GTA Housing Market Trends December 2025
- Annually in 2025, the average selling price is $1,067,968, which is down by 4.7% compared to 2024.
- The new annual listings in 2025 are 186,753, up by 10.1% YoY.
- 3,697 new homes are sold in December 2025, which is down by 8.9% compared to December 2024.
- The overall housing sales in December are down compared to November 2025.
- The new listings in December 2025 are 5,299, which is up by 1.8% YoY.
What are the results of these market trends in December 2025? For how Canadian investors are shifting away from US property, read why Canadians are reducing US real estate investment.
The TRREB released GTA housing market data in December. Insights from last month showcase few changes and what investors can expect from the change:
- Improved stability: With new listings coming in, the stability in demand and supply is improved. This gives more confidence to buyers for investing in real estate.
For the latest monthly sales and price figures, see our Brampton Market Watch.
- Smart Pricing: The Canada real estate market is still price sensitive with high inflation and housing prices. Sellers who wish to sell their properties need to set smart pricing to attract buyers.
- Price Trends: The housing market prices in Ontario are still on the higher side. It will take some time to reduce depending on economic certainty.
GTA Housing Market Trends, November 2025
The housing market in Canada continues to be in a low state, with declining sales and new listings. The November market update by TRREB indicates a month of low activity for buyers and sellers. Is this an indication of a slow market in the next year or just the year-end effect? The trends continue to show how the Canadian real estate market has been affected by diverse economic and non-economic factors. Let us understand the GTA housing market trends in November 2025:
Key Highlights
Here are some of the key highlights of the GTA Canada real estate market in November 2025 from the Toronto Regional Real Estate Board:
- 5,010 sales transactions in November 2025 with –15.8% YoY.
- 2,296 detached homes, 485 semi-detached homes, 867 townhouses, and 1,299 condo apartments were sold in November.
- New listings 11,134 have reduced by –4.0% YoY.
- The average home prices are $1,039,458 with -6.4% YoY.
- The average home prices declined from $1,059,709 in October to $1,039,458 in November.
Types of properties and their impact
The TRREB has provided market trends and stats based on property types. All types have seen a decline compared to October. Let us understand the Canadian property market in detail:
- Detached homes: Sales for detached homes have reduced from 2,856 to 2,296. With low inventory and a lack of affordability, detached homes face a high gap.
- Townhouses: The townhouse sales reduced from 1,052 in October to 867 in November. Despite being a middle option between condos and detached homes, townhouses continue to face decline.
- Condo Apartments: The condos have declined from 1,558 to 1,299. They face high price risk, high maintenance fees, and are driven by high interest rates.
- Semi-detached homes: The semi-detached homes saw a slight decrease in sales from 595 in October to 485 in November. They are a middle option for buyers, offering more space than a condo and are affordable compared to detached homes.
What is driving these real estate market trends?
The GTA market trends in November continue to be shaped by economic uncertainty, financial pressure, and behavioral factors. Here’s why the trends are shaping:
- High borrowing cost: Despite the decline in sales this month and the rate cuts or future rate cut expectations, mortgage rates remain higher compared to 2022. So, higher rates reduce purchasing power and lead to fewer qualified buyers.
- Inflation continues: The financial pressure is still high, even if inflation has dropped from peak levels. Living expenses like groceries, utilities, and other everyday bills are still expensive for individuals to manage. This leaves a small margin for savings and mortgage payments. So, the Canadian housing market continues to affect home buyers.
- Low new listings: November stats show few new listings compared to October. Sellers have been pulling listings or holding their decision to sell properties. This might be due to low prices or a lack of clarity in listing property at the right price. They have been locked with the low mortgage rates from past years or a lack of move-in houses. Thus, it creates an imbalance in the Canada housing market.
- Affordability gap continues: Despite low sales, reduced average price, and listings, the affordability gap is huge. The income growth is stagnant; income levels are low compared to inflation. Unemployment issues and a lack of income streams to take a mortgage are also some of the reasons for affordability gaps.
- Market fatigue: After a long time of housing market crashes, volatile situations, and more, the buyers and sellers are tired. This fatigue has made the market slower. Being the last 2 months of the year, sales are lower. Buyers and sellers probably want to wait for 2026 for investments.
What does it mean for buyers & sellers?
Both buyers and sellers in the housing market in Canada can be impacted by these trends. November updates have different pros and cons for both. Let us understand in detail:
For Buyers:
Here is how buyers are affected by November market updates:
- The buyers have more negotiating power as sales are fewer and the average price has reduced. This is a small, strong window for buyers to invest for favorable returns. There are high chances of no pressure or bidding wars in buying properties.
- The reduced prices are creating a space for all buyers to invest. Whether move-up buyers, first-time buyers, or investors, there is a good time for buyers to purchase.
