Toronto Employment Trends

The unemployment rate in Toronto was 8.7% as of October 2025, down 0.2% from the previous month. The unemployment rate stood 6.4% below the peak from July 2020 but remains above the long-run average.

There were 33,900 more full-time jobs in October 2025 compared to a month earlier. Combined with a loss of 17,200 part-time positions, this led to an increase of 16,700 total jobs in October.

Full-time employment was still down 15,800 jobs from the peak in February 2025 but stood 53,200 jobs above the trough in July 2025.

* All figures are seasonally adjusted, 3-month moving averages. Seasonal adjustment removes normal seasonal fluctuations.

The information contained in this report has been prepared by The Canadian Real Estate Association, in co-operation with the Toronto Employment Trends. The information has been drawn from sources deemed to be reliable, but the accuracy and completeness of the information is not guaranteed. In providing this information, neither The Canadian Real Estate Association nor the Toronto Employment Trends assumes any responsibility or liability. Copyright ©2025. The Canadian Real Estate Association. All rights reserved. Reproduction in whole or in part is prohibited without written permission.

Toronto Regional Real Estate Board