NOVEMBER 2025 UPDATE: GTA & DURHAM REGION REAL ESTATE MARKET
November saw a quieter month across the Greater Toronto Area as many buyers continued to wait for more economic certainty. While borrowing costs remain more favourable than the past few years, confidence is still building — keeping demand below typical levels for this time of year.
GTA Market Insights
GTA REALTORS® reported 5,010 home sales in November 2025, down 15.8% compared to November 2024. New listings also declined year-over-year to 11,134 (↓ 4%), keeping market conditions well-supplied but not excessively so.
The average selling price reached $1,039,458, down 6.4% annually, while the MLS® HPI Composite benchmark decreased 5.8% year-over-year. On a seasonally adjusted basis, prices remained steady month-to-month, reflecting a market that has found temporary stability as buyers assess long-term economic signals.
Positive job market data helped offset concerns related to broader economic headwinds, suggesting a foundation is forming for stronger consumer confidence in 2026.
Durham Region Market Highlights
Durham continued to offer value compared to the rest of the GTA, though softer conditions returned in November with lower sales, prices, and listing activity. Demand slowed heading into the winter season after October’s spike in sales.
Key Metrics – Durham Region (November 2025):
Average Sale Price: $840,833 (↓ 1.28% from October)
Days on Market: 30 (↑ from 29)
Sales: 622 (↓ 40.76%)
New Listings: 1,186 (↓ 33.82%)
Average SP/LP Ratio: 98% (↓ from 99%)
Area Breakdown
Oshawa
Avg. Price: $730,988 (↑ 0.48%)
Sales: 170 (↓ 3.95%)
New Listings: 324 (↓ 30.47%)
Whitby
Avg. Price: $932,088 (↓ 0.67%)
Sales: 113 (↓ 18.71%)
New Listings: 205 (↓ 40.58%)
Ajax
Avg. Price: $908,139 (↑ 0.34%)
Sales: 67 (↓ 34.31%)
New Listings: 150 (↓ 23.47%)
Pickering
Avg. Price: $919,332 (↑ 3.66%)
Sales: 107 (↓ 11.57%)
New Listings: 186 (↓ 37.16%)
Clarington
Avg. Price: $770,648 (↓ 2.84%)
Sales: 112 (↑ 4.67%)
New Listings: 208 (↓ 36.97%)
What’s Driving the Market?
- Seasonal Slowdown: With many buyers delaying decisions until the new year, activity eased across most communities.
- Affordability Improvement: Lower mortgage costs and balanced pricing continue to support buyer opportunity.
- Confidence on the Rise: Stronger-than-expected employment data may lead to more active demand in early 2026.
- Inventory Pullback: New listings dropped significantly, reducing selection heading into winter months.
Looking Ahead
For Buyers:
Patience is paying off — conditions remain buyer-friendly, with opportunities to secure competitive pricing before momentum potentially shifts next year.
For Sellers:
While demand is softer, serious buyers are still in the market. Homes aligned with current expectations on pricing and presentation continue to sell efficiently.
Bottom Line:
November highlighted a cautious marketplace across Durham Region and the GTA. Economic signals are improving, and as confidence builds, the stage is set for stronger activity in the months ahead — especially for those who prepare early for 2026.
Stats provided by TRREB & Independent Reporting Company RE Stats Inc. Information is deemed reliable but not guaranteed and may vary by 2.5%.
Posted by Dan Plowman on
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