Ontario's housing market in November 2025 saw a 5.2% year-over-year decline in average home prices to $757,400, with single-family homes down 4.9%, townhouses 6.6%, and condos 7%. Sales dropped 13.1% year-over-year to 12,087 units, while active listings rose 14.3% to a 15-year high. The market shifted toward balance with a sales-to-new-listings ratio of 49%. Average rent decreased 3.8% to $2,296.