November 2025 GTA home sales volume was down 15.8% and average prices were lower by 6.4% year-over-year. Compared to the previous month, volume fell 18.4% while prices dipped 1.4%.
Semi-detached homes were the most resilient, with sales volume down just 5.5% year-over-year, while condo apartments showed the most weakness at –21.7%. This suggests buyers continued to favour larger low-rise options and were securing better value in a well-supplied market.
With high supply and softer demand, prices remained flexible. But if job growth and GDP momentum hold and borrowing costs stay steady, we could see sidelined buyers re-enter, boosting activity and supporting a more balanced market in 2026.