The GTA real estate market is waking up, but it is still cautious. In June 2025, affordability continued to improve with lower average prices and softer borrowing costs.
We saw 6,243 home sales, down 2.4% from June 2024. However, 19,839 new listings hit the market, up 7.7% year-over-year. More inventory means buyers had more choice and leverage to negotiate.
The average selling price came in at $1,101,691, down 5.4% from last year. The MLS Home Price Index Composite benchmark dropped 5.5% year-over-year. On a month-over-month basis, both the benchmark and average price edged lower compared to May, showing that while there is momentum, buyers are still cautious and watching economic signals.
💡 What does this mean for you?
Sellers
It is crucial to price your home correctly from the start. Buyers are smart, cautious, and have options. Overpricing can lead to your home sitting on the market longer than expected.
Buyers
You have more listings to choose from and negotiating power. With prices slightly lower and more choice, this could be a great window to act, especially before potential interest rate cuts or market shifts.
🔎 Looking ahead
If we see additional interest rate cuts and a strong trade deal with the US, consumer confidence could strengthen, leading to more activity and support for prices. For now, buyers are in a strong position to make careful, confident moves.
📊 Key stats at a glance
Homes sold: 6,243 (down 2.4% year-over-year)
New listings: 19,839 (up 7.7% year-over-year)
Average price: $1,101,691 (down 5.4% year-over-year)
MLS benchmark: down 5.5% year-over-year
💬 Let’s talk
Curious about how these trends impact your neighborhood or plans? Let’s grab a coffee or jump on a quick call. I am here to help you feel informed and ready.