Ontario Market Report - November 2025: Prices Stabilize Amid Low Sales Activity

Ontario Market Report (SDMLS computed) — November 2025

In November 2025, the Ontario real estate market shows a composite benchmark price of $651,495, unchanged from the previous month. Total sales decreased to 98 from 119 in October, indicating a slowdown in market activity as new listings remain at zero.

Market Analysis

The Ontario real estate market is currently in a balanced condition, with the composite benchmark price holding steady at $651,495. This stability comes despite a notable decrease in total sales, which dropped by 17.6% from October's 119 transactions to 98 in November. The absence of new listings suggests a tight supply, which could be contributing to the stabilization of prices as demand remains consistent among buyers looking for available properties.

Property Type Analysis

When examining property types, detached homes have a benchmark price of $727,355 with 50 sales, making them the most active segment of the market. Attached/townhouses and apartments follow with benchmark prices of $572,924 and $522,357, respectively, and sales of 31 and 15. The higher sales volume in detached homes indicates a continued preference for larger living spaces, while the lower activity in the apartment segment may reflect shifting buyer priorities in the current economic climate.

Regional Highlights

Regionally, the Ontario market is experiencing a unique phase characterized by a lack of new listings, which has led to a balanced market despite the decline in sales. This trend may be reflective of broader economic conditions, as potential sellers may be hesitant to list their properties amid uncertainty. The stability in prices across all property types suggests that buyers are still willing to engage in the market, albeit at a slower pace.

For Buyers

For prospective buyers, the current market conditions present an opportunity to negotiate effectively, especially given the decrease in sales activity. Buyers should remain vigilant and ready to act when suitable properties become available, as the lack of new listings may lead to increased competition for desirable homes.

For Sellers

Sellers are advised to carefully consider their listing strategy in light of the current market dynamics. With no new listings in November, it may be beneficial to prepare properties for sale to capitalize on the existing demand, as buyers are still active despite the overall decline in sales.