Real Estate Market November 2025

09 Dec Real Estate Market November 2025

Your November 2025 real estate market update is here! Covering Toronto, Oakville, Burlington, Hamilton and the surrounding areas.

Highlights of the real estate market from TREBB and RAHB

“Greater Toronto Area (GTA) home sales, new listings, and average selling price were down compared to a year earlier in November 2024. Intending homebuyers remained on the sidelines awaiting more positive economic news.

GTA REALTORS® reported 5,010 home sales through TRREB’s MLS® System in November 2025 – down by 15.8% compared to November 2024. New listings entered into the MLS® System amounted to 11,134 – down by 4% year-over-year.

On a seasonally adjusted basis, November home sales were down slightly month-over-month compared to October 2025. New listings also edged lower compared to October.

The MLS® Home Price Index (MLS® HPI) Composite benchmark was down by 5.8% year-over-year in November 2025. The average selling price, at $1,039,458, was down by 6.4% compared to November 2024. On a month-over-month seasonally adjusted basis both the MLS® HPI Composite and the average selling price remained close to October figures. The MLS® Composite was down slightly, whereas the average selling price edged up.

Over in Hamilton/Burlington – “a total of 624 homes sold across Hamilton, Burlington, Haldimand County, and Niagara North through the Multiple Listing Service® (MLS®)
System of the Cornerstone Association of REALTORS® (Cornerstone). This figure represents a year-to-date decline of 12%.

“We’re seeing a more balanced market right now, which is giving buyers some breathing room after years of intense competition,” says Nicolas von Bredow, Cornerstone spokesperson for the
Hamilton-Burlington market area. “Although sales and new listings are down, this is typical as we
enter the winter months. We have inventory that is still higher than long-term trends, creating
opportunities for those who have been waiting on the sidelines. Homes are staying on the market longer, giving buyers time to think and negotiate rather than rushing into bidding wars.”

The number of new listings eased off last year’s levels, bringing the sales-to-new listings ratio to 50%. Inventories, while trending down over the previous month, are still higher than last year’s
levels and 68 per cent higher than long-term trends. Year-to-date, the average unadjusted benchmark price was $775,464, nearly 5% lower than last year.”

Questions about buying or selling? Reach out anytime, I’d be happy to discuss the market with you!

All the latest home prices and statistics by property type and city below!

Sources for Real Estate Market Update for November 2025 : Toronto Regional Real Estate Board and Cornerstone Association of REALTORS®