The latest data from the Toronto Regional Real Estate Board (TRREB) shows that the Greater Toronto Area housing market remained buyer-friendly in November 2025, with sales, new listings, and average prices all down from a year earlier. Many buyers continue to wait on the sidelines, looking for stronger economic signals before making a move.
Home sales fell 15.8% year-over-year, while new listings dipped by 4%. The average selling price declined to $1,039,458, down 6.4% annually. Despite the softer numbers, month-to-month indicators show stability: prices held steady, and the average home price even edged up slightly from October.
Encouraging November employment data and stronger-than-expected economic growth point to improving consumer confidence heading into 2026. TRREB leaders note that a resilient job market and major infrastructure investments may help bring more buyers back into the market next year.
For now, buyers continue to benefit from a well-supplied market, offering more choice and less competition than in previous years. Sellers who price strategically are still securing results, especially in high-demand neighbourhoods.
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