A Year of Gratitude and New Beginnings as the GTA’s Housing Market Expects to Turn a Corner in the New Year

As the year comes to a close, I first want to take a moment to say thank you.

Whether we worked together this year, stayed connected online, or simply crossed paths, I’m truly grateful for the support, trust, and conversations we’ve shared. Every conversation, referral, and connection reminds me why I love what I do.  It’s the people and the relationships we build along the way.

Real estate is ultimately about people, relationships, and community, and I feel lucky to be surrounded by such an incredible network. Thank you for allowing me to be part of your journey, and for being a part of mine.

A Reflective Moment From This Year

One of my favourite moments of 2025 was working with a first-time home buyer and finding her a place that needed a little TLC.  She had the insight to see it needed love, vision, and some elbow grease and imagined the life she wanted to build.

Hearing from her a few months later and learning how she has been transforming the space, to make it her own, and hearing how she has adapted to life in her new city was a reminder of why this work matters. Real estate is so much more than buying a house.  It’s helping people start new chapters, create stability, and find a place that feels like home.

Stories like hers stay with me. They remind me of the impact a single decision can make, and how grateful I am to walk alongside my clients during these life-changing moments.

Looking Ahead to 2026

As we look toward 2026, early forecasts suggest a more stable and optimistic market. Interest rates have gradually eased throughout the year, and many experts expect continued moderation in 2026. This shift could mean:

• More confidence from both buyers and sellers
• Improved affordability as borrowing costs soften
• A more balanced market, with opportunities on both sides
• Renewed activity early in the year, especially from those who were waiting for some clarity

For buyers, 2026 may offer fresh chances to enter the market without the intense pressure of the previous few years. For sellers, renewed confidence and improved affordability can support healthier demand. And for investors, a stabilizing rate environment may open doors for long-term planning and value-focused purchases.

Happy Holidays

As we head into the holiday season, I hope your days are filled with warmth, laughter, and time spent with the people who matter most. Wishing you a joyful holiday season and a bright, hopeful start to 2026.

TRREB Market Update

Renewed Consumer Confidence Key to Housing Market Recovery - December 2, 2025

Greater Toronto Area (GTA) home sales, new listings, and the average selling price were down compared to a year earlier in November 2024. Intending homebuyers remained on the sidelines awaiting more positive economic news. “There are many GTA households who want to take advantage of lower borrowing costs and more favourable selling prices. What they need most is confidence in their long-term employment outlook. Fortunately, we saw encouraging news on jobs and the broader economy in November. If this positive momentum continues, consumer confidence will strengthen, and more people will be in a position to consider purchasing a home in 2026,” said TRREB President Elechia Barry-Sproule.

GTA REALTORS® reported 5,010 home sales through TRREB’s MLS® System in November 2025, down by 15.8 per cent compared to November 2024. New listings entered into the MLS® System amounted to 11,134, which was down by four per cent year-over-year. On a seasonally adjusted basis, November home sales were down slightly month-over-month compared to October 2025. New listings also edged lower compared to October.

The MLS® Home Price Index (MLS® HPI) Composite benchmark was down by 5.8 per cent year-over-year in November 2025. The average selling price, at $1,039,458, was down by 6.4 per cent compared to November 2024. On a month-over-month seasonally adjusted basis, both the MLS® HPI Composite and the average selling price remained close to October figures. The MLS® Composite was down slightly, whereas the average selling price edged up.

“November reports on employment and economic growth were much stronger than expected. The Canadian economy may be weathering trade-related headwinds better than expected. More certainty on the trade front coupled with positive economic impacts of recently announced infrastructure projects could improve homebuyer confidence moving forward,” said TRREB Chief Information Officer Jason Mercer