Toronto Real Estate Market Report November 2025

Toronto Real Estate Market Report November 2025

Fall Market Trends, Rate Cuts, Price Corrections, and Buyer Opportunities

The Toronto real estate market shifted noticeably this fall as interest rate reductions improved affordability and encouraged more sellers to list. Buyers, however, remained cautious, which created one of the most balanced and opportunity-rich markets Toronto has seen in years. Inventory is rising, competition is softer, and prices in several segments have returned to levels close to a decade ago. This makes November 2025 a standout month for strategic buyers and investors.

Toronto Home Sales and Listings in November 2025

Sales across the GTA reached 6,138 transactions in October, a 9.5 percent drop from last year, while new listings increased by 2.7 percent. The average price reached 1,054,372 dollars, which reflects a 7.2 percent decline year over year. These numbers confirm a market in transition, shaped by motivated sellers and cautious buyers.

Freehold Market Highlights

The freehold market showed uneven performance across neighborhoods. Some areas experienced strong interest and quick sales, while others saw slower movement and conditional offers. This creates a high-value environment for buyers who understand local pockets of opportunity.

Toronto Condo Market in November 2025

The condominium sector remains divided between pre construction and resale.

Resale Condo Market

  • Prices average 768 dollars per square foot

  • A 22 percent correction from the 2022 market peak

  • Six months of inventory, giving buyers more leverage

  • Prices down 6.1 percent in Toronto and 8.6 percent in the 905 region

Pre-Construction Condo Market

  • Over 22,000 unsold units remain in the pipeline

  • Eighteen project cancellations so far this year

  • Twenty additional projects are on hold or in receivership

  • Construction activity is at its lowest level since 2017

This slowdown in launches is expected to tighten supply within two years, eventually increasing price pressure.

Toronto Rental Market Update

The rental market stayed resilient with lease transactions outpacing new listings. Average rents stabilized near 2,668 dollars. With borrowing costs trending downward, renters and investors are preparing for a more balanced 2026 rental landscape.

Why November 2025 Is a Strong Buying Opportunity

Several major factors make this one of the most strategic buying windows in recent years:

  • Prices in many areas have returned to near decade old levels

  • Buyers face less competition and more negotiating room

  • Borrowing costs are easing

  • Inventory levels are higher than typical for fall

  • Sellers are motivated and adjusting expectations

This combination rarely aligns in the Toronto real estate market, which is why many buyers and investors are stepping in before sentiment shifts in early 2026.

Outlook for Toronto Real Estate in 2026

Economists expect the market to recover gradually as interest rates stabilize and economic clarity improves. With fewer pre-construction launches and long-term supply constraints on the horizon, buyers entering now may be well-positioned for future growth.

Ready for the Full Market Breakdown?

To see detailed charts, price trends, sales data, and neighborhood-level insights, explore the full November Market Report.

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