As summer heats up, the GTA real estate market continues to cool — not in temperature, but in terms of sales activity and average prices. We hope you're enjoying the sunny season and finding time to explore the many beautiful corners of our country, even as headlines shift toward economic uncertainty and general economic slowdown. Here is where the Greater Toronto Real Estate market is at the end of June.
Market Slowdown Driven by Economic Uncertainty
Persistent economic concerns, especially surrounding U.S. tariffs and job losses in vulnerable sectors, have put a damper on buyer confidence. While demand has softened, available listings have grown sharply — giving buyers more options than we’ve seen in years.
- Active Listings (June 2025):
31,603 homes for sale — up 639 from May
34% more listings than June 2024 (23,613 listings) - Average Selling Price (June 2025):
$1,117,552 (down slightly from May)
Down 5.4% year-over-year
This growing inventory has shifted the market in favour of buyers, creating a window of opportunity.
Interest Rates Fall: Buyers Gain Power
Despite slower sales, the financial picture in terms of mortgage interest rates for homebuyers has improved:
- 5-Year Fixed Rate Mortgage:
Down from 4.89% in June 2024 to 4.24% today - Variable Rate Mortgage:
Down from 6.00% to 4.30%
Lower rates may be available so connect with a Mortgage Broker before you begin your home search. If you need help with finding the right Mortgage Broker, then contact us and we can put you in touch with one of our many trusted Mortgage Brokers. Lower mortgage rates this year combined with lower home prices, makes now, the most affordable homes have been in 3 years.
Inventory Snapshot by Home Type
Condos:
Toronto remains saturated with condo listings:
- Toronto: 6,800 of the GTA’s 10,500 active condo listings
- Peel & York Regions: ~1,260 each
- Average Condo Price (GTA): $696,424
- Down 4.3% Year over Year
- Up 1.9% from May
Detached Homes:
- Active Listings: 14,143 (45% of all homes)
- Average Detached Home Price (GTA):
Down 2.3% from May, down 6.3% from June 2024
Durham Region: GTA's Hidden Gem for Affordability
Durham Region remains the most affordable region in the GTA — a strong draw for first-time buyers, up-sizers, and investors alike.
- Average Selling Price (All Homes): $891,622
- Average Detached Home Price: $995,530
Compare that to:
- Toronto: $1,641,868
- York Region: $1,528,425
- Peel Region: $1,278,479
Durham's value proposition remains unmatched in today’s market. Durham also boast a large selection of semi-detached, townhouses and condo towns and apartments. There is something for everyone's budget.
Key Takeaways
Buyers: With prices and rates both down, now may be the best time in years to get into the market — especially in high-value regions like Durham.
Sellers: Strategic pricing and targeted marketing are critical in today’s high-inventory environment.
Investors: Condos remain a longer-hold strategy, but low entry prices and falling mortgage rates are opening the door to stronger ROI opportunities in 2026 and beyond.
Let’s Talk Strategy
Whether you're planning to buy, sell, or invest, we’re here to help you navigate today’s shifting market with expert advice and a results-driven approach.
Contact us today to schedule your personalized market update and game plan.