Real Estate Market Report | Toronto | December 2025
Sales Collapse Drives Sharpest Price Declines Among Major Markets
With an uncertain economic future, homebuyers are looking to see what the final implications may be – the good news is that selling with Bōde mitigates that risk entirely by maximizing your equity, you’ll outperform traditional methods of buying and selling.
We help provide home buyers and sellers with the data they need to be successful. When you have access to accurate and relevant data, you can be more confident in setting the price of your home and selling it or buying at the right price.
So what's happening in the Toronto real estate market as of December 2025?
Across Toronto’s market, the supply-demand imbalance is becoming increasingly pronounced. New listings tracked only 2% above the five-year November average, but sales came in 14% below typical levels. That gap pushed inventory 41% higher and stretched months of supply 46% beyond the November norm. What we’re witnessing is substantially reduced buyer urgency and significantly extended decision cycles. Year-over-year pricing has declined 6.02%, while that 1.41% monthly drop confirms ongoing near-term pressure. Sellers are facing the most competitive environment in years, while buyers have regained meaningful leverage through expanded choice, favorable timing, and negotiation power that’s been absent from this market for an extended period.
Toronto's Detached Homes
The detached segment is experiencing clear cooling, though sales are holding up better than other major markets. New listings surged 14% above the five-year November average while sales declined 6% below typical levels. Inventory jumped 60% above the norm—the highest relative increase across all property types—pushing months of supply 58% higher than usual for November. The benchmark for detached homes stands at $1,489,700 (HPI: 313.6), with price momentum weakening considerably—down 4.52% month-over-month and 8.84% year-over-year. Higher carrying costs and stretched affordability continue constraining demand at this elevated price point. Sellers must price competitively and expect longer market times. Buyers hold their strongest negotiating position in several years, particularly in this segment.
Toronto's Condominums
Toronto’s condominium market presents a puzzling data picture that warrants caution in interpretation. New listings came in 4% below the five-year November average while sales dropped sharply—23% below typical levels. Inventory climbed 32% above the norm, driving months of supply 47% higher than usual for November. The condominium benchmark sits at $576,500 (HPI: 279.3), with pricing showing a modest 0.29% month-over-month gain but an anomalous -43.85% year-over-year decline that appears inconsistent with broader market trends and likely reflects data reporting issues or methodology changes. Setting aside that questionable annual figure, the condominium segment shows elevated inventory meeting substantially weakened demand. Sellers face increased competition despite reduced new supply, while buyers are finding more selection and negotiation flexibility than they’ve had in years.
Toronto's Attached Homes
Semi-detached properties show the most unusual pattern in Toronto’s market, with data that suggests potential reporting anomalies. New listings increased 5% above the five-year November average while sales came in essentially flat at 1% above typical levels. Inventory jumped 44% above the norm, with months of supply running 35% higher than the November benchmark. The semi-detached benchmark stands at $1,172,200 (HPI: 340.8), with a 2.64% monthly decline but an implausible 66.41% year-over-year gain that’s highly inconsistent with broader market fundamentals and likely reflects data collection issues. Looking past that questionable annual figure, the core story here is elevated inventory meeting stable but unexceptional demand. Sellers should expect more competition and moderate pricing pressure, while buyers benefit from improved selection without the extreme bidding dynamics of recent peak years.
It’s critical to understand the dynamics in your local property market
To understand best, you need relevant data based on your home. No tool available can do that better than Bōde’s homeowner dashboard. To get yours, click here
Ready to Sell Your Home easily?
Welcome to Bōde
Bōde has created a marketplace to allow you to get transparent home data, set your price, and list your home on MLS® (and 1000+ more sites). We will advertise your home and walk you through the whole sale process for $949 at listing or 1% up to a maximum of $10K, only when the home sells.
Looking to buy? Bōde empowers buyers to purchase any Bōde property – for no charge.
With your free Bōde account, you are completely in charge of your home sale or purchase and get to keep more of the money you invested in your home!
Get started at bode.ca
Why Bōde?
