The State of GTA Real Estate as 2025 Comes to a Close
As of November 2025, the GTA real estate market is experiencing falling prices, increased inventory, and cautious buyer behaviour, creating a unique opportunity for strategic buyers.
Market Trends
– Sales and Listings: The Greater Toronto Area (GTA) reported 6,138 transactions in October 2025, reflecting a 9.5% decline compared to the previous year. Meanwhile, new listings increased by 2.7%, indicating a growing supply of homes available for sale.
– Price Adjustments: The average selling price of homes in Toronto & GTA decreased by approximately 5% year over year, reaching $956,800 in October 2025. Different property categories displayed varying declines: single-family homes averaged $1,168,300 (down 5.3%), while condos averaged $559,800 (down 7.4%).
Buyer Behavior
– Cautious Buyers: Despite interest rate reductions aimed at enhancing affordability, buyers remain cautious, contributing to a more balanced market. This cautiousness has led some homes to stay on the market longer than expected.
– Opportunities for Buyers: The combination of rising inventory and falling prices presents a strategic buying opportunity for those who understand the local market dynamics. Buyers are encouraged to explore neighbourhoods with differing levels of demand and pricing.
Rental Market Insights
The rental market has shown resilience, with average rents stabilizing around $2,668. The demand for rental properties continues to outpace new listings, suggesting a competitive rental environment.