GTA Real Estate Market Update: What November 2025 Means for Buyers & Sellers

The Toronto Regional Real Estate Board (TRREB) has released the November 2025 housing stats, and the numbers paint a clear picture of a cooling but opportunity-filled market. With sales, new listings, and average prices all down year-over-year, the GTA continues to lean in favour of buyers—yet confidence is slowly rebuilding as affordability improves.

If you’re considering making a move in the Greater Toronto Area, here’s what you need to know.

GTA Market Snapshot: November at a Glance

Even with lower borrowing costs and moderating home prices, many buyers are still easing into the market cautiously. Economic uncertainty continues to weigh on decision-making, but opportunities are there for those ready to act.

Key Numbers from November 2025:

• 5,010 sales across the GTA (down 15.8% YoY)

• 11,134 new listings, a modest 4.0% decline

• 24,549 active listings, up 16.8%—giving buyers more choice

• 4.9 months of inventory, up from 4.5

• Average price: $1,039,458, down 6.4% from last year

• Homes are selling in 34 days on average

• Final prices hitting 97% of asking

• 67.6% of all sales fell between $600K and $1.5M

• 6.3% of sales were over $2 million

Despite the slower overall pace, the balanced spread of price segments shows that demand remains steady—buyers are simply taking more time to strategize.

How Each Property Type Performed

To help you understand the nuances of the market, here’s a breakdown of average selling prices by home type:

Detached Homes

$1,346,017
↓ 8.0% YoY | ↓ 0.7% MoM
Detached properties remained the most popular choice, representing nearly 46% of all GTA sales.

Semi-Detached Homes

$997,499
↓ 7.2% YoY | ↓ 3.5% MoM
A continued drop in price makes semis an appealing middle-ground option for families.

Townhomes

$834,179
↓ 6.4% YoY | ↓ 1.4% MoM
Townhomes remain the value-driven pick, especially in suburban markets.

Condominiums

$663,290
↓ 3.8% YoY | ↑ 0.5% MoM
The condo market showed a slight month-over-month uptick—an early sign of renewed entry-level demand.

The Bigger Economic Picture

November’s economic and employment data surprised to the upside, showing that Canada is proving more resilient than expected in the face of global trade pressures. If negotiations and market conditions continue to stabilize, buyer sentiment could strengthen heading into 2026.

More confidence in the economy typically leads to more confident buyers—and more activity in the housing market.

What This Means for You

Whether you're a buyer or a seller, this market presents real opportunities:

For Buyers:

You have more inventory to choose from and less competition. With prices easing and borrowing costs improving, this is one of the most favourable environments we’ve seen in years.

For Sellers:

While pricing strategy is crucial, motivated and qualified buyers are still active—especially in the $600K to $1.5M range, where nearly 70% of sales happen.

For Investors:

The softer pricing and rising rental demand across the GTA make this a window worth exploring.

Thinking About Your Next Move? Let’s Talk.

Market shifts like these are exactly when having the right strategy matters most.
If you’re considering buying, selling, or investing, I’m here to help you navigate the numbers—and make confident, informed decisions.

Visit: michaelkellyhomes.com
Call or Text: 647-408-5226
Michael Kelly | Sutton Group Realty Systems

Your real estate goals deserve the right guidance. Let’s make your next move a smart one.