SALES COMMENTARY The mood and emotions that best describes buyers and sellers within the Toronto Real Estate market in February is…“Impatience.” In February, Toronto home sales saw a yearly increase of 17.9% and a monthly surge of 32%. Additionally, new listings rose by 37% compared to last month and by 33.5% compared to the same period last year. After over a year of uncertainty resulting from rate increases, buyers who had remained on the sidelines have now recalibrated and adjusted their expectations for the type of property they can afford to purchase. This is a clear indication that many buyers are beginning their search, as there is only so long we can keep the real estate market on pause.
June 2025 Toronto Real Estate Market Update

June 2025 Toronto Real Estate Market Update

As we step into summer, the Toronto real estate market continues to show a tale of two cities: motivated buyers with more options and sellers learning to adapt. If you’re watching the GTA housing market, here’s what to know this month.

Toronto Home Sales and Listings — May 2025

In May 2025, Greater Toronto Area REALTORS® reported 6,244 home sales, marking a 13.3% decrease compared to May 2024. Meanwhile, new Toronto home listings rose 14% year-over-year, hitting 21,819.

On a seasonally adjusted basis, sales were up compared to April, but many sellers are still clinging to last year’s price expectations — stalling deal flow despite growing buyer interest.

Freehold Housing Market in Toronto

Freehold homes remain the backbone of the Toronto housing market. Demand in top neighbourhoods continues, with some listings still attracting multiple offers.

However, today’s buyers are informed, patient, and price-conscious — adopting a “deal or no buy” mindset. If a Toronto house for sale isn’t priced right, buyers will wait.

Toronto Condo Market — A Buyer’s Market

The Toronto condo market has tipped firmly in favour of buyers:

  • The sales-to-new listings ratio for GTA condos dropped to 25%, the lowest on record — a clear sign of a buyer’s market in Toronto condos.

  • Active condo listings surged 42% year-over-year to 9,702 units — and are up 152% compared to two years ago.

  • Average condo prices in Toronto fell 6.8% year-over-year and sit 14% below the market peak three years ago.

  • Months of inventory rose to nearly seven — triple the 10-year average — creating more negotiating power for condo buyers.

Toronto Condo Rental Market

The Toronto rental market is picking up momentum:

  • Lease transactions increased 24% year-over-year.

  • The lease-to-new listings ratio climbed to 85%, its highest since July 2024.

  • Active rental listings rose 17% annually, but not as rapidly as earlier this spring.

  • Average Toronto condo rents dropped 5.3% year-over-year — now at a three-year low.

For renters, this means more options and tenant-friendly pricing — for now.

Key Takeaways for the Toronto Housing Market

Toronto home sellers: Be realistic and price your property in line with current market trends to avoid long days on market.

✅ Toronto home buyers: Take advantage of ample condo inventory and more favourable buying conditions.

✅ Toronto landlords and renters: Expect lease activity to continue rising while rental prices find balance.

What This Means for You

For Buyers:
This is your window to shop smart and negotiate confidently — especially in the Toronto condo market, which is firmly in buyer’s territory. With record-high inventory and motivated sellers, you have choices and leverage. Be patient, do your homework, and don’t be afraid to make firm but fair offers. For freehold homes, be prepared: the best-priced properties in desirable neighbourhoods can still attract competition.

For Sellers:
Realism is your best ally. Overpricing is the biggest risk right now — today’s buyers are informed and willing to wait for the right deal. If you want to sell, price strategically, stage well, and lean on your agent’s expertise to attract qualified buyers quickly. In some freehold pockets, you can still secure a strong sale if you list smartly and market aggressively.

For Investors:
The numbers speak for themselves: the Toronto condo market offers the best buying conditions in years. Prices are down, supply is up, and rents are stabilizing after a slight dip. This is an opportune moment for long-term investors to pick up undervalued units in high-demand areas — positioning for future price recovery. Just be mindful of carrying costs and rental competition in the short term.

Whether you’re buying, selling, or investing, success in today’s Toronto real estate market hinges on clear information and realistic expectations. The landscape is shifting — make sure you shift with it.

At your convenience here is the Market Report June 2025

DASH Property Management

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