June 2025 Toronto Housing Market Stats, Improving Affordability

The GTA housing market is slowly but steadily leaning toward more affordability and balance. Here’s what happened in June

Prices Down, Options Up, Key Highlights:

• Average selling price: $1,101,691 (down 5.4% year-over-year)

• MLS® Home Price Index: down 5.5% compared to June 2024

• More listings: 19,839 new listings, up 7.7% year-over-year

Buyers have leverage:

• With more inventory and less competition, buyers are negotiating below asking.

• Sales slightly down—but picking up:

• 6,243 homes sold (down 2.4% year-over-year)

• But sales rose month-over-month from May, signs of early momentum!

Market tightening continues:

• Fewer new listings in June than in May, paired with more sales = tighter market conditions.

What’s Helping Affordability?

• Lower borrowing costs compared to last year

• Softer home prices

• More room to negotiate on listings

BOC Rate Announcements 2025:

* Wednesday, Jan 29  (Cut .25% To 3.00%) 

* Wednesday, March 12 (Cut .25% To 2.75%) 

* Wednesday, April 16 (HOLD At 2.75%) 

* Wednesday, June 4 (HOLD At 2.75%) 👎

* Wednesday, July 30 

* Wednesday, September 17

* Wednesday, October 29

• Wednesday, December 10

Due to the volatility in the Toronto condo market, I have excluded all home types except freehold detached on the monthly chart below. We can see that the number of active listing continues to climb well past previous records resulting in continued suppressed pricing and transaction levels.

This continues to be a fantastic market if you are a first time buyer, upsizing or looking for luxury waterfront.  Reach out to chat about these opportunities!