November 2025 Newsletter

Thurston Olsen Real Estate Group

Hey Friends!

November’s here, and what a month October was!

Between the changing leaves, cozy fall vibes, and the incredible World Series run by our Toronto Blue Jays, it’s hard not to feel inspired. Sure, they didn’t take home the title this year, but the heart, hustle, and camaraderie they showed? That’s what being part of this city is all about. We were beyond thankful to make it to some playoff games, including game 1 of the World Series!

And speaking of excitement, the Toronto real estate market is showing its own kind of energy right now. Buyers are still active, sellers are adjusting strategically, and opportunities continue to pop up across the city.

For those looking to make a move before the end of the year, there is still time to get into your new home before the Holidays!

Planning a move in 2026? Let’s chat now. A little prep this fall goes a long way toward making your home shine when the market heats up again in the new year.

Here’s your November 2025 Market Update!

If you bought at the height of the market, you might be wondering if it still makes sense to move. Here’s the surprising truth, it could actually be the perfect time to move up into your next home.

Here’s why:
Even though prices have come down (roughly 12.3% since the peak), that drop also applies to the higher-end homes. So while your current property may have dipped in value a bit, the home you’re moving into has likely dropped by even more in dollar terms.

That means your next move might cost you less than it would have when prices were at their highest, even if your current home has softened a little.

For Example: Let’s say you bought a home for $1 million that’s now worth around $875K. That’s a $125K drop. But that $1.5 million home you’ve been eyeing? It’s also down 12.3%, which means you’re now paying around $1.3 million instead of $1.5. So yeah, on paper you ‘lost’ $125K, but you’re saving $200K on the upgrade. That’s a net win all day long.

So if you’ve been dreaming about a bigger backyard, an extra bedroom, that quiet home office, or that perfect neighbourhood, this could be your window to make it happen.

Curious what the numbers look like for your specific situation?* Let’s crunch them together. You might be surprised at what’s possible in today’s market.

*Numbers will vary depending on type of home and neighbourhood.

October brought a cooler pace to the Toronto housing market, a trend that’s giving buyers a bit more breathing room. Sales in the city of Toronto were down 6.3% year-over-year, while new listings were relatively flat, meaning there are more homes to choose from and sellers are slowly adjusting to today’s realities.

The average selling price in October came in at $1,069,807, down 8.2% from last October, with the largest decreases seen in Detached and Rowhouse segments. On the flip side, mortgage rates have ticked down slightly, easing monthly payments for those ready to buy.

For confident buyers (especially those secure in their jobs and finances) this market offers an opportunity we haven’t seen in a few years: less competition and more negotiating power. Lower borrowing costs and softer prices mean you can often move up into a home that might have been out of reach during the peak years.

TRREB’s outlook suggests activity will strengthen once there’s more economic certainty, but in the meantime, motivated buyers are quietly taking advantage of these conditions.

In short: while some are sitting on the sidelines, smart buyers are finding value right now, and setting themselves up for long-term wins.

Giving Back!

A huge thank-you to everyone who came out to our first annual Pumpkin Pie Giveaway in the Park! ? We went through 100 pies in just 18 minutes! Clearly, our neighbours have a sweet tooth! It was amazing to see so many familiar faces (and meet some new ones) out enjoying a perfect fall day together. We’re already planning to do it again next year… with even more pies next time around!

And on the topic of community initiatives….please SAVE THE DATE: December 11th for our East Side Food Drive – Holiday Season Edition!

This annual event supports the Daily Bread Food Bank, and it’s one of our favourite ways to give back. We can’t wait to spread some holiday cheer (and pick up a lot of food) across the East End again this season.

Protect Your Largest Investment: Your Home

For most of us, our home is our biggest investment. So it’s important to protect it, especially from the challenges of Canadian winters. A well-maintained home not only ensures comfort and peace of mind but also helps preserve and even increase its value.

By keeping your home in top condition, you’re setting yourself up for a better return when you decide to sell.

Ready to get started? Click below for your complimentary Fall Home Maintenance Checklist to ensure your home stays in prime condition year-round.

We’re Here To Help!

As always, we would be happy to help you and any of your friends, family, colleagues, or neighbours with real estate services or advice. If you can think of anyone who could use our help, feel free to make an introduction! We promise we’ll make you look good.

Cheers!

Chris and Ford