditions with approximately six months of inventory. "Our local market continues to stand out for its stability and resilience, especially when compared to the Lower Mainland and Vancouver," notes Yochim. Prices remain steady, and with recent Bank of Canada rate cuts, the market environment feels more predictable and sustainable for both buyers and sellers.
Property Type Performance
Greater Vancouver Real Estate Market
Market Analysis
Vancouver's real estate market continues to favor buyers in October 2025. GVR Chief Economist Andrew Lis notes: "After peaking in June, inventory levels have edged lower, and prices have eased across all market segments as slower-than-usual sales activity meets the highest inventory levels seen in many years." The sales-to-active listings ratio of 14.2% indicates buyer-favorable conditions, with downward pressure on prices expected when this ratio stays below 20% for sustained periods.
Property Type Breakdown
Regional Highlights
- Burnaby East: Detached homes at $1,809,400 (-9.3% YoY)
- Richmond: Composite benchmark at $1,089,000 (-4.9% YoY)
- North Vancouver: Strong performance at $1,331,000 (+0.8% YoY)
- West Vancouver: Detached homes at $3,084,300 (-4.4% YoY)
Buyer Opportunity: With no further Bank of Canada rate reductions expected in 2025, current market conditions appear as favorable for buyers as they've been all year. Lower mortgage rates combined with eased selling prices mean more buyers can afford homes that meet their needs.
Calgary Real Estate Market
Market Analysis
Calgary's housing market shows continued adjustment in October 2025. According to CREB® Chief Economist Ann-Marie Lurie: "Improved rental supply and easing rents have slowed ownership demand for apartment- and row-style homes. It is also these segments of the market that have seen October inventories reach a record high for the month." Excess supply in apartments and row properties is placing downward pressure on prices in these segments more than any other property type.
Property Type Performance
Year-to-Date Overview
District Analysis
- City Centre: Leading with +3.8% benchmark growth (YoY)
- North East: Most significant decline at -7.8% (YoY)
- South: Stable performance at +3.4% (YoY)
- West: Strong growth at +3.8% (YoY)
Market Conditions: While detached and semi-detached properties maintain relatively balanced conditions with under three months of supply, apartments and row homes face buyer's market conditions with elevated inventory levels. The sales-to-new-listings ratio of 58.3% suggests continued balanced to buyer-favorable conditions overall.
Toronto Regional Real Estate Market (TRREB)
Market Analysis
TRREB President Elechia Barry-Sproule notes: "Buyers who are confident in their employment situation and ability to make their mortgage payments over the long term are benefitting from affordable housing market conditions relative to the past few years. However, many intending homebuyers remain on the sidelines due to uncertainty about their economic future." The October slowdown reflects broader economic concerns despite lower mortgage rates.
Property Type Performance
City of Toronto Breakdown
Regional Highlights
- Halton Region: $1,137,042 average price (+2.8% change from benchmark)
- Peel Region: 1,097 sales, $965,359 average price
- York Region: Strong detached market at $1,247,600 benchmark
- Durham Region: Most affordable GTA region at $851,764 average
Expert Insight
TRREB Chief Information Officer Jason Mercer states: "The monthly mortgage payment for an average-priced GTA home continued to trend lower in October, benefitting from both lower borrowing costs and lower selling prices. This means more buyers can now afford to purchase a home that meets their housing needs. Once we have more certainty on the economic front, including trade with the U.S. and China, home sales should increase."
Year-to-Date Performance
National Market Summary & Outlook
Key Trends Across Canada
October 2025 reveals distinct regional variations in Canada's real estate markets:
- Vancouver Island markets (Campbell River, Nanaimo) demonstrate stability with balanced conditions and modest price growth
- Vancouver shows buyer-favorable conditions with increased inventory and price softening across all segments
- Calgary experiences market adjustment with excess supply in apartments and row homes
- Toronto sees continued price declines but improving affordability for qualified buyers
Looking Ahead
Several factors will shape Canadian real estate markets in the coming months:
- Bank of Canada rate decisions and their impact on borrowing costs
- Economic certainty regarding trade relationships
- Employment trends and consumer confidence
- Regional supply and demand dynamics
- Seasonal market patterns heading into winter
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