The latest numbers
Toronto’s housing market continued to adjust in June, with more homes available for sale and prices remaining below last year’s levels. According to the Toronto Regional Real Estate Board (TRREB), REALTORS® recorded 6,243 sales in June 2025, which is 2.4 per cent lower than the same month in 2024. At the same time, new listings reached 19,839, representing a 7.7 per cent increase year-over-year.

Price trends
The average selling price across the GTA came in at $1,101,691, which is 5.4 per cent lower than June of last year. The MLS® Home Price Index Composite benchmark also declined by 5.5 per cent over the same period. Compared to May, both the benchmark and the average selling price slipped slightly once seasonal adjustments were applied.

What this means for buyers
This combination of higher inventory and lower prices has created conditions that strongly favour buyers. More listings mean greater choice, and slower sales are giving purchasers the ability to negotiate terms such as price, closing dates, and conditions. Affordability has also improved compared to 2024 thanks to reduced borrowing costs. Although the Bank of Canada has kept its benchmark rate at 2.75 per cent since March, mortgage rates are still lower than they were a year ago. This has provided some relief for households looking to buy.

Challenges for sellers
For sellers, the picture is less straightforward. Homes that are priced correctly and presented well are still finding buyers, but unrealistic expectations are leading to longer days on market. Many properties that aim for last year’s values are sitting without offers, often requiring a re-launch at a more competitive price. Those who align their strategy with current conditions are the ones achieving results.

Looking ahead
Market activity in the coming months will depend largely on interest rates and the broader economy. TRREB has noted that further rate cuts could encourage more buyers to act, while ongoing trade uncertainty and economic volatility continue to weigh on consumer confidence.

The takeaway
June’s numbers confirm that Toronto’s market has tilted toward buyers. More choice, more negotiating power, and more realistic pricing are defining today’s landscape. For those preparing to make a move, this summer represents one of the most balanced market environments in years.