Welcome back to Market Watch!
November marked a quieter month across the Greater Toronto Area (GTA) as many buyers continued to wait for clearer economic signals and greater stability in borrowing costs. With higher inventory and moderated demand, the market leaned further into buyer-friendly territory, offering more choice and less competition across most home types.
GTA REALTORS® reported 5,010 sales through TRREB’s MLS® System in November 2025 — a 15.8% decline year-over-year. New listings came in at 11,134, down 4% annually, while active listings rose to 24,549, reflecting a well-supplied market.
The average selling price, at $1,039,458, was 6.4% lower than last November, and the MLS® Home Price Index Composite Benchmark declined 5.8% year-over-year, highlighting the continued normalization in market conditions.
Despite softer sales, prices remained relatively stable month-over-month, signalling that many sellers continue to hold firm while buyers gain negotiating room. As we move toward year-end, the GTA is characterized by balanced to buyer-leaning conditions, presenting meaningful opportunities for well-prepared purchasers.
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