GTA home sales down year-over-year in June, listings up: real estate board

Sammy Hudes · The Canadian Press

· Posted: Jul 04, 2025 11:48 AM EDT | Last Updated: 9 minutes ago

Greater Toronto Area-home income ticked 2.4 percent little successful June compared with a twelvemonth earlier arsenic 6,243 properties changed hands, portion caller listings rose.

The Toronto Regional Real Estate Board (TRREB) said income were up 8.1 per cent from May connected a seasonally adjusted month-over period basis, arsenic the lodging marketplace "continued to amusement signs of recovery."

The committee said 19,839 caller properties were listed successful the GTA past month, up 7.7 per cent compared with past year.

"With much listings available, buyers are taking vantage of accrued prime and negotiating discounts disconnected asking prices," TRREB president Elechia Barry-Sproule said successful a quality release. "Combined with little borrowing costs compared to a twelvemonth ago, location ownership is becoming a much attainable extremity for galore households successful 2025."

The mean selling terms fell 5.4 per cent compared with a twelvemonth earlier to $1,101,691, and the composite benchmark price, meant to correspond the emblematic home, was down 5.5 per cent year-over-year.

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Active listings deed 31,603 past month, up 30.8 per cent from June 2024's inventory of 24,169 homes. Like different regions, the GTA experienced a sluggish archetypal fractional of the twelvemonth for existent property enactment arsenic galore would-be buyers were spooked by economical uncertainty associated with Canada's commercialized warfare with the U.S.

In May, location income were down astir 13 per cent year-over-year aft a 23 per cent yearly diminution successful April.

"A steadfast commercialized woody with the United States accompanied by an extremity to cross-border sabre rattling would spell a agelong mode to
alleviating a weakened system and improving user confidence," TRREB main accusation serviceman Jason Mercer said.

"On apical of this, 2 further involvement complaint cuts would marque monthly owe payments much comfy for mean GTA households. This could fortify the momentum experienced implicit the past fewer months and supply immoderate enactment for selling prices."

The Bank of Canada has held its cardinal argumentation complaint dependable for 2 consecutive decisions astatine 2.75 per cent aft 7 consecutive cuts.

In the City of Toronto, determination were 2,319 income past month, a 3.5 per cent summation from June 2024. Throughout the remainder of the GTA, location income fell 5.6 per cent to 3,924.

All spot types saw less wide income successful June compared with a twelvemonth agone passim the region. The largest diminution was successful the townhouse segment, wherever 4 per cent less properties sold, followed by detached houses with a 2.9 per cent decrease.

There were 2.5 per cent less condos sold and a 0.7 per cent driblet of semi-detached homes that changed hands.