- The properties are sitting longer in sales listings. So, buyers have the option to compare homes and avoid rush decisions.
For Sellers:
Here are the details on how sellers can move as per November market trends:
- One of the major aspects is pricing your property in the market. With overpriced properties, you will end up listing for a long time in the market. To attract more buyers, it’s important to make sure properties are listed at a low and fair price. By reducing prices, you can reduce the negotiation power.
- Limited properties and a stagnant market have increased pressure to stand out in the market. In fact, few active buyers add to this. So, to attract buyers, make sure your listings are presented in an organized way, pictures or videos are high quality, market your property, and list on reliable websites.
You can list properties on Brampton Homes; we are reliable, transparent, and helpful throughout the process.
- If you are contemplating listings, you might end up putting in less effort or making the wrong move. So, consult with Canadian realtors and list properties when you are motivated to enter the market.
GTA Housing Market Trends October 2025
After years of a tight housing market in Canada, the stats indicate the month of transition. October market snapshots by TRREB display the path to recovery and changes. However, they are subtle, but the Canadian housing market is witnessing a better stage for 2026. The combination of new listings, slower sales, and reduced average price helps in balancing supply and demand. The latest monthly data from TRREB highlights the same. Let us check out in detail:
Key Highlights
Let us understand the key highlights of the October 2025 market stats by the Toronto Regional Real Estate Board:
- 6,138 homes sold in October with –9.5% YoY change.
- 2,856 detached homes, 1,052 townhouses, 1,558 condos, and 595 semi-detached homes sold in October 2025.
- 16.069 new listings are updated with +2.7% YoY.
- The average home price is $1,054,372 with –7.2% YoY.
- The average price from September was $1,059,709 and declined to $1,054,372.
What is driving these real estate market trends?
Here are some of the reasons that are creating these trends:
- Decline in YoY sales: From 6784 homes to 6138 homes in 2025, there is a –9.5% YoY decline in sales. Buyers were waiting for rate cuts and a better, more stable market to make the move. High inflation, high rates, and low-income growth contribute to the decline in sales. However, this year, BOC has reduced rates twice, which will eventually help with the real estate market.
- Increased listings: The new listings are up by 2.7% YoY from 15,646 in 2024 to 16,069 in 2025. The new homes for sale in Ontario strike a balance between supply and demand. With this, buyers have more options to check out and eventually have more negotiating power.
- Affordability: With slower sales and new listings, the tight balance between supply and demand is changing. New listings offer more supply with the ability to negotiate, thus offering affordability. The Canadian housing market is moving toward stability with potentially less upward pressure.
What does it mean for buyers & sellers?
Both buyers and sellers in the real estate market in Canada will have their implications in positive and negative aspects. Let us understand how and why this is important for both:
For Buyers
- More power: With the availability of more listings in the GTA and rate cuts, buyers have more power to negotiate. If handled smartly, buying homes in the GTA can be a good investment in the coming months. This data showcases how things are improving slowly, but eventually they are coming on a recovery path.
- Informed decision: The listings might create urgency, but buyers have to make more informed decisions. Researching local markets and collaborating with known real estate agents can help. Sometimes understanding these numbers as buyers can be difficult. An expert can make it easy to help with market insights.
For Sellers
- Price realistically: Sellers listing their properties should not expect multiple offers with market changes. The best way to place yourself among buyers and sell your property is through realistic pricing. Check the Canadian property market before quoting a price to avoid losing potential buyers.
- Offer flexibility: When offering new listings, sellers need to offer flexibility to buyers. Closing deals, negotiations, and the moving process can be crucial. So, offering flexibility gives buyers space to quote their budget and close deals.
For more details: Free Guide
Future Outlook
After the long decline in housing markets in Canada, October brought some relief. Here are some predictions for the coming months to check out:
- If rates continue to ease, the buyers will gain confidence in the market.
- If new listings continue to increase, the market is likely to become buyer friendly.
- The Canadian housing market depends on infrastructure and supply. With new initiatives, TRREB suggests long-term infrastructure to help stabilize the markets. Such as $13B Build Canada Homes program in the federal budget.
Conclusion
The October 2025 market snapshot by the Toronto Regional Real Estate Board gives a glimpse of upcoming housing market trends. Currently, the market is in a transition phase, and the progress and changes are slow, but they give slight details on recovery. The coming year will provide the results and initial phase of initiatives, rate cuts, and other market announcements.
For more details, check out our website!
Source: TRREB
FAQs
1. Are Canadian home prices coming down?
There is a decline in home prices from September to October 2025. The reduced rates and other benefits can help, but at a slower rate.
2. Should I buy a house now or in 2026?
It totally depends on your personal finances or requirements though markets in 2026 are looking stable.
3. What credit score is needed for a mortgage?
Any credit score above 680 is considered good, but it can vary as per the lender.
