The newest TRREB report is out, and here’s a straightforward look at what’s happening in the GTA real estate market right now.
📉 The Market Is Slower Than Last Year
Compared to November 2024:
Home Sales: 5,010 (down 15.8%)
New Listings: 11,134 (down 4%)
Average Price: $1,039,458 (down 6.4%)
Days on Market: 34 days (up 9.7%)
In short: fewer sales, fewer listings, and prices have dipped. Buyers are waiting for better economic signals before jumping in.
📊 Month-to-Month: Very Little Change
From October to November:
• Sales dipped slightly
• Listings dipped slightly
• Prices stayed almost the same
The market is moving slowly but staying stable. Nothing dramatic.
🧠 Confidence Is the Key
TRREB highlighted that buyer confidence is still the biggest factor right now.
Good news:
• Recent job numbers were stronger than expected
• The economy performed better than many thought
If this continues, more buyers may feel comfortable entering the market going into 2026.
🏡 Market Supply: Still Strong
The resale market currently has good supply, which benefits buyers with more choice and less competition.
TRREB also noted that as this inventory gets absorbed, new construction will be important to keep up with future demand — especially homes between condos and detached houses.
📌 What This Means for You
Buyers:
This is a good time to look.
Less competition, more negotiating room, and softer prices.
Sellers:
Your home can still sell — but pricing and presentation matter more in a slower market.
Investors:
A quieter market often brings opportunities.
Motivated sellers + better prices = potential long-term upside.
✨ Final Thoughts
The market isn’t falling — it’s stabilizing.
With improving job numbers and signs of economic strength, confidence may pick up in 2026.
If you want help understanding your options — buying, selling, or financing — feel free to reach out anytime.
From Loan to Home — Your Trusted Path to Ownership. 🏡