🏡 June 2025 GTA Real Estate Market Update

Inventory remains elevated while price trends stabilize—here’s what’s moving this month.

🔍 By the Numbers: June at a Glance

• Total Sales: 6,243 (–2.4% YoY, +0.0% MoM)

• Average Selling Price: $1,101,691 (–5.4% YoY, –1.7% MoM)

• New Listings: ~19,839 (+14% YoY, –) +15.8% over May

• Active Listings: 31,603 (+30.8% YoY, +2.1% MoM)—the highest in 15 years

• Sales-to-New Listings Ratio: 35% (calculated from sales and listings provided)

• Property DOM: 42 days (up from May)

• Listing DOM: 30 days (up from May)

• Months of Inventory: 5.06 months—pushing the GTA into a buyer’s market

Source: TRREB June Market Watch Report

🧠 Top Takeaway:
June showed stabilizing prices and consistent sales, but record-high inventory across the GTA has shifted the market firmly in favour of buyers—with over five months of supply.

What's happening locally? Durham & Toronto Market Insights

Every city/town is unique as are the communities within them. Scroll through to find your town.

📉 Rates & Financing Update

• BoC Policy Rate: Held steady at 2.75% on June 4, citing persistent economic uncertainty and trade tensions

• What’s Ahead: Economists expect at least two additional rate cuts later this year—possibly targeting 2.25% by year-end nesto.ca,TD Stories, Reuters.

• Fixed Mortgage Rates: Trending higher recently, with select 3–5 yr rates around 3.9%–4.0%

• Variable Rates: Prime remains at 4.95%—no change for now Facebook+8Bank of Canada+8Ratehub.ca+8.

Sources: nesto.ca,TD Stories, Reuters,NerdWallet, Bank of Canada,Ratehub.ca

🏠 What’s Changing — and What’s Not

1. Sales Plateau – After increasing through spring, June sales held steady, now just below last year’s levels.

2. Inventory Peaks – Active listings have surpassed 31,600—the highest in 15 years—granting buyers significantly more options.

3. Market Segmentation:

   • Condos: ~6.95 months inventory—clearly a buyer’s market.

   • Detached Homes: ~4.7 months—still balanced.

   • Townhomes/Semis: Remain balanced.

   • Durham Region: Balanced at ~3.58 months overall and 3.64 for detached.

   • City of Toronto: Buyer-favored, with overall ~5.06 months and condo apartments at ~6.9 months.

4. Economic Backdrop – Trade uncertainty continues to hold rates steady; inflation remains marginally above target

Sources:  Toronto Regional Real Estate Board.

⚖️ Buyers vs. Sellers: Who's in Control?

For Buyers:

• Increased inventory and cooling prices translate into more choice and negotiation power.

• Entry-level detached homes and townhomes are attracting interest; condos offer deep leverage.

• With rate cuts expected, securing a rate sooner could be wise.

For Sellers:

• Entry-level homes still command attention—focus on staging and pricing.

• Larger homes may stay on the market longer; presentation and promotion are key.

• Work with an agent to develop a strategic plan in this shifting market.

🔮 Quick Verdict:

📞 Thinking of Buying or Selling?

With stockpiles of listings and a potential for rate cuts on the horizon, expert guidance is now more crucial than ever. Let’s create a plan tailored to your goals—and timing.

👉 Connect with us for a personalized consultation

MORE MARKET INSIGHTS (Markham/Stouffville & Port Hope/Cobourg)