June 2025– GTA Housing Market News
Here is our quick market update!
🏡 June 2025 GTA Housing Market Update
Affordability Improves, But Buyer Hesitancy Lingers
The Greater Toronto Area housing market saw continued signs of affordability in June 2025, as both average selling prices and borrowing costs remained below year-ago levels. Despite this positive trend, many potential buyers are still waiting on the sidelines amid ongoing economic uncertainty.
“The market is steadily recovering,” said TRREB President Elechia Barry-Sproule.
“More listings have given buyers increased negotiating power, and lower interest rates have made homeownership more accessible. Many households in 2025 are now finding the path to owning a home more achievable than it was just a year ago.”
📊 Key Market Stats – June 2025
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6,243 homes sold across the GTA
🔻 Down 2.4% year-over-year -
19,839 new listings
🔺 Up 7.7% year-over-year -
Average selling price: $1,101,691
🔻 Down 5.4% year-over-year -
MLS® HPI Composite Benchmark:
🔻 Down 5.5% year-over-year
On a seasonally adjusted basis, sales increased month-over-month, while new listings declined, continuing the market tightening seen throughout spring.
💬 Expert Insights
“A more stable economic outlook—particularly a firm U.S.-Canada trade deal—could greatly improve consumer confidence,” said Jason Mercer, TRREB Chief Information Officer.
“If paired with two additional interest rate cuts, monthly mortgage payments could become even more manageable, helping to sustain the momentum we’ve seen and supporting prices moving forward.”
🏠 Looking to Buy or Sell?
With the market shifting and opportunities growing, now is the time to connect with a local REALTOR® who understands the current landscape and your specific goals.
All in all, it’s a market that favors buyers, but things can still move fast if the property hits the right price point. If you’re curious about what all this means for your home or area specifically, feel free to get in touch — we’re always happy to help.
Milton Real Estate Market
The average price in Milton $1,066,102
Burlington Real Estate Market
The average price in Burlington $1,130,101
Oakville Real Estate Market
The average price in Oakville $1,488,777
