June 2025 Market Update

Summer is in full swing, and I hope you're soaking up the sunshine and enjoying quality time with family and friends.

The real estate market is also embracing a seasonal shift — and it’s good news for buyers. Increased affordability is creating fresh opportunities, with both home prices and borrowing costs sitting noticeably lower than this time last year. Still, some buyers are waiting on the sidelines, watching for what feels like the “perfect” moment to make their move.

But June brought promising signs of continued market recovery. With more listings hitting the market, buyers gained valuable choice and stronger negotiating power. When you combine that with today’s lower borrowing costs compared to 2024, the door to homeownership is opening wider for many GTA families.

Key June 2025 Highlights – Greater Toronto Area

Home sales were down slightly compared to June 2024 but ticked up month-over-month from May, showing steady buyer interest. However, the number of new listings edged lower from May, signaling that available inventory is starting to tighten again.

According to Jason Mercer, TRREB’s Chief Market Analyst, resolving international trade tensions could help strengthen the economy and rebuild consumer confidence. Plus, with two more potential interest rate cuts on the horizon, mortgage payments could soon become even more manageable for GTA buyers — a shift that may support selling prices moving forward.

Spotlight on Condos

Condo sales held steady compared to last year, but average condo prices dipped by 4.3%. Active condo listings climbed 19% year-over-year, and inventory levels are holding around seven months. While it’s encouraging to see consistent buyer activity, the steady stream of new condo supply will likely keep some pressure on prices in the near term.