In June 2025, the Greater Toronto Area (GTA) real estate market experienced a slight decline, with home sales dropping by 2.4% compared to the previous year, totaling 6,243 transactions. However, on a month-over-month basis, sales increased significantly, up 8.1% from May, indicating that the market may be recovering from previous downturns. This uptick in sales, paired with rising new listings, suggests changing dynamics within the GTA housing landscape.
New listings surged in June, with a total of 19,839 properties coming onto the market, reflecting a year-over-year increase of 7.7%. This influx is encouraging for potential home buyers, as TRREB president Elechia Barry-Sproule noted, with more options available and lower borrowing costs compared to the same period last year. The combination of increased inventory and improved affordability makes home ownership more accessible, allowing buyers to negotiate lower prices than previously.
Despite these positive indicators, the average selling price of properties in the GTA fell by 5.4% from the previous year, landing at approximately $1,101,691. The composite benchmark price, representing a typical home, also decreased by 5.5% year-over-year. These declines in prices reflect the broader trends in the market, where shifting demand and the balance of supply are influencing the overall pricing dynamics.
An important factor in the current real estate landscape is the significant rise in active listings, which reached 31,603 in June. This represents a 30.8% increase from just 24,169 homes available in June 2024. The abundance of active listings provides buyers with more choices, potentially contributing to the negotiations resulting in discounts off asking prices. This trend indicates a more competitive market atmosphere, where buyers can benefit from a wider selection and better pricing.
The real estate board’s monthly analysis highlights the fluctuating nature of the GTA market. While there are signs of recovery with increased sales, the reality of falling prices and rising inventory suggests a complex scenario for buyers and sellers alike. This environment challenges the traditional perceptions of the housing market, as both affordability and availability play vital roles in shaping buyer behavior and market stability.
Overall, the Greater Toronto Area’s real estate market in June 2025 exhibits a blend of recovery and adjustment. As the market continues to evolve, stakeholders are closely monitoring these trends to strategize future actions, whether in buying, selling, or investment decisions. With increased listings and lower borrowing costs, the upcoming months will be crucial in determining if this momentum can sustain itself amid fluctuating prices and changing buyer sentiments.
