Here Is Your November Real Estate Market Update for the GTA (2025 Edition)

our Insightful Look at What’s Really Happening in the Greater Toronto Area Housing Market

The Greater Toronto Area real estate landscape continued to shift this October, leaning firmly in favour of buyers. As borrowing costs eased and more inventory arrived, motivated purchasers gained additional negotiating power—something we haven’t seen in this strength for quite some time.

Whether you’re a homeowner, investor, or first-time buyer, understanding where the GTA housing market stands today can help you make confident, strategic decisions. Here’s your complete November GTA Real Estate Market Update with everything you need to know about home prices, inventory levels, and buyer demand across the region.

Home Sales Down, Inventory Up: A Market Moving Toward Balance

October data showed a noticeable cooling in buyer activity. GTA REALTORS® recorded 6,138 home sales, representing a 9.5% drop compared to October 2024. While softer sales can often raise concern, in this case it reflects a market adjusting to new financial conditions and giving buyers more time and flexibility to make decisions.

Simultaneously, 16,069 new listings hit the market, a 2.7% year-over-year increase. More inventory means more selection—and with less competition—buyers are finally getting breathing room after years of fast-paced, high-pressure conditions.

This growing supply is one of the major factors supporting price stability and helping ease the intensity of bidding wars in many neighbourhoods.

Home Prices: What Buyers and Sellers Need to Know

Price trends continued to reflect the shifting balance of power:

• The MLS® HPI Composite Benchmark fell 5% year-over-year.

• The average selling price in October 2025 reached $1,054,372, down 7.2% from last year’s average of $1,135,694.

These numbers highlight the market’s sensitivity to interest rate trends, borrowing power, and consumer confidence. However, it’s important to note that market dips often present incredible opportunities—whether for upgrading, investing, or getting into desired neighbourhoods that may have previously been out of reach.

Month-Over-Month Market Trends

On a seasonally adjusted basis, both sales and new listings came in lower than September levels. The MLS® HPI remained steady, while average prices softened slightly—suggesting a stabilization pattern rather than rapid decline.

This type of environment can be ideal for strategic buyers who value negotiation leverage and less competition. Sellers who price effectively and position their homes well continue to achieve strong results.

What This Means for You

The GTA housing market is currently offering something for everyone—opportunity for buyers, and clarity for sellers. With interest rates moving in a more favourable direction, increased inventory, and steadier pricing, now may be an excellent time to evaluate your next steps.

Whether you're considering investing, planning to sell, or just need help navigating these evolving conditions, professional market insight has never been more valuable.

I'm here to guide you with clarity, strategy, and confidence.

Have Questions About the GTA Real Estate Market? Let’s Talk.

If you want to understand how this market impacts your home, your investment goals, or your upcoming move, I’m always just a call or text away.

— Michael Kelly
Sutton Group Realty Systems
📞 647-408-5226