Current Market Conditions

As we move deeper into summer, the Greater Toronto Area (GTA) housing market continues to transition, offering unique opportunities for both buyers and sellers. Home sales totaled 6,243 in June, yet we had 19,839 new listings enter the market, bringing the total number of active listings to 31,603, a 30.8% increase compared to the same time last year. This upward trend in inventory is reshaping the market landscape where buyers are able to take full advantage of the increased selection and improved negotiating conditions. With more inventory on the market, active buyers are in a strong position to find the right home.

Link below for previous Toronto Housing Market Reports

• Toronto Housing Market Report – June 2025
• Toronto Housing Market Report – May 2025
• Toronto Housing Market Report – April 2025
• Toronto Housing Market Report – March 2025

Demand and Interest Rates

The next interest rate announcement from the Bank of Canada is scheduled for July 30th, following its decision on June 4th to hold the policy rate steady at 2.75%. This ongoing trend of rate stability is offering homebuyers a greater sense of confidence as they navigate the market. With borrowing costs and average prices remaining lower than last year, ownership housing affordability continued to improve in June 2025. The average home price dipped slightly to $1,101,691, down from $1,120,879 in May. This month-over-month price drop, coupled with more inventory and relatively stable rates, is giving buyers more breathing room and more reasons to act. Buyers are no longer competing in the frenzy of bidding wars but are instead negotiating discounts and securing favorable terms.

Supply of Homes

The GTA is currently experiencing a market rich in inventory, creating an advantageous landscape for homebuyers. This healthy supply of available homes also means that sellers are facing stiffer competition. Homes are sitting on the market an average of 42 days, up from just 30 days last year. If you’re a seller, this means your home needs to stand out. Pricing, presentation, and strategic marketing are more important than ever to capture buyer interest in this saturated environment.

Have any Questions: Ask us how to maximize your home’s value and showcase it to stand out in today’s market!

Market Outlook

The GTA real estate market has started July 2025 with similar market trends noticed in June. For buyers, this is an exceptional time to enter the market. With both average prices and borrowing costs lower than last year, and an abundance of listings available, buyers are in a strong position to find their ideal home without the stress of bidding wars. Sellers, with increased competition and longer listing periods, it’s more important than ever to price your home competitively, present it beautifully, and connect with the right buyers through targeted marketing plan.

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