Toronto Real Estate Market News

🏙️ GTA Market Snapshot – November 2025

The Greater Toronto Area housing market continued to adjust in November, with home sales, new listings, and average selling prices coming in lower than this time last year. Many buyers remain cautious, taking a wait-and-see approach as they look for stronger economic certainty before making a move.

📊 Market at a Glance
• Home sales declined 15.8% year-over-year
• New listings were down 4% compared to last November
• Average selling price held at $1,039,458, reflecting a 6.4% annual decrease

💰 What This Means for Buyers
Lower borrowing costs, stable pricing, and a well-supplied resale market continue to create opportunities—especially for condo buyers. As economic and employment indicators improve, buyer confidence is expected to strengthen heading into 2026.

📈 Economic Outlook
Recent employment and economic growth reports exceeded expectations, suggesting the Canadian economy may be navigating global pressures more effectively than anticipated. Continued stability, paired with infrastructure investment, could encourage more buyers to re-enter the market in the months ahead.

🏗️ Looking Ahead
While current inventory levels benefit buyers, long-term affordability will depend on new construction—particularly housing that bridges the gap between condos and traditional single-family homes. Increased development will be essential to sustaining housing supply across the GTA.

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Toronto Condo & Homes Charts

Condo Market Report - 05/26/2025

🏢 TRREB Releases 2025 Q1 Condo Market Statistics

In Q1 2025, condominium apartment buyers in the Greater Toronto Area (GTA) benefited from more options compared to the same period last year. Although the number of transactions decreased, the increased listings gave buyers more negotiating power on prices.

Q1 2025 Stats:

3,794 condo apartment sales — a 21.7% decrease compared to 4,843 sales in Q1 2024.
14,544 new listings — up 25.2% year-over-year from 11,614 in Q1 2024.
The average selling price for Q1 2025 was $680,146, a 2.2% decrease from $695,555 in Q1 2024.

📉 Market Dynamics

The condo market saw more listings, which allowed buyers to have more negotiating power. Despite the lower transaction numbers, the increased choice gave buyers more flexibility, especially on price.

“Consumer polling by Ipsos for TRREB suggests that homebuyers are still waiting for relief on borrowing costs. Confidence in the economy has temporarily dipped, mainly due to uncertainties around Canada’s trade relationship with the United States.”

🏘️ Rental Market Impact

The well-supplied condominium rental market over the past year has led many renters to delay home ownership, instead opting for competitive monthly rents. The increase in rental inventory has allowed renters to negotiate better rental terms.

📈 Looking Ahead

The expectation for 2025 is that further rate cuts will encourage demand for condominiums once economic confidence improves in the coming months. The condo market is anticipated to gain momentum as the economic environment stabilizes.