GTA Real Estate Market Update (NOV 2025)

📊 GTA Real Estate Market Update (NOV 2025) The market cooled significantly in November compared to October, providing more leverage to buyers.

📉 Key Market Changes (Month-over-Month)

Homes Sold: 5,010 units (a sharp -18.4% drop from the 6,138 units sold in October 2025).
Average Price: $1,039,458 (a drop of -8.5% from the October 2025 average price of $1,135,694).
Inventory: The market held 4.7 Months of Inventory —a strong signal for buyers.
Time on Market: Properties are sitting longer: LDOM increased by +9.7% to 34 days and PDOM increased by +12% to 56 days.
Active Listings: Fell by -11.7% to 24,549 listings.

🏡 Segment Breakdown (Average Price Change)
Detached: Fell dramatically by -19.6% (Avg. Price: $1,346,017 with 2,296 units sold).
Semi-Detached: Fell by -3.5% (Avg. Price: $997,499 with 485 units sold).
Townhouse: Fell slightly by -1.4% (Avg. Price: $834,179 with 867 units sold).
Condominium: The only segment to see a rise, up +0.4% (Avg. Price: $663,290 with 1,299 units sold).

🗣️Industry Takeaway (TRREB CEO John DiMichele)
Current View: Homebuyers benefit from a well-supplied resale market.
Long-Term Need: New construction is required to fill the housing pipeline.
Specific Gap: Key projects need to bridge the gap between condominium apartments and traditional single-family homes.
Call to Government: All three levels of government should offer further incentives to build more homes for Ontarians.