The Toronto real estate market showed a mix of steady and shifting trends in June 2025, reflecting broader economic conditions and buyer behaviour. Here are the key insights to understand where the market stands today and what this could mean moving into the summer months.
Overall Market Overview
The average home price across the Greater Toronto Area remained around $1.1 million, a level it has hovered at for approximately three years. This stability reflects a market that has adjusted to past interest rate hikes, particularly the significant 1% increase in July 2022 that caused a sharp slowdown at the time.
Currently, there are five months of inventory on the market, placing Toronto in what is technically a buyer’s market. However, market dynamics vary significantly by property type and location.
Condo Market Insights
Condos continue to be a focal point for many buyers, with the average price sitting around $700,000. This represents a 4% decrease compared to last year, continuing a gradual downward trend of approximately $10,000 per year since 2022.
Despite slower movement overall, June saw the highest number of condo sales in a single month this year, with nearly 1,000 transactions. This uptick in sales volume suggests that while pricing has softened, buyers are still active in the condo segment, especially as prices become more attractive compared to recent years.
Detached and Semi-Detached Homes
The detached home segment showed an average price of approximately $1.65 million in June, down around $80,000 from May. There were just over 3,000 active detached listings, with roughly 800 properties sold. This translates to about 3.8 months of inventory, indicating a market leaning towards balance but still providing options for buyers.
Semi-detached homes continue to be one of the most desirable property types in Toronto. There are fewer semis available compared to detached homes, and they remain relatively stable in price at an average of $1.28 million. With only 2.28 months of inventory, semis are selling at a healthy rate, reinforcing their status as a strong bridge between condo living and detached home ownership.
Townhouses and Row Houses
Townhouses and row houses showed an average price around $1.2 million. These property types remain in demand, with a months-of-inventory ratio of approximately 3.18. While this fluctuates month-to-month, it generally indicates a market favourable to sellers.
Buyer and Seller Behaviour
Active listings increased by 30% compared to last year. Some of this rise is due to changes in data reporting that now include additional areas such as Barrie, but it also reflects sellers entering the market as buyer activity shows signs of recovery.
Interestingly, the total number of sales in Toronto proper increased year-over-year, while sales across the broader GTA declined slightly. This divergence highlights Toronto’s unique market resilience, likely driven by continued demand for urban housing and employment proximity.
Buyers are taking their time before making offers, with many properties sitting on the market longer than in past years. However, properties that are priced correctly and presented well continue to sell efficiently.
Looking Ahead
As summer progresses, it will be important to watch whether the slight downward trend in prices continues through July and August or if the market stabilizes at current levels. With the increase in active listings and a steady stream of buyers, the coming months could present opportunities, particularly for those entering the market for the first time or looking to upgrade from a condo to a freehold property.
For sellers, ensuring that listings are competitively priced remains critical. While there is buyer interest, many remain cautious and are seeking value before committing to a purchase.
The Toronto real estate market is balancing between buyer opportunity and cautious seller optimism. While average prices remain stable, shifts within specific property types and neighbourhoods present opportunities for well-informed buyers and sellers alike. Staying up to date with monthly data will be essential for making strategic real estate decisions this year.
Overall Market Overview
The average home price across the Greater Toronto Area remained around $1.1 million, a level it has hovered at for approximately three years. This stability reflects a market that has adjusted to past interest rate hikes, particularly the significant 1% increase in July 2022 that caused a sharp slowdown at the time.
Currently, there are five months of inventory on the market, placing Toronto in what is technically a buyer’s market. However, market dynamics vary significantly by property type and location.
Condo Market Insights
Condos continue to be a focal point for many buyers, with the average price sitting around $700,000. This represents a 4% decrease compared to last year, continuing a gradual downward trend of approximately $10,000 per year since 2022.
Despite slower movement overall, June saw the highest number of condo sales in a single month this year, with nearly 1,000 transactions. This uptick in sales volume suggests that while pricing has softened, buyers are still active in the condo segment, especially as prices become more attractive compared to recent years.
Detached and Semi-Detached Homes
The detached home segment showed an average price of approximately $1.65 million in June, down around $80,000 from May. There were just over 3,000 active detached listings, with roughly 800 properties sold. This translates to about 3.8 months of inventory, indicating a market leaning towards balance but still providing options for buyers.
Semi-detached homes continue to be one of the most desirable property types in Toronto. There are fewer semis available compared to detached homes, and they remain relatively stable in price at an average of $1.28 million. With only 2.28 months of inventory, semis are selling at a healthy rate, reinforcing their status as a strong bridge between condo living and detached home ownership.
Townhouses and Row Houses
Townhouses and row houses showed an average price around $1.2 million. These property types remain in demand, with a months-of-inventory ratio of approximately 3.18. While this fluctuates month-to-month, it generally indicates a market favourable to sellers.
Buyer and Seller Behaviour
Active listings increased by 30% compared to last year. Some of this rise is due to changes in data reporting that now include additional areas such as Barrie, but it also reflects sellers entering the market as buyer activity shows signs of recovery.
Interestingly, the total number of sales in Toronto proper increased year-over-year, while sales across the broader GTA declined slightly. This divergence highlights Toronto’s unique market resilience, likely driven by continued demand for urban housing and employment proximity.
Buyers are taking their time before making offers, with many properties sitting on the market longer than in past years. However, properties that are priced correctly and presented well continue to sell efficiently.
Looking Ahead
As summer progresses, it will be important to watch whether the slight downward trend in prices continues through July and August or if the market stabilizes at current levels. With the increase in active listings and a steady stream of buyers, the coming months could present opportunities, particularly for those entering the market for the first time or looking to upgrade from a condo to a freehold property.
For sellers, ensuring that listings are competitively priced remains critical. While there is buyer interest, many remain cautious and are seeking value before committing to a purchase.
The Toronto real estate market is balancing between buyer opportunity and cautious seller optimism. While average prices remain stable, shifts within specific property types and neighbourhoods present opportunities for well-informed buyers and sellers alike. Staying up to date with monthly data will be essential for making strategic real estate decisions this year.
