June 2025 GTA Market Update – Momentum Is Building, but Uncertainty Holds the Line
There’s been a noticeable shift in the GTA housing market this past month—one you can feel as much as see in the numbers. Ownership housing became a little more attainable in June 2025, thanks to lower average prices and borrowing costs compared to this time last year.
While activity is picking up, we’re still in a market where confidence—not just affordability—is the missing piece.
Buyers who are active right now are playing it smart. With more listings on the table, they’re negotiating. They’re asking questions. And in many cases, they’re walking away with deals below the asking price. Combine that with interest rates that have softened year-over-year, and we’re seeing homeownership shift back into the realm of possibility for more families.
That said, the numbers show a complex picture:
Home sales in June hit 6,243—a 2.4% drop from June 2024.
New listings were up 7.7% year-over-year, reaching 19,839.
On a seasonally adjusted basis, sales were up from May, while new listings dipped—a sign the spring tightening trend is still in play.
There is economic anxiety. According to TRREB CEO Jason Mercer, a stabilized trade relationship with the U.S. and two more interest rate cuts could turn passive interest into active buying—and in turn, stabilize pricing. Right now, it’s all about perception: if people feel secure, they move.
Bottom line….June showed signs of life in the GTA market. You might say, “When the stakes are high, you’ve got to listen closely to what’s not being said.” Currently, the silence from sidelined buyers is revealing a great deal. Confidence—economic and emotional—is still the wildcard.
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