Market Report | June 2025
Market Report | June 2025
A Window of Opportunity Emerges in the GTA Housing Market
June 2025 continued the trend of gradual recovery in the Greater Toronto Area real estate market, with conditions shifting in favour of well-informed buyers. Though economic headwinds remain, a combination of lower prices, reduced borrowing costs, and improved housing supply has created opportunities for households ready to make a move.
Affordability Improves — Cautiously
Compared to the same period last year, the average home selling price in June was down 5.4%, landing at $1,101,691. Similarly, the MLS® Home Price Index Composite benchmark declined by 5.5% year-over-year. Combined with easing mortgage rates, this has made ownership more attainable than it was during the height of the market.
While the long-term economic outlook remains clouded by geopolitical tensions and inflationary uncertainty, some buyers have started to re-enter the market—particularly those with flexible timelines or long-term investment horizons.
Greater Toronto Area - Monthly Sales Activity
Supply Grows, Activity Stabilizes
There were 6,243 home sales across the GTA in June, down 2.4% from June 2024. However, sales were up on a month-over-month seasonally adjusted basis, suggesting early signs of renewed market confidence.
New listings rose 7.7% year-over-year, with 19,839 homes coming to market. This increase in inventory has created more choice for buyers and is helping to rebalance previously tight market conditions. However, with sales activity trending upward and new listings declining slightly compared to May, conditions could tighten again if momentum builds into the summer months.
Regionally Balanced, Price-Sensitive
The market remains highly localized. Detached homes in the 905-area code (such as York, Peel, and Durham regions) continued to experience more significant price adjustments compared to condos in the downtown core. In many communities, motivated sellers have begun adjusting pricing expectations, especially for properties that linger on the market longer than average.
Buyers today are approaching the market with discernment. Properties that are professionally staged, well-located, and competitively priced are drawing attention—while those that aren’t aligned with current market realities risk being overlooked.
City of Toronto - Active Listings
City of Toronto Monthly Sales
York Region - Active Listings
York Region - Monthly Sales
What Lies Ahead
While June showed encouraging signs of stabilization, the road to full recovery remains contingent on broader economic factors. Interest rate cuts, improved consumer confidence, and a more stable global environment will all play a role in shaping the market over the back half of the year.
Still, the current window presents a compelling opportunity: buyers are negotiating on price, inventory is up, and affordability is gradually improving. For those considering a move—whether to upsize, invest, or enter the market for the first time—now may be the time to explore options before competition potentially heats up in the fall.
Regional Highlights
Toronto (416)
Toronto continues to be a resilient and diverse marketplace.
Average Price: $1,132,709
Total Sales: 2,319
New Listings: 7,053
Active Listings: 6,433
Average Days on Market: 26
Condos in downtown cores saw the greatest activity, while demand for detached homes remained steady in established family neighbourhoods. Overall, realistic pricing and staging continue to drive success in the city.
Markham
Markham’s market reflected growing stability, particularly in the condo and townhouse segments.
Average Price: $1,254,260
Total Sales: 394
New Listings: 1,361
Average Days on Market: 27
Demand in communities like Unionville and Cornell remains strong due to school zones, amenities, and access to GO Transit. Buyers are favouring move-in-ready homes priced under $1.5M.
Richmond Hill
Richmond Hill is seeing increased buyer interest due to softened prices and spacious options.
Average Price: $1,321,833
Total Sales: 238
New Listings: 873
Average Days on Market: 29
Luxury properties in areas like Bayview Hill and South Richvale are seeing more negotiation than in previous years. Inventory has created opportunity for upsizing at more approachable price points.
Vaughan
Vaughan’s market remains active, especially among young families and investors.
Average Price: $1,254,260
Total Sales: 310
New Listings: 698
Average Days on Market: 28
Neighbourhoods like Maple, Kleinburg, and Vellore Village continue to perform, particularly in the detached and townhome categories. Transit expansion and retail development have boosted long-term appeal.
