📊 Market at a Glance

Sales: 1,553
🔻 13% Y/Y

New Listings: 2,251
🔻 3% Y/Y

Inventory: 5,581
🔺 28% Y/Y

Benchmark Price: $559,000
🔻 5% Y/Y

⚠️ Inventory remains well above long-term norms, driven primarily by growth in row homes and apartments.

🏡 Detached Homes

• Sales: 823

• Benchmark Price: $733,000

• 🔻 2% Y/Y

• 🔺 1% YTD

Detached homes remain in balanced conditions with roughly 3 months of supply.

Most of the price softness is concentrated in:
📍 North East
📍 North
📍 East

💡 Seller takeaway: Pricing within market realities still gets results.
💡 Buyer takeaway: More choice than last year, less pressure.

🧱 Semi-Detached Homes

• Benchmark Price: $671,700

• ➖ Flat Y/Y

• 🔺 ~3% YTD (strongest segment)

Inventory reached a five-year high for November, easing pressure and slowing price gains.

🏆 Biggest winners:

• City Centre: 🔺 4%

• North: 🔻 1%

💡 This segment remains healthy and stable.

🏠 Row Homes (Townhomes)

• Benchmark Price: $424,400

• 🔻 6% Y/Y

• 🔻 ~2% YTD

Inventory is at levels not seen since 2018, creating more balanced, slightly buyer-tilted conditions.

📉 Price declines are not just seasonal—more supply is applying sustained pressure.

💡 Opportunities are opening up for value buyers.

🏢 Apartment Condos

This segment is feeling supply pressure the most.

• Benchmark Price: $309,300

• 🔻 7% Y/Y

• 🔻 ~2% YTD

• Months of supply: ~6 (buyer’s market)

Biggest corrections:
📍 North East: 🔻 5%

Only stable area:
📍 West District

💡 Buyers have leverage, options, and negotiating power right now.

💡 What This Means for Buyers and Sellers

👇 Buyers

• More selection, especially in condos & townhomes

• Less urgency

• Better negotiating room

• Opportunity to lock in value before long-term price recovery

👆 Sellers

• Detached & semi-detached still performing well

• Strategy matters more than ever:

  • Pricing

  • Presentation

  • Marketing

• Condo sellers should expect longer timelines

🔮 Big Picture

November reflects seasonal softening, but the real story is supply growth, largely from the new-home sector feeding into the resale market.

This has led to:

• Balanced conditions in detached/semi

• Buyer’s market dynamics in condos

• Pressure on prices, especially in high-density segments

✨ Despite short-term softness, detached pricing remains up year-to-date.

📞 Thinking About 2026 Moves?

Whether you’re:

• Buying your first home

• Upgrading

• Downsizing

• Investing

Understanding today’s shifting dynamics is critical for smart, confident decisions.

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