Toronto Housing Market Update: November 2025
The Toronto Regional Real Estate Board (TRREB) has released the housing data for November 2025. Sales volume, average price, and new listings were all down from the previous year. Although lower borrowing costs and moderating home prices have improved affordability, many prospective buyers continue to adopt a cautious approach due to economic uncertainty.
A total of 5,010 sales were reported through the MLS system for November, down 15.8% year-over-year. New listings fell 4.0% to 11,134, while active listings increased 16.8% to 24,549. Inventory now sits at 4.9 months, up from 4.5 at the beginning of the month.
The average GTA home price was $1,039,458, a decrease of 6.4% from November 2024. The MLS Home Price Index (HPI) Composite Benchmark dropped 5.8% across the GTA and 4.1% in Toronto. Homes sales are averaging 34 days on market, with final sale prices coming in at 97% of the listing price. In total, 67.6% of sales activity occurred within the $600,000 to $1.5M range, with 6.3% of sales topping the $2M mark.
Sales by property type:
- Detached: $1,346,017 (↓8.0% Year over Year / ↓0.7% Month over Month)
- Semi-detached: $997,499 (↓7.2% YoY / ↓3.5% MoM)
- Townhomes: $834,179 (↓6.4% YoY / ↓1.4% MoM)
- Condos: $663,290 (↓3.8% YoY / ↑0.5% MoM)
Detached homes continued to lead the way, representing 45.8% of all November sales, followed by condos (25.9%), townhomes (17.3%), and semis (9.7%).
November’s economic and employment data came in stronger than forecast, suggesting Canada is holding up better against trade pressures than many anticipated. If progress continues on the trade front, it could help lift consumer sentiment and support greater confidence among homebuyers in the months ahead.
We wish you and your family a very happy and healthy holiday season. Remember, if a move is part of your plans for the new year, we’re here to help. Market conditions continue to shift month to month: strategy, pricing, and thoughtful presentation can make the difference. A Christensen Real Estate Group sales representative can walk you through your options and help you navigate the market with clarity and confidence.
For over 40 years, our clients have trusted us to minimize risk, offer unbiased opinions, and ensure their best interests are served. Contact us today to talk about your needs. Email us at evan@christensengroup.ca or call 416-722-4723.
