Current Market Conditions

As we move through November 2025, the Toronto Real Estate Market is showing signs of stability after several years of sharp swings. According to the latest real estate news November 2025, the Greater Toronto Area (GTA) saw 6,138 home sales in October, down 9.5% compared to the same time last year. Despite the dip in sales, the overall tone of the market isn’t negative—activity has steadied, and prices are holding relatively firm month-to-month.

The average home price in Toronto sits at $1,054,372, down 7.2% year-over-year. However, the MLS Home Price Index (HPI) Composite was essentially flat from September, suggesting that prices have found a floor after months of adjustment. With slightly fewer homes taking longer than 50 days to sell, the pace is modestly improving. Well-maintained and updated homes continue to attract solid attention, especially in family-oriented neighborhoods.

Link below for previous Toronto Housing Market Reports

• Toronto Housing Market Report – October 2025
• Toronto Housing Market Report – September 2025
• Toronto Housing Market Report – August 2025
• Toronto Housing Market Report – July 2025

Demand and Interest Rates

The recent interest rate cut in October has started to improve affordability across the region. While it hasn’t sparked a sudden surge in buying, it’s clear that cautious optimism is returning. Buyers are out there, they’re just taking their time. Many are using this period to secure mortgage pre-approvals in anticipation of further rate cuts expected later this winter.

Demand remains uneven across property types. Freehold homes, particularly detached and semi-detached properties, are performing better than the condo segment. Smaller condos, under 500 square feet, once popular among investors and short-term rental hosts, have seen declining interest from both tenants and buyers. This trend has pulled condo prices down more sharply than the broader market average.

For move-up buyers and first-time homeowners, this environment offers an opportunity to enter the market or make strategic upgrades with less competition and more negotiating room.

Supply of Homes

Supply has grown moderately, giving buyers more choice than they’ve had in previous fall markets. There were 16,069 new listings in October, up 2.7% year-over-year, and active listings have climbed 17.2% compared to last year. This means sellers face stiffer competition and must price realistically to attract offers.

Homes that show well are moving faster! Those that are dated or overpriced tend to linger. Sellers should view this as a market that rewards preparation. Even small upgrades or pricing adjustments can make the difference between an offer and weeks of waiting.

Have any Questions: Ask us how to maximize your home’s value and showcase it to stand out in today’s market!

Market Outlook

The GTA housing market is showing a steady and balanced rhythm. One that favors thoughtful decisions over quick moves! With borrowing costs easing and prices slightly below their recent peaks, buyers now have some of the best entry opportunities then in previous years. For sellers, the landscape is more competitive, but quality listings that are priced right and presented well are still drawing strong interest. In this environment, both sides can succeed, it simply comes down to timing, preparation, and realistic expectations.

Key Takeaways

– Average home price Toronto November 2025: $1,054,372, down 7.2% year-over-year
– GTA housing sales October 2025: 6,138 sales, down 9.5% year-over-year
– Listings: 16,069 new listings, up 2.7%; active listings up 17.2% compared to last year
– More inventory and a balanced pace of sales give buyers stronger negotiating power
– Well-maintained, competitively priced homes continue to attract serious offers
– Condo demand remains softer than freehold homes, with smaller units under are seeing the sharpest price drops
– Recent interest rate cuts are easing affordability pressures and laying the groundwork for renewed market confidence