July 2025 Toronto & Etobicoke Real Estate Market Update: What Buyers & Sellers Need to Know This Summer
Heat Wave Outside… But What About the Real Estate Market?
A few weeks into summer, and we’re already in the middle of a serious heat wave. I hope you’re staying cool out there!
But when it comes to real estate, people keep asking me the same question: “Is the market heating up, or cooling down?”
As we settle into the heart of summer, the latest June stats offer some much-needed clarity for both buyers and sellers. With shifting market dynamics and evolving buyer behaviour, understanding where we are now can help you make confident, strategic decisions for the months ahead.
What the June 2025 Numbers Say
Ownership housing affordability continued to improve in June.
Selling prices and borrowing costs remain lower than this time last year.
Listings have hit their highest levels in over a decade, giving buyers more choice and leverage.
But — many would-be buyers are still hesitant, held back by economic uncertainty.
“The GTA housing market continued to show signs of recovery in June. 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.”
— Elechia Barry-Sproule, TRREB President
By the Numbers:
Sales: 6,243 homes sold in June (2.4% less than June 2024)
New Listings: 19,839 homes (7.7% more year-over-year)
Despite the stable conditions, many are still on the sidelines waiting for stronger economic signals and further rate cuts. As TRREB’s Chief Market Analyst Jason Mercer put it:
“Home ownership costs are more affordable this year… The issue is a lack of economic confidence. Once households feel reassured—whether through trade stability or lower borrowing costs—sales activity will pick up.”
Why This Market Is Good for Buyers
More Choice: Inventory is the highest it’s been in over a decade. Less competition = more time and more negotiating power.
Favourable Conditions: Prices are stable, and sellers are often more open to offers. This is a great time to find value before rates drop again.
No Rush: Unlike past frenzies, today’s market gives buyers space to think, inspect, and make informed decisions.
Believe It or Not, It’s Also Good for Sellers
Motivated Buyers: The ones shopping today are pre-approved and ready — not just browsing.
Prices Holding Steady: Especially in desirable neighbourhoods, well-presented homes are still commanding strong offers.
Opportunity to Upsize/Downsize: If you’re buying as well, you can use today’s negotiable conditions to your advantage on your next home.
Thinking of Buying or Selling? Let’s Talk.
Whether you’re planning to make a move soon or just want to understand your options, now is a great time to talk strategy. Market conditions are shifting, and the second half of the year could bring more changes — the right timing and approach can make a big difference.
Reach out any time for a personalized plan — whether you’re buying, selling, or just exploring your next step.
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