GTA Market Statistics & Updates - November 2025
Stay informed with the latest real estate market data and insights from the Toronto Regional Real Estate Board (TRREB). Greater Toronto Area (GTA) home sales, new listings, and average selling price were down compared to a year earlier in November 2025. Intending homebuyers remained on the sidelines awaiting more positive economic news.
November 2025 Market Overview
Greater Toronto Area (GTA) home sales, new listings, and average selling price were down compared to a year earlier in November 2025. Intending homebuyers remained on the sidelines awaiting more positive economic news.
Key Statistics
Residential Sales
- Total Residential Transactions: 5,010 in November 2025
- Year-over-Year Change: Down 15.8% compared to November 2024
- Month-over-Month (Seasonally Adjusted): Down 0.6% from October 2025
Average Selling Price
- November 2025: $1,039,458
- Year-over-Year Change: Down 6.4% compared to November 2024
- Month-over-Month (Seasonally Adjusted): Up 0.6% from October 2025
New Listings
- Total New Listings: 11,134 in November 2025
- Year-over-Year Change: Down 4.0% compared to November 2024
Market Balance
- Sales-to-New Listings Ratio: Down 11.8% compared to previous month
Days on Market
- Property Days on Market: Up 16.7% year-over-year
- Listing Days on Market: Up 9.7% compared to previous month
Price Analysis
The MLS® Home Price Index (MLS® HPI) Composite benchmark was down by 5.8% year-over-year in November 2025. The average selling price, at $1,039,458, was down by 6.4% compared to November 2024. On a month-over-month seasonally adjusted basis both the MLS® HPI Composite and the average selling price remained close to October figures. The MLS® Composite was down slightly, whereas the average selling price edged up.
Expert Insights
Market Outlook
The GTA housing market continues to present opportunities for well-qualified buyers as market conditions favour those ready to enter the market. With lower borrowing costs and more negotiable prices, buyers who are confident in their employment situation can take advantage of current conditions.
Note: The PropTx MLS® System, of which TRREB is a part, has added a number of new client boards over the last year. Many of these boards' Members trade within the Greater Toronto Area and broader Greater Golden Horseshoe regions. As a result, historic data have been updated to reflect the addition of these boards' listings and transactions.
View comprehensive charts and detailed market analysis: Visit our Market Statistics page for interactive charts and in-depth analysis.
Source: Toronto Regional Real Estate Board (TRREB)