Toronto Central market report · November 2025
Toronto Central housing market: November 2025
Toronto Central housing market in November 2025: $1,098,705 average sale price (down 3.3% year over year), 912 homes sold, 5.9 months of supply — a buyer's market. Figures from the Toronto Regional Real Estate Board.
What happened in Toronto Central in November 2025
Toronto Central recorded 912 sales in November 2025, 15.6% fewer than the same month a year earlier. Sellers brought 2,132 new listings to market, leaving 5,235 properties in inventory — 4.1% more than a year ago. At the month's pace of sales that is 5.9 months of supply, which puts Toronto Central in a buyer's market. 31% of the month's new listings sold.
The average sale price across all property types was $1,098,705, down 3.3% year over year and down 3.3% on the month. Detached homes averaged $2,249,616 against $757,319 for condo apartments — the gap that decides which side of the $1.5 million insured-financing cap a purchase here falls on.
The two years to November 2025
By property type
| Type | Average sale price | YoY | Sold | New listings | Inventory |
|---|---|---|---|---|---|
| Detached | $2,249,616 | -10.3% | 167 | 432 | 1,082 |
| Semi-detached | $1,388,279 | -5.3% | 68 | 104 | 195 |
| Row / townhouse | $1,182,688 | -14.9% | 29 | 47 | 117 |
| Apartment | $757,319 | +1.2% | 594 | 1,441 | 3,553 |
| All types | $1,098,705 | -3.3% | 912 | 2,132 | 5,235 |
Source: the Toronto Regional Real Estate Board, Toronto Central, November 2025.
What this means if you're buying in Toronto Central
Market conditions shape the negotiation; your income, debts and the stress test decide what you can actually borrow. Central is where the $1.5 million cap bites hardest: detached houses in these districts typically trade well above it, so 20% down is the floor, insurance is unavailable, and fewer lenders will look at the file. On the condo side the recurring problem is pre-construction closings — a lender lends against the lesser of price and appraised value, and where a 2021 or 2022 purchase appraises below its contract price today, the shortfall has to be covered in cash. If you have a closing coming, get it looked at months ahead, not weeks.
Read the full Toronto Central area guide, compare it with the wider GTA market, or run your numbers and start an application.
Buying in Toronto Central?
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