The GTA real estate market is showing signs of change as we wrap up the year. Sales in November dropped nearly 16 percent compared to last year, with just over 5,000 homes changing hands. Meanwhile, inventory climbed past 24,500 listings, giving buyers more choice and putting new pressure on sellers. The average home price now sits just over 1.039 million, about 6 percent lower than last year. Condos saw the biggest slowdown with sales down 20 percent, although prices only dipped slightly, and homes are taking longer to sell, with days on market climbing to 30. Overall, the market is shifting toward buyers as we head into the new year.
In this episode, we break down what these numbers mean for buyers and sellers right now. We discuss how the current slowdown is creating opportunities for buyers to negotiate and take their time, whether condos present new entry points for first-time homeowners, and how rising inventory is changing the dynamic across the GTA. For sellers, we cover strategies to stand out in a more competitive market, how to manage pricing expectations, and the tactics that can still attract strong offers despite longer selling timelines.
You’ll discover:
• Why buyers are gaining more leverage in today’s GTA market • How rising inventory and slower sales are affecting pricing and strategy • Opportunities for first-time buyers and condo purchasers • How sellers can adjust their approach to stand out and protect their price • What trends are shaping the market heading into the new year
If you’re buying or selling, this episode gives you the context and insights you need to make smart decisions in a shifting market. Subscribe for more GTA real estate updates, market analysis, and actionable advice.