The June 2025 Toronto real estate market stats are in – welcome to the most confusing real estate market we’ve seen in decades – or at least that’s what many buyers and sellers are thinking. Let me help clear the air.
First, let’s examine some of the headlines that are contributing to the widespread confusion.
“Ultra-luxury home sales up in GTA, even amid ‘chaos’ in Toronto’s real estate market”
“Signs of recovery: Toronto-area home prices drop more than 5% since last June”
“Toronto’s real estate market forces Paul McCartney to move concert to Hamilton” – The Beaverton…thanks for the laugh.
So sales are up, pricing is down, there are bidding wars, and homes are selling for full ask. Got it. No wonder buyers and sellers are asking about what’s really going on.
Here’s what I’m seeing in the market right now:
- The market we’re in right now is essentially performing as two separate markets – it has essentially split into the Freehold market (detached, row and semis) and the condo market. I look at these buyers and sellers as two very distinct groups that need very different buying and selling strategies.
- In-demand listings are selling – even in multiple offers, bidding wars and full-ask offers. I had a listing at the Chocolate Company Lofts that sold in 13 days at 100% of list price. It was a hot one, and loft-lovers moved quickly.
- Condos are selling, but it’s taking a long time. I just sold a 2-bedroom condo with a stunning view in Liberty Village that took a couple of months to sell, after one price drop. The problem? Many buyers in that price range were just starting to look and were in absolutely no rush. If I had a dollar for every time I got that feedback….but after 46 showings, it just sold!
- Pricing is down in all segments, but quantity sold is up in all segments. Significantly in both detached and semis, and slightly up (we’ll call it even) in the condo market. This is very GOOD news.
Toronto Market Stats – June 2025
Toronto Condos – June 2025
New Listings are down 5.5% year-over-year
Quantity Sold is up 0.5% year-over-year
Pricing is down 4% year-over-year
Days On the Market is up to 28 days from 24 days year-over-year
Trends in the Toronto Condo Market:
- The quantity sold number being nearly flat for the first time this year is a big win for the condo market. Yes, pricing is down, but buyers are starting to pull the trigger.
- Sellers are also starting to realize that this is the market now. It doesn’t matter what happened in the past; the cards in hand are what you have to play with.
- There are currently 4.8 months of inventory for sale in the Toronto condo market, which is the lowest amount of the year. A trend I’m keeping my eye on.
Semi-Detached & Row Homes
New Listings are up 42.6% year-over-year
Quantity Sold is up 32.6% year-over-year
Pricing is down 4% year-over-year
Days On the Market is up to 17 days from 12 days year-over-year
Trends in the Toronto Semi-Detached & Row Home:
- I like to call the summer months “semi-season” as there is a school break, so it’s time for families with small children to make a move. And we see that in the Quantity Sold numbers, which have jumped in June.
- With so much movement in this segment, it’s surprising to see that pricing is down. I point this to sellers being incredibly motivated, as they likely are seeing many opportunities to move up, or into a new neighbourhood. With inventory numbers and listings increasing, there is SO much good to choose from. Smart on their part because again, there is more opportunity to get a great deal on the buy than the sell.
- As of today, there is just under two months of inventory available in this segment. Although there is the appearance of a seller’s market, we’re not quite there yet. The combination of new listings and falling prices still places buyers firmly in the driver’s seat.
- Another interesting stat – as of today, we’re already surpassing last year’s quantity sold, showing that there is more buyer confidence now than this time last year. All excellent trends that I’ll be keeping my eye on.
Detached Homes in June 2025
New Listings are up 16.7% year-over-year
Quantity Sold is up 9.4% year-over-year
Pricing is down 5% year-over-year
Days On the Market up to 19 days from 15 days year-over-year
Trends in the Toronto Detached Homes market:
- Remember that headline above about the luxury market? Well, just because homes are selling doesn’t mean they’re selling for list price. When we back out the luxury market (homes over $4 million) and examine pricing for detached homes under $4 million, pricing is up by 3.8%.
- With the quantity sold number being up nearly 10%, I wanted to take a closer look and bang – the luxury market does it again. This is why it is important to look into the whys behind the headlines. The luxury market has an impact on the detached homes numbers nearly every month.
- Don’t expect too much to happen within this segment over the summer. Many people are on holiday, enjoying the cottage and simply taking some time off. It’s quiet in this segment during July and August, and the trending numbers as of today support this fact.
My Advice for Buyers
Condo Buyers: Buyers are still firmly in the driver’s seat and are getting amazing condos for much less than expected. Don’t get caught up in the what-ifs. I’m seeing many buyers play the wait-and-see game, thinking something better will be listed next week, and then miss out on a condo they love.
It’s happening often and can cause huge disappointment. If you see something you love, make an offer – you’d be surprised how much sellers are willing to negotiate in today’s market.
Freehold Buyers: The current market is our new reality. Interest rates likely won’t drop, pricing is somewhat stable, and inventory is high. The perfect home doesn’t exist, so focus on finding the right home that you and your family will love. Things aren’t going to be changing within the next few months, so look at your situation and make a move.
Stop putting off things because of what your pals are saying or because of what the news puts out. The market is now, and trust me, there is plenty of opportunity out there.
My Advice for Sellers
Condo Sellers: Now is not the time to test the market with lofty pricing. You’re going to waste so much time sitting, just to end up making a price reduction to where you should have been. Be realistic with your pricing and don’t be short-sighted.
Remember you’re likely going to be making a purchase, so think about how much you’ll be saving on the buy. That’s where the real money is made.
Freehold Sellers: Many of the homes that I’m seeing sit on the market for months and months are the ones that need work. So if any improvements can be made, I’d recommend taking some time to do them. Make your home shine because there is plenty of competition out there, and sellers are motivated to stand out and outshine the competition.
Also, be strategic about pricing – look at the comps and be realistic. In the era of open information, every buyer working with a good agent is going to be educated about what has sold and what the numbers look like.
Working with TRB
Now, besides crunching all of these numbers for my clients, you may or may not know (but hopefully you do) that I help many clients buy and sell real estate daily. I am the Founder and Lead Broker of Toronto Realty Boutique, and I specialize in listing homes and condos, representing buyers of all budgets. I also do a lot of work in the Toronto pre-construction market.
You can check out some of my featured listings that are currently active here:
Toronto Realty Boutique Listings – Homes & Condos for Sale
If you’re thinking about buying, selling, or investing and want to discuss strategies, pricing, timing, or anything else, simply complete my form on this page so I can get in touch right away. I’d be happy to answer any questions about the April 2025 Toronto real estate numbers you have or about the Toronto market in general.
~Romey Halabi
Founder & Lead Broker, Toronto Realty Boutique
416-999-1240
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