Zoocasa
Sold Prices
Map
Market Insights
  • Blog Home
  • For Buyers
  • For Sellers
  • Real Estate News
  • Mortgage News in Canada
  • Free Guides (PDF)
  • Real Estate Infographics
Zoocasa
  • Blog Home
  • For Buyers
  • For Sellers
  • Real Estate News
  • Mortgage News in Canada
  • Free Guides (PDF)
  • Real Estate Infographics
Home Toronto Real Estate

Longer Days, Slower Sales as June Market Offers Buyer Advantage: TRREB

Angela Serednicki by Angela Serednicki
July 7, 2025
in Toronto Real Estate
Reading Time: 5 mins read
Share
Tweet
Share
0 Shares

At the start of summer, the Greater Toronto Area (GTA) housing market exhibited a mix of stability and softening, reflecting shifting dynamics among buyers and sellers. According to the Toronto Regional Real Estate Board (TRREB), 6,243 homes were sold in June 2025, representing a 2.4% decrease from June 2024. In contrast, new listings rose 7.7% year-over-year, reaching 19,839, suggesting sellers are feeling more confident about entering the market. Despite the rise in new listings, a growing inventory of unsold homes contributed to longer selling times. As more properties remained on the market, both the Average Listing Days on Market (LDOM) and the Average Property Days on Market (PDOM) increased, indicating a slower pace of sales and providing buyers with more time to weigh their options.

TRREB President Elechia Barry-Sproule remarked that the GTA market continues to show signs of recovery. “With more listings available, buyers are taking advantage of increased choice and negotiating discounts off asking prices. Combined with lower borrowing costs compared to a year ago, homeownership is becoming a more attainable goal for many households in 2025,” she says. 

Detached Homes Dominate but Show Regional Splits

Detached homes remained the most active segment, with 3,011 sales across the GTA. In the City of Toronto, the average price for a detached home was $1,641,868, while homes in the 905 region averaged $1,302,556. This brought the overall GTA average to $1,392,033. Sales of detached houses rose 5.9% within the city but fell 5.7% in the suburbs, resulting in a slight regional dip of 2.9%.

Looking at specific price segments, the most active detached home sales occurred in the $1 million to $1.25 million range, with 782 transactions recorded. Homes priced between $1.25 million and $1.5 million, followed by 537 sales, while 428 homes sold in the $900,000 to $999,999 range. 

  • Read: Canada’s Hottest Condo Market of the Last Decade Might Surprise You (It’s Not Toronto or Vancouve

Mixed Performance in Semi-Detached and Townhouses

Semi-detached homes saw mixed results across the region. In Toronto, sales increased by 18.6%, indicating strong demand for this property type within the city. In contrast, the 905 area experienced a 13% decline, resulting in a GTA-wide decrease of 0.7%. Pricing also reflected the urban-suburban divide, with the average semi-detached home in Toronto selling for $1,278,434, compared to $925,168 in the 905. Townhouses, meanwhile, were more impacted by shifting buyer preferences. Sales dropped 4% year-over-year, and average prices declined by 6.3%. Toronto townhomes sold for $957,605, with 905 units at $846,121, resulting in a regional average of $871,652. These trends suggest that many buyers may be gravitating toward more affordable or spacious options, particularly in a market where selection has increased and price sensitivity remains high.

  • Related: Canadian Cities With the Sharpest Home Price Declines in Spring 2025

Condos Hold Supply but See Fewer Buyers

Despite being the most widely available housing type, condo apartments experienced a decline in demand. Sales across TRREB regions dropped by 2.5% compared to last year, with average prices sitting at $731,232 in Toronto and $630,156 in the 905 region. The GTA-wide average came in at $696,424. Buyers, while still engaged, are carefully navigating the market, particularly in the mid-priced segments.

Condo purchasers continued to gravitate toward mid-range options, with 471 units sold between $500,000 and $599,999, followed by 290 units in the $600,000 to $699,999 range and 254 units purchased between $400,000 and $499,999. While these numbers represent just a portion of total condo activity, the concentration of sales in these price bands highlights a cautious but value-focused approach among buyers. In a market with more listings and negotiating power, affordability and long-term investment potential remain top priorities.

Neighbourhoods Driving Sales Across the City 

Curious about where buyers are heading in Toronto? In June, Toronto Central led the way with 1,065 home sales, driven by demand in neighbourhoods like Regent Park, St. James Town, and Corktown. Toronto East saw 635 sales, with the majority of sales concentrated in East York and Danforth Village. Toronto West recorded 619 sales, with most buyers opting for Islington, City Centre West, and Eringate. From the downtown core to quieter west- and east-end pockets, buyers are staying active across the city, even as the broader market begins to cool.

