By Sammy Hudes
Sales, which were larger than Toronto-area sales a year ago, fell 2.4% in June, while 6,243 properties changed hands while new listings rose.
The Toronto Regional Real Estate Commission said sales increased by 8.1% from May’s sales as the housing market “continues to show signs of recovery.”
The board said it listed 19,839 new properties in the GTA last month, an increase of 7.7% compared to last year.
“With more listings, buyers are taking advantage of the choice choice and negotiate discounts,” TRREB Chairman Elechia Barry-Sproule said in a press release.
“Home ownership is the target of many families in 2025 compared to lower borrowing costs compared to a year ago.”
The average selling price fell 5.4%, compared with the $1,101,691 a year ago, while the comprehensive benchmark price representing a typical home fell 5.5% year-on-year.
The active list last month accounted for 31,603, up 30.8% from the inventory of 24,169 homes in June 2024.
Like other regions, the GTA experienced slower real estate activity in the first half of this year as many potential buyers were frightened by economic uncertainty related to Canada’s trade war with the United States
In May, after a 23% annual decline in April, home sales fell about 13% year-on-year.
“The company trade agreement with the United States, accompanied by the rattle of the cross-border saber, will greatly reduce the economic erosion and improve consumer confidence,” said Jason Mercer, chief information officer of TRREB.
“Best of all, the two additional cuts in interest rates will make monthly mortgage payments to average GTA families more comfortable. This can enhance momentum over the past few months and provide some support for the sale price.”
After seven consecutive cuts, the interest rate for key policy decisions for two consecutive decisions was stable at 2.75%.
In the City of Toronto, sales last month were 2,319, up 3.5% from June 2024. Home sales fell 5.6% to 3,924 throughout the rest of the GTA.
Compared to the entire region a year ago, all property types had less total sales in June.
The biggest decline was in the townhouse segment, where four properties sold decreased, followed by separate homes, a 2.9% drop. The number of apartments sold decreased by 2.5%, and semi-detached homes that changed hands fell by 0.7%.
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Elechia Barry-SprouleHome PricesJason Mercer
Last modified: July 4, 2025
