The latest Toronto real estate market statistics for June 2025 have been released, and they paint an interesting picture as we head into the summer months.
June continued the trend of slow sales that we've seen throughout 2025. In fact, this June was one of the slowest on record. January started the year off as the third slowest January since records have been kept. February and March each recorded the slowest sales months ever for Toronto real estate. April and May were the second slowest on record, only behind the early pandemic period. June has kept pace with this trend, showing subdued market activity.
However, despite being slower compared to historical standards, June recorded the second highest number of sales this year, following May which had the highest. This shows that while the market isn't experiencing the high levels of activity seen in previous years, there is still steady movement.
In terms of prices, there was a month-over-month decline from May to June, and prices were down roughly 5% year-over-year. Interestingly, the median price actually increased slightly from May to June, suggesting some resilience in certain segments of the market.
Looking deeper into different property types:
One significant takeaway is that housing affordability has improved. According to recent data, affordability is now at its best level in three years, last seen in 2022. This could present opportunities for buyers who have been waiting on the sidelines for the right moment to enter the market.
The Bank of Canada's overnight rate remained unchanged, while tariff discussions continue to create uncertainty, with recent tariffs implemented and then quickly rescinded. Despite these shifts, improved affordability may encourage more buyers to act over the coming months.
As for months of inventory, the market remained relatively stable:
Looking ahead, many will be watching how these trends evolve through July and August. Will improved affordability translate to more buyers entering the market, or will the slow pace continue into the fall?
What are your thoughts on the current state of the Toronto real estate market? Do you expect activity to pick up over the summer, or will 2025 continue its trend of subdued sales?
June continued the trend of slow sales that we've seen throughout 2025. In fact, this June was one of the slowest on record. January started the year off as the third slowest January since records have been kept. February and March each recorded the slowest sales months ever for Toronto real estate. April and May were the second slowest on record, only behind the early pandemic period. June has kept pace with this trend, showing subdued market activity.
However, despite being slower compared to historical standards, June recorded the second highest number of sales this year, following May which had the highest. This shows that while the market isn't experiencing the high levels of activity seen in previous years, there is still steady movement.
In terms of prices, there was a month-over-month decline from May to June, and prices were down roughly 5% year-over-year. Interestingly, the median price actually increased slightly from May to June, suggesting some resilience in certain segments of the market.
Looking deeper into different property types:
- Detached, semi-detached, and townhomes saw prices decline month-over-month.
- Condo prices increased by approximately $5,000, a small but notable change in an otherwise quiet market.
One significant takeaway is that housing affordability has improved. According to recent data, affordability is now at its best level in three years, last seen in 2022. This could present opportunities for buyers who have been waiting on the sidelines for the right moment to enter the market.
The Bank of Canada's overnight rate remained unchanged, while tariff discussions continue to create uncertainty, with recent tariffs implemented and then quickly rescinded. Despite these shifts, improved affordability may encourage more buyers to act over the coming months.
As for months of inventory, the market remained relatively stable:
- Detached homes held steady with around 3.8 months of inventory.
- Semi-detached homes also remained flat with approximately 0.2 to 0.3 months of inventory.
- Townhomes saw an increase from 2.5 to 3.19 months.
Looking ahead, many will be watching how these trends evolve through July and August. Will improved affordability translate to more buyers entering the market, or will the slow pace continue into the fall?
What are your thoughts on the current state of the Toronto real estate market? Do you expect activity to pick up over the summer, or will 2025 continue its trend of subdued sales?
