量价齐崩！多伦多上个月房市持续暴跌！真是凉透了！专家放话：明年不一样！？

Core Insights - The real estate market in major Canadian cities, including Toronto, Vancouver, and Calgary, is experiencing a significant downturn in both sales and prices, indicating a broader market adjustment [3][8][10] Group 1: Sales and Price Trends - In November 2025, the number of homes sold in the Greater Toronto Area through the MLS system was 5,010, a decrease of 15.8% compared to November 2024 [3] - The average home price in Toronto for November was CAD 1,039,458, reflecting a year-over-year decline of 6.4% [3] - The MLS Home Price Index composite benchmark also saw a decrease of 5.8% year-over-year, indicating a clear market adjustment [3] Group 2: Buyer Sentiment and Economic Indicators - Economic uncertainty is causing many Toronto buyers to adopt a wait-and-see approach, with a desire for more confidence in long-term employment prospects [5] - Positive economic signals have emerged, including the addition of 67,000 jobs in October and a drop in the unemployment rate to 6.9%, alongside a GDP growth of 2.6% in Q3 [5] - Analysts suggest that if trade uncertainties are resolved and infrastructure projects positively impact the economy, buyer confidence may improve [5] Group 3: National Market Trends - The cooling of the real estate market is not unique to Toronto; Vancouver and Calgary are also experiencing declines in sales and prices [8][10] - In November, Vancouver saw a 15.4% year-over-year decrease in home sales and a 3.9% drop in prices, while Calgary's sales fell by 13.4% [10] - The market is expected to stabilize by 2026 if the current positive economic momentum continues, potentially leading to increased consumer confidence and purchasing ability [8][10]