Real Estate Market Report | Toronto | November 2025
Confidence Shaken, Prices Falling
With an uncertain economic future, homebuyers are looking to see what the final implications may be – the good news is that selling with Bōde mitigates that risk entirely by maximizing your equity, you’ll outperform traditional methods of buying and selling.
We help provide home buyers and sellers with the data they need to be successful. When you have access to accurate and relevant data, you can be more confident in setting the price of your home and selling it or buying at the right price.
So what's happening in the Toronto real estate market as of November 2025?
Toronto’s housing market kept softening in October. New listings were up 11% compared to the typical October, while sales dipped 5%. Inventory surged 38% and months of supply climbed 33%, showing the market is way more balanced now. The benchmark price fell to $941,800—down 3.26% from last month and 7.12% from last year. Buyers are taking their time, sellers are rethinking their pricing, and the market has clearly entered a cooler phase where accuracy and patience matter more than they have in years.
Toronto's Detached Homes
Detached homes saw rising inventory and falling prices. New listings rose 23% while sales slipped 3%, pushing inventory up 53% and months of supply up 47%. The benchmark price for detached homes dropped to $1,481,300—down 3.97% from last month and nearly 9% from last year. Buyers at this price point are cautious, and the competition among listings is forcing price cuts. Detached homes are still desirable, but only when they’re priced right and positioned well.
Toronto's Condominums
Condo activity is still sluggish. Sales dropped 9% while new listings edged up 4%, and inventory climbed 29% with months of supply up by the same amount. Still, the benchmark price for condos rose 2.66% from last month to $577,000, suggesting there’s demand from investors and first-time buyers in certain pockets. Year-over-year pricing is still down 3.07% though, showing a market that’s still figuring itself out. Condos could become interesting again if rates ease and affordability improves heading into next year.
Toronto's Attached Homes
Semi-detached homes offered a rare bright spot. Sales were up 2% against the five-year average, with listings climbing 11% and inventory rising 38%. Months of supply jumped 26%, but demand kept pace. The benchmark price rose to $1,168,100—up 3.18% from last month, though still down 7.32% from last year. Semi-detached homes are attracting buyers who want more space without paying full detached prices. In a market full of hesitation, this segment is holding up better than most.
It’s critical to understand the dynamics in your local property market
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November 2025 Toronto Real Estate Market Trends & Insights
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