  • Read: How Restaurant Spending Impacts Your Down Payment Timeline

Peel and York Remain 905 Market Leaders

Outside Toronto, Peel and York regions continued to attract the most buyers. Peel Region reported 1,079 total sales, with Mississauga accounting for nearly half of those at 528. York Region was close behind with 1,061 sales, led by Vaughan and Markham, which posted 277 and 274 sales, respectively. These communities also stood out for price performance. The average home price in Markham was $1,286,057, followed by $1,220,390 in Vaughan and $1,019,578 in Mississauga, highlighting continued demand in high-performing 905 submarkets.

Inventory Growth Signals Buyer’s Market Conditions

Despite the moderate increase in sales, growing inventory signals a clear shift toward a buyer’s market. In the detached segment, 9,307 new listings were posted in June, yet only 3,011 homes (nearly one-third) had sold by the end of the month. By month’s end, 14,143 detached homes remained available. 

Condo apartments saw similar conditions, with 5,493 units listed and only 1,510 sold. In other words, just 27% of condo listings that were put up for sale had been purchased. A total of 10,501 condos remained on the market, reflecting growing supply and restrained buyer urgency. With listings far outpacing sales, many buyers are taking more time and negotiating harder.

Outlook: Recovery Hinges on Rates and Confidence

Economic confidence and interest rate decisions may play a pivotal role in shaping the second half of the year. TRREB Chief Information Officer Jason Mercer noted that geopolitical and trade developments could significantly impact consumer sentiment. He added that “a firm trade deal with the United States accompanied by an end to cross-border sabre rattling would go a long way to alleviating a weakened economy and improving consumer confidence. On top of this, two additional interest rate cuts would make monthly mortgage payments more comfortable for average GTA households.” If these developments unfold, they may help strengthen recent market momentum and offer some support for prices across the region.

Thinking of buying or selling in 2025? Zoocasa can help you find properties that fit your lifestyle and your budget. Start your search today.

Previous Post

Canada’s Hottest Condo Market of the Last Decade Might Surprise You (It’s Not Toronto or Vancouver)

Next Post

Pantone Colour of the Year: What the Last Decade Looked Like

Angela Serednicki

Angela Serednicki

Angela Serednicki is a Public Relations and Content Specialist at Zoocasa. Having resided in different Toronto neighbourhoods for over a decade, she has gained an intimate understanding of and a passion for exploring the city’s changing real estate scene. In her journalism career, Angela has written for some of Canada’s best, including Maclean’s, Canadian Business, Money Sense, Reader’s Digest, and various others.

Related Posts

Just for Fun

8 Best Malls in the GTA to Beat the Heat This Summer 

July 24, 2025
toronto skyline from ontario place
Toronto Real Estate

6 Ways Toronto Real Estate Transformed Over the Past 10 Years

July 14, 2025
Alberta

Breaking Ground: Alberta’s Clear Advantage in New Home Construction

June 30, 2025

Blog Search

No Result
View All Result

Newsletter Sign-up

Join a community of 130,000+ subscribers. Don't miss important real estate news, market data, and buying and selling tips.

Recent Articles

Tour 10 of the Craziest Houses for Sale in the U.S. Right Now

July 26, 2025
A woman sitting on a bed, looking relaxed, with a fan blowing gently beside her.

How to Keep Your Bed Cool in the Summer and Sleep Through the Heat

July 25, 2025

8 Best Malls in the GTA to Beat the Heat This Summer 

July 24, 2025
mountains, cherry blossom and vancouver skyline

6 Moments That Made Vancouver’s Market the Real Estate Rollercoaster Ride of a Decade 

July 23, 2025

Featured Listings

A black house perched on a rocky hill, surrounded by a clear blue sky and distant mountains.

Discover Canada’s Most Unique Homes: 14 Can’t-Miss Properties

July 17, 2025

6 Best Cities for Affordable Luxury Homes in Canada Under $1M

July 10, 2025

5 Canadian Cottage Regions That Make the Perfect U.S. Buyer Getaway 

June 15, 2025

From Skyline Views to Private Escapes: 5 Luxe Calgary Homes for Sale

June 10, 2025
first-time home buyer programs and rebates

Social Media

250 The Esplanade Suite 408 Toronto, ON M5A 4J5

Stay Connected

  • Blog Home
  • For Buyers
  • For Sellers
  • Real Estate News
  • Mortgage News in Canada
  • Free Guides (PDF)
  • Real Estate Infographics
No Result
View All Result

Zoocasa © 2007–2022. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.