GTA REALTORS® Release June Stats

🏡 Ownership Housing Affordability Improves

In June 2025, ownership housing affordability continued to improve, with average selling prices and borrowing costs remaining lower than the previous year. However, despite some month-over-month momentum, many prospective homebuyers remained on the sidelines due to ongoing economic uncertainty.

“The GTA housing market showed signs of recovery in June. With more listings available, buyers are taking advantage of increased choice and negotiating discounts off asking prices. Combined with lower borrowing costs compared to last year, homeownership is becoming more attainable for many households in 2025,” said Toronto Regional Real Estate (TRREB) President Elechia Barry-Sproule.

📊 Market Activity Overview

• 6,243 home sales reported through TRREB’s MLS® System in June 2025 — a 2.4% decrease compared to June 2024.
  
  

• 19,839 new listings entered into the MLS® System — an increase of 7.7% year-over-year.

On a seasonally adjusted basis, June home sales increased month-over-month compared to May 2025, while new listings saw a decline. This tightening trend continued through the spring.

💰 Price Trends and Market Outlook

• The MLS® Home Price Index (HPI) Composite benchmark was down 5.5% year-over-year in June 2025.
  
  

• The average selling price was $1,101,691, down by 5.4% compared to June 2024.
  
  

• On a seasonally adjusted month-over-month basis, both the MLS® HPI Composite and average selling price saw slight declines from May 2025.
  
  

“A firm trade deal with the United States, coupled with an end to cross-border tensions, would go a long way in alleviating a weakened economy and boosting consumer confidence. Additionally, two further interest rate cuts could make monthly mortgage payments more manageable for average GTA households. This would help sustain the momentum of the last few months and stabilize selling prices,” said TRREB Chief Information Officer Jason Mercer.

🔒 Public Safety Concerns

“Housing is not only impacted by economic and financial factors. Canadian residents, both homeowners and renters, are increasingly facing the threat of violent home invasions and carjackings,” said TRREB CEO John DiMichele.

“TRREB supports the federal initiative to table a crime bill this Fall, introducing stricter bail conditions and sentencing for these disturbing crimes. While this is a positive first step by the federal government to enhance public safety, additional measures are necessary, such as working with provinces to boost law enforcement funding and improve capacity and efficiency in the court system,”