As of November 2025, the real estate market in major Canadian cities contraction in trade and increase in supply they are appearing at the same time.
The number of transactions decreased by nearly 10%, and the average housing price $1.05M based on GTA standards it fell by more than 7%.
In the midst of this, housing affordability is on the contrary, it is improving. It is a phenomenon that is unlikely to occur.
According to a recent report by Global News, currently in Canada buying a house it has become the easiest in the last three years.
This is not simply due to the drop in price, in the psychological changes of market participants, it appears to be a phenomenon that originated from this.
TREB also "Many buyers are taking a wait-and-see approach due to economic uncertainty," they stated. In other words, it can be interpreted to mean that "market confidence has collapsed."
Let's start with the key indicators.
|
Item |
As of October 2025 |
YoY change |
|
GTA trading volume |
Approximately 53,000 cases |
-10% |
|
Sales ratio compared to new listings (Sales-to-New Listings) |
Less than about 40% |
↓ |
|
Average length of stay on listings (Days on Market) |
40 days condo 32 days of detached house |
Up |
|
Stock period (Months of Inventory) |
Condo 6 ~ 6.5 months 5 months of single-family home |
Up |
|
Number of transaction cancellations (Terminations) |
Peak in June 2025 |
Up |
As such price drop + sluggish trading + accumulation of listings the structure is visible.
TREB Monthly Report Summary:
- Decrease in trading volume — Collapse of demand
- Increase in listings — Rising supply pressure
- Price Decline — Continued Downtrend
Condomiums
The average length of stay for listings is about 40 days, it improved slightly from 45 days earlier this year, but it is still a difficult market to sell in.
MOI (Main Inventory Period) is 6 to 6.5 months it is higher compared to the past 3 to 4 months. New supply is maintained, but, selling pressure on properties held for investment purposes rather than actual demand it is appearing strongly.
The condo market is highly sensitive to interest rates it would be best to wait until the interest rate is lowered.
Detached
The average length of stay for listings is it recovered to the early 30-day range.
Most transactions after price reduction many forms of connection are seen.
MOI fell slightly to 5 months, but it is still in a state of oversupply.
To summarize, the detached house market is a little more it shows a tendency to move quickly, the condo market is still in a pretty difficult state.
New listings the speed of entering the market than the rate of increase in sales it is increasing faster. The sales-to-new-listings ratio is if it is 50% or less, the market is increasingly to a 'buyer's market' it can be seen that it will move.
If you look at the sale price the average listing price is actually, it didn't go down that much. The current listing price is compared to the peak while it went down by only about 1–2%, the actual sales price has dropped by about 15%.
In other words, buyers are adjusting to the market, and the difference between the listing price and the selling price as it widens buyers in price negotiations it means you can take the lead.
As mentioned earlier unlike past cycles this time , both the trading volume and the price have fallen.
The reason is because economic uncertainty is high market recovery is employment stability and a decline in the unemployment rate, etc. I also believe it is possible only if it appears.
Buyers must be very cautious in the current market, and economic recession, high unemployment, falling prices, considering fluctuating mortgage rates caution is required when making investment decisions.