In June 2025, home sales in the Greater Toronto Area (GTA) experienced a minor decline of 2.4 percent compared to the same month in the previous year, with a total of 6,243 properties sold. This trend was accompanied by an increase in new property listings, indicating a shifting landscape in the housing market.

The Toronto Regional Real Estate Board (TRREB) reported a significant month-over-month sales increase of 8.1 percent on a seasonally adjusted basis from May. This uptick reflects ongoing signs of recovery within the GTA housing market, suggesting that buyers are gradually returning and becoming more active. The board highlighted that 19,839 new properties were listed in June, marking a 7.7 percent rise compared to the previous year.

According to TRREB president Elechia Barry-Sproule, the combination of an increase in available listings and lower borrowing costs compared to the previous year has made home ownership more achievable for prospective buyers. This shift has also led buyers to negotiate discounts on asking prices, further contributing to a more favorable buying environment.

In terms of pricing, the average selling price of homes in the GTA fell by 5.4 percent from the prior year, landing at approximately $1,101,691. Additionally, the composite benchmark price, which aims to represent the typical home in the area, also saw a decline of 5.5 percent year-over-year. These price adjustments may be indicative of a broader trend as the market adapts to changing economic conditions.

Active listings in the GTA surged to 31,603, which is a notable increase of 30.8 percent when compared to June 2024's inventory of 24,169 homes. This rise in active listings points to greater availability in the market, which is likely to influence future sales dynamics and pricing strategies.

Overall, the trends observed in June 2025 suggest a transitional phase for the Greater Toronto Area's real estate market, characterized by adjustments in both sales and pricing. The increase in listings and the ability for buyers to negotiate more favorable terms could lead to a more balanced market in the months to come.