November 2025 Toronto Real Estate Market Stats: Silent Nights, Softer Prices & a Stocking Full of Listings

Dec 5

It’s the most interest-rate sensitive time of the year.

While everyone else is shopping for ugly sweaters and eyeing Mariah Carey memes, Toronto’s housing market is quietly wrapping up a year of plot twists. Sales slowed. Prices softened. And if you're waiting for the Big Bank Pivot, you're not alone — it’s the wish list item of many buyers still sitting on the sidelines.

In November, GTA home sales dropped 15.8% compared to last year. Listings climbed 16.8%. And the average selling price slid 6.4% to $1,039,458. Translation: we’ve got more options, softer prices, and a whole lot of market uncertainty tucked under the tree.

The condo market also had its mittens full — down 20% in sales year-over-year, with average prices dipping just 3.8%. But looking ahead? Supply is set to shrink dramatically after 2026, which may be the gift that keeps on giving for long-term investors.

Bonus stat for the econ nerds: TRREB’s Jason Mercer said the economy is holding up better than expected, and new infrastructure spending could help boost buyer confidence in 2026. It’s not a sleigh ride just yet, but things could smooth out.

Let’s break it all down region by region before you fully shift into shortbread mode.

📍GTA-Wide Snapshot: Snowed In... But Not Frozen

November brought a sleigh full of inventory to the GTA, and while prices saw a modest year-over-year dip, buyers had way more to choose from than they did last year. Sales activity chilled compared to earlier in the year, but this wasn’t a total freeze — it was more of a deep breath before a potential 2026 reboot.

Average Price: $1,039,458 (▼6.4% YoY)
Sales: 5,010 (▼15.8% YoY)
New Listings: 10,032 (▲17.9% YoY)
Active Listings: 24,549 (▲16.8% YoY)
MOI (Months of Inventory): 4.90 → Balanced market / tilting toward buyer advantage
Average Days on Market: 30 (▲25.0% YoY)
Condo Sales: 1,299 (▼20.8% YoY)
Condo Average Price: $663,290 (▼3.8% YoY))

What this means: Buyers have the upper hand right now — inventory is high, competition is light, and price flexibility is on the table. Some sellers are realistic, others still think it’s 2021, and that’s your edge. It’s a great time to get pre-approved and start shopping without pressure. Sellers, on the other hand, need to get serious: with nearly 5 months of inventory, buyers are choosy and homes need to be priced right, staged well, and marketed strategically to stand out. This market doesn’t reward guesswork — it rewards prep and polish.

📍 Toronto: A Price Dip Wrapped in Extra Inventory

The city proper delivered a familiar story in November. Prices softened, listings soared, and buyers had more leverage than they’ve had in a while. It’s still Toronto, so competition exists, but it’s no longer a holiday stampede.

Sales: 1,483 (down 14.4% year-over-year)
Average Price: $1,053,154 (down 3.8%)
Active Listings: 8,629 (up 40.7%)
New Listings: 5,209 (up 15.8%)
Condo Sales: 812 (down 19.7%)
Condo Avg. Price: $720,280 (down 3.5%)

What this means: Sellers have to work harder for attention right now. With active listings up over 40 percent, buyers are taking their time and negotiating harder. But for the long-term crowd? This is a chance to buy in the core without last year’s chaos.

📍 Mississauga: Less Hustle, More Elbow Room

November brought breathing room to Mississauga. Fewer buyers were out, but more listings came online, especially for detached homes. Condos took the biggest hit, both in price and activity.

Sales: 419 (down 21.5%)
Average Price: $945,432 (down 6.9%)
Active Listings: 1,939 (up 22.3%)
New Listings: 1,002 (up 14.4%)
Condo Sales: 171 (down 27.1%)
Condo Avg. Price: $628,025 (down 2.4%)

What this means: If you're a buyer who felt priced out last year, this is your window. There’s less pressure, better choice, and sellers are more open to conversation. For investors, it's a solid time to watch how condo prices behave into the new year.

📍 Oakville: Luxury Market Finds Its Floor

Oakville held on better than many expected. While sales were down, inventory didn’t explode like in other parts of the GTA. The luxury crowd may be holding off, but they’re not gone.

Sales: 167 (down 15.3%)
Average Price: $1,438,654 (down 7.9%)
Active Listings: 1,023 (down 2.9%)
New Listings: 515 (up 8.2%)
Condo Sales: 19 (down 24%)
Condo Avg. Price: $732,958 (down 2.1%)

What this means: Oakville remains a stronghold for buyers seeking prestige with a bit more patience. Supply stayed relatively flat, which helped prevent deeper price drops. Serious sellers can still land a strong sale with proper prep and positioning.

📍 York Region: Lots of Listings and Leaner Prices

York Region saw a noticeable increase in available inventory and a dip in both sales and prices. It’s becoming more balanced across the board, especially in areas that were red-hot during the pandemic boom.

Sales: 745 (down 13.1%)
Average Price: $1,301,597 (down 5.3%)
Active Listings: 3,937 (up 21.8%)
New Listings: 2,160 (up 11.3%)
Condo Sales: 103 (down 11.2%)
Condo Avg. Price: $688,944 (down 4.5%)

What this means: Buyers who’ve been priced out for years are finally seeing cracks in the armour. While prices haven’t nosedived, the pressure is easing, and negotiation is back in style. Sellers, don’t wing it. Prep matters more than ever.

📍 Durham Region: Budget-Friendly, but Still Soft

Durham remains one of the GTA’s most affordable regions, but November was quiet. Condos struggled, and detached home prices slipped again, opening the door wider for first-time buyers.

Sales: 559 (down 15.4%)
Average Price: $889,005 (down 5.9%)
Active Listings: 2,514 (up 19.9%)
New Listings: 1,412 (up 10.8%)
Condo Sales: 43 (down 25.9%)
Condo Avg. Price: $540,115 (down 6.9%)

What this means: Durham continues to be the go-to for value hunters. With more listings and lower prices, now is a great time to get in or upsize. For sellers, price it right or risk being overlooked.

📍 Brampton: Big Supply and Buyer Opportunity

Brampton continues to see the effects of the market cool-down. Detached homes are hovering around the $1M mark, and inventory is stacking up, creating a much calmer playing field.

Sales: 430 (down 14.5%)
Average Price: $1,003,162 (down 6.7%)
Active Listings: 2,092 (up 13.2%)
New Listings: 1,100 (up 13.8%)
Condo Sales: 20 (down 33.3%)
Condo Avg. Price: $598,905 (down 9.1%)

What This Means: If you’re upgrading or moving within Brampton, this market is working in your favour. The increase in listings means more leverage. That said, you’ll still need to price sharply to stand out.

What This Means for Buyers and Sellers?

his wasn’t just another month. November gave us a clear signal that the market is shifting toward balance. Buyers have more choice and less pressure. Sellers need to get serious and stand out. And everyone’s watching 2026 like it’s the final scene of a holiday rom-com.

📉 For buyers: This is your chance to explore without the bidding war stress. Lock in a solid deal, negotiate extras, and prep for spring while others are still in eggnog mode.

📈 For sellers: You can still make a strong move, but not with wishful thinking. Market prep, compelling staging, and smart pricing are the sleigh that gets you to closing.

Whether you're buying your first place, upgrading for more space, or debating whether to sell now or in spring, your next move deserves more than generic advice and “see what happens” energy.

I don’t do cookie-cutter. I bring clarity, smart data, and a game plan that actually works for your goals in this market. just like the Jays, the market pushed through some extra innings of uncertainty.

📲 Let’s talk — no pressure, no jargon, just real strategy.
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