June 2025 GTA Real Estate Market Update
Ownership housing affordability continued to improve across the Greater Toronto Area in June 2025, with both average selling prices and borrowing costs remaining below levels seen last year. This environment has created more opportunities for determined buyers, though economic uncertainty has kept some households waiting for further stability before entering the market.
According to the Toronto Regional Real Estate Board (TRREB), REALTORS® recorded 6,243 home sales in June 2025, a modest decline of 2.4% compared to June 2024. Despite this dip in sales, new listings surged by 7.7% year-over-year, reaching 19,839 properties. This rise in inventory is offering buyers greater choice across many price points and neighborhoods throughout the GTA.
TRREB President Elechia Barry-Sproule emphasized, “Buyers are benefiting from more listings and softer borrowing costs compared to last year, making homeownership a more attainable goal for many GTA households.”
The average selling price in June 2025 was $1,101,691, reflecting a 5.4% decrease from the previous year. The MLS® Home Price Index Composite benchmark similarly declined by 5.5% year-over-year. These price adjustments, coupled with easing borrowing costs, are contributing to a more balanced market — one in which buyers have the ability to negotiate with greater confidence.
On a month-over-month basis, sales activity increased in June compared to May 2025, while new listings declined over the same period. This combination continued the tightening trend seen throughout the spring, as increased demand began to absorb available inventory. This dynamic suggests that motivated buyers are stepping into the market to capitalize on favorable conditions.
Economic conditions remain a critical factor in shaping the market. TRREB Chief Information Officer Jason Mercer noted that a firm trade agreement with the United States, along with additional interest rate cuts, could significantly improve consumer confidence and support household affordability. Such developments could further strengthen the recent momentum and lend stability to average selling prices across the region.
Yet housing markets do not exist in isolation from broader societal issues. TRREB CEO John DiMichele highlighted the increasing concern over violent crimes, including home invasions and carjackings, which can undermine community confidence. TRREB welcomed the federal government’s recent announcement of a crime bill aimed at stricter bail conditions and tougher sentencing, while stressing the need for more coordinated efforts to enhance public safety, such as increased funding for law enforcement and efficiency improvements in the court system.
Overall, the June 2025 GTA market reflects a complex but encouraging landscape: increased inventory, lower prices compared to last year, and signs of renewed activity among buyers. For those considering a purchase, these factors create a unique window of opportunity to secure a home under more favorable terms than seen in recent years. For sellers, understanding evolving market dynamics and pricing strategies will be essential to achieve optimal results.
At Evolved Realty, we pride ourselves on providing trusted, knowledgeable guidance to both buyers and sellers navigating these shifting conditions. Our commitment to professionalism, discretion, and market expertise ensures your real estate journey is as seamless and successful as possible.
Are you ready to make your next move in the GTA real estate market? Contact us today at info@evolvedrealty.ca or visit www.evolvedrealty.ca.