The benchmark price eased 4.6 per cent from a year earlier
The Index
Edition · December 2025. Data · November 2025. Every change is year over year unless the row says otherwise.
Days on market lengthened to 49 from 37 a year earlier.
The city
- Sales · 1,553 ▼ 13.4%
- New listings · 2,251 ▼ 3.3%
- Inventory · 5,581 ▲ 28.2%
- Sales to new listings · 69.0%
- Months of supply · 3.59
- Days on market · 49
- Sales to list price · 97.4%
- Benchmark price, total residential · $559,000 ▼ 4.6%
The total residential benchmark price eased 4.6% from a year earlier to $559,000. Sales eased 13.4% from a year earlier to 1,553 against 2,251 new listings, a sales to new listings ratio of 69.0%. Inventory added 28.2% to 5,581 units and months of supply rose to 3.59 from 2.43 a year earlier. The sales to list price ratio eased to 97.4% from 98.5% a year earlier.
By property type
| Type | Benchmark | Year over year | Month over month | Months of supply | Sales | New listings |
|---|---|---|---|---|---|---|
| Detached | $733,000 | ▼ 2.2% | ▼ 1.4% | 2.97 | 823 | 1,075 |
| Semi-detached | $671,700 | ▼ 0.5% | ▼ 1.7% | 3.29 | 166 | 225 |
| Row | $424,400 | ▼ 6.2% | ▼ 0.9% | 3.51 | 257 | 396 |
| Apartment | $309,300 | ▼ 7.2% | ▼ 1.7% | 5.50 | 307 | 555 |
The detached benchmark eased 2.2% to $733,000 and the semi-detached benchmark eased 0.5% to $671,700. The row benchmark eased 6.2% to $424,400 and the apartment benchmark eased 7.2% to $309,300. Apartment months of supply reached 5.50 and detached months of supply reached 2.97.
By district, detached
| District | Benchmark | Year over year | Months of supply |
|---|---|---|---|
| City Centre | $944,500 | ▼ 1.1% | 3.54 |
| West | $943,000 | ▼ 1.7% | 2.37 |
| North West | $767,600 | ▼ 0.9% | 2.30 |
| South | $705,300 | ▼ 2.3% | 2.66 |
| South East | $694,500 | ▼ 3.0% | 2.85 |
| North | $650,400 | ▼ 4.2% | 3.08 |
| North East | $571,900 | ▼ 4.9% | 4.21 |
| East | $507,000 | ▼ 4.7% | 2.67 |
The North East detached benchmark eased 4.9% to $571,900 and the East detached benchmark eased 4.7% to $507,000. Detached months of supply reached 4.21 in the North East.
The benchmark home
The benchmark detached home for the city recorded 1,410 square feet above ground on a 4,897 square foot lot, built in 1992. It recorded three bedrooms above ground with two full bathrooms and one half bathroom. In the City Centre the benchmark detached home recorded 1,257 square feet above ground on a 5,252 square foot lot, built in 1952. The attributes of the benchmark home are reviewed once a year, and the November figures carry that review.
Source · CREB · MLS® Home Price Index · NOVEMBER 2025 data
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