November 2025 GTA Real Estate Market Update
What the new numbers really mean for buyers and sellers
November 2025 tells a very clear story. Prices across the GTA have eased again, sales have slowed, and properties are taking a bit longer to sell. We are far away from the bidding-war frenzy of 2021–2022. At the same time, we’re not in a free fall. We’re in a cautious, more balanced market where strategy and preparation matter more than speed.
If you’re buying, this market gives you room to think and negotiate. If you’re selling, pricing and presentation are everything. Here’s how the November 2025 numbers break down and what they mean for you in real terms.
Quick snapshot of November 2025 – GTA
Average sale price: $1,039,458
Down 1.3% from October 2025
Down 6.4% from November 2024
Number of sales: 5,010
Down 18.2% month-over-month
Down 15.8% year-over-year
New listings: 11,134
Down 30.7% from October
Down 4.0% from November 2024
Active listings at month-end: 24,549
16.8% higher than a year ago
Average days on market: 34 (up from 31 days last year)
Average GTA prices now sit about 22% below the February 2022 peak, and sales remain roughly 27% below the 10-year November average. This is what a slower, more negotiated market looks like.
Detached homes
Detached homes continue to adjust from their pandemic highs.
Average GTA detached price: $1,346,017
Roughly 7.3% lower than a year ago and about 25% below the 2022 peak
Sales: 2,296, down 18% from October
Active listings: 11,094, down 14% month-over-month
By area:
416: 600 sales, average price $1,545,941
905: 1,696 sales, average price $1,275,289
For move-up buyers who have been waiting for detached prices to come off their highs, this segment is now far more approachable—especially in the west end.
Condominiums
Condos are holding relatively steady after a long period of adjustment.
Average GTA condo price: $663,290, similar to 2021 levels
Sales: 1,299, down 16.6% from October
Active listings: 8,225, about 8% fewer than last month
Breakdown:
416 condos: 880 sales, average price $701,259
905 condos: 419 sales, average price $583,547
For first-time buyers and investors, condos remain the most accessible way to enter the Toronto market, with more choice and less competition than in previous years.
Townhomes
Townhomes saw both softer prices and slower activity.
Average GTA townhouse price: $913,078
About 2% lower than October and the lowest since early 2021
Sales: 516, down 11% month-over-month
Active listings: 1,737, down 17% from October
By region:
416 townhomes: average $870,793 (209 sales)
905 townhomes: average $822,549 (658 sales)
Townhomes continue to be that “in-between” option for buyers who want more space than a condo without the full cost of a detached.
Semi-detached homes
Semis posted the sharpest monthly price change.
Average GTA semi-detached price: $997,499
Down 3.5% from October, back to early 2021 levels
Sales: 485, down 18% month-over-month
Active listings: 1,288, down 15% from October but still 16% higher than last year
By region:
416 semis: average $1,187,111 (209 sales)
905 semis: average $853,916 (276 sales)
For many families, semis hit the sweet spot—freehold living at a lower price point than a detached, especially in established neighbourhoods.
What this means if you’re buying
You have more time and more leverage than during the peak years.
Multiple offers still happen on special properties, but they’re not the norm.
With prices down 20–25% from the highs in some segments, your dollar stretches further—especially if you’re moving up within the same market.
The buyers who do best right now are the ones who are pre-approved, clear on their budget and non-negotiables, and ready to act when the right home appears.
What this means if you’re selling
This is a price-sensitive market. Overpricing will cost you both time and money.
Clean presentation, professional marketing, and an honest pricing strategy are essential.
Serious buyers are still out there, but they are more cautious and analytical than in 2021.
If you’re planning to sell in 2026, this winter is the right time to review your property, your timing, and your numbers so you can hit the market with intention—not guesswork.
Looking ahead to early 2026
Economic signals are cautiously improving: interest-rate expectations have stabilized, employment has held up, and lower home prices have nudged affordability in a better direction. If this trend continues, we may see more confident buyers and sellers returning to the market in early 2026.
We’re not going “back” to 2021, and that’s a good thing. We’re moving into a more grounded, negotiated market where informed decisions win.
If you’d like to understand what these November 2025 numbers mean for your home or your next purchase in High Park, Bloor West, The Kingsway, or the West area of the GTA, please reach out and I’ll walk you through a clear, data-based plan.
Whether you're buying, selling, or simply tracking the market—I’m here to help you navigate it with clarity, strategy, and grounded advice.
Luba Beley, BROKER
Real Estate With Integrity
📩 Ready to talk? Let’s connect.
📞 416-419-5226
📍 Serving Toronto, Etobicoke, and the GTA West