GTA Housing Market 2025: A Closer Look at November’s Numbers

Dear Friend,

As we wrap up the year, November proved to be a decent month for GTA realtors, with 5,010 homes sold through the MLS® system. With approximately 25,000 active listings, buyers today have a wide variety of options—but this also means that 4 out of 5 listed homes are not selling. We’ll touch on why that is shortly.

Across the GTA, the average selling price in November was $1,039,458. Breaking that number down gives us a clearer picture of what's happening in each segment of the market:

Home Type	Average Price	% of Sales
Detached	$1,346,017	45.8%
Semi-Detached	$997,499	9.7%
Row/Townhouse	$913,078	10.3%
Condo Townhouse	$718,191	7%
Condo Apartment	$663,290	25.9%

(The remaining 1.2% consists of less common property types such as link homes and co-ops, which have a negligible impact on overall averages.)

Looking at the entire year so far (January–November), the GTA year-to-date average price sits at $1,071,757, showing a 4.3% difference from early 2025.

📊 What TRREB Is Reporting

According to the latest Market Watch:

• Sales were down 15.8% compared to November 2024

• New listings decreased by 4%

• Average price declined by 6.4% year-over-year

• On a seasonally adjusted basis, prices remain close to October levels

Even though sales volume is softer, prices have remained resilient given the fluctuating interest rates, global trade concerns, and general economic uncertainty.

Notably, November brought stronger-than-expected news on employment and economic growth, which may help restore consumer confidence going into 2026.

This puts many would-be buyers in a familiar pattern:When rates drop, many wait for the “bottom.”When they feel prices are rising again, bidding wars return and buyers jump back in late.

🏠 Why 4 Out of 5 Homes Aren’t Selling

In today’s market, simply putting a sign on the lawn and waiting is no longer enough. That approach worked when there were five buyers for every home—but not in a balanced or slower market.

Now more than ever, sellers need:

• Strategic marketing

• Consistent follow-up

• Strong negotiation skills

• Global brand power and exposure

With RE/MAX representing over 25% of all GTA home sales, pairing professional guidance with an internationally recognized brand makes a real difference.

💬 Let’s Chat About Your 2026 Opportunities

As the market continues adjusting and interest rates steady, we anticipate more buyers stepping off the sidelines. Whether you're thinking of buying, selling, or investing, this market offers real opportunities—but strategy matters more than ever.

If you’re curious about what today’s numbers mean for your personal real estate goals, we’re always here to help.

Wishing you a wonderful December!

Your Friends in Real Estate,

Maria Patino & Giuseppe Strazzeri