The market’s not crashing, but it’s definitely not booming either. Toronto real estate stayed sluggish through June 2025, showing some life compared to the spring, but still far off from any real recovery momentum.
Freehold Sales Show Signs of Life
June flipped the script after months of slow movement: listings dropped, and freehold sales—especially detached and semi-detached homes—edged higher. It’s quiet, but savvy investors watching multiplex opportunities should take notice.
Prices Are Still Under Pressure, But The Worst May Be Easing
Home prices continue their downward trend, with detached homes seeing the biggest drops. Semi-detached homes held steady, and condos showed a slight uptick, though still below last year’s numbers. The pace of decline might be slowing.
| Home Type | Jun 2024 | May 2025 | Jun 2025 | YoY Change | MoM Change |
|---|---|---|---|---|---|
| 416 Detached | $1,758,649 | $1,719,937 | $1,641,868 | -7% | -5% |
| 416 Semi-Detached | $1,282,973 | $1,299,387 | $1,278,434 | -0% | -2% |
| 416 Condo | $763,148 | $709,905 | $731,232 | -4% | +3% |
| 905 Detached | $1,388,144 | $1,321,458 | $1,302,556 | -6% | -1% |
Supply Is Finally Cooling Off
After months of flooding the market, new listings eased in June. This pullback in supply is key—it shifts power back toward sellers and can tighten the market, setting the stage for stronger price support ahead.
| Category | Jun 2024 | May 2025 | Jun 2025 | YoY | MoM |
|---|---|---|---|---|---|
| Average Price | $1,162,167 | $1,120,879 | $1,101,691 | -5% | -2% |
| Sales | 6,213 | 6,244 | 6,243 | +0% | -0% |
| New Listings | 17,964 | 21,819 | 19,839 | +10% | -9% |
Low Rates Alone Won’t Spark Confidence
Despite recent interest rate cuts, uncertainty—especially around ongoing U.S. trade tensions—is keeping buyers hesitant. Lower borrowing costs help, but they’re not enough to get the market firing on all cylinders just yet.
Key Takeaways for Investors
✅ Opportunities still exist — but they’re not obvious. You’re not buying momentum right now. You’re buying value. Properties that can be improved or reconfigured are where you find your edge.
✅ Execution matters more than ever. Buy wrong and you’ll bleed. Buy smart, manage costs, and position your units right — that’s how you win in this kind of market.
✅ Watch how inventory shifts. If listings stay high and sales stay flat, prices will likely keep slipping. That creates opportunities for those ready to move when the numbers make sense.
What to Watch Next
Inventory trends: Are listings starting to tighten, or are sellers still flooding the market?
Renovation costs: If you’re planning upgrades or conversions, make sure your budgets reflect today’s materials and labour prices.
Local policy changes: Stay locked in on development charge updates, zoning tweaks, and city-by-city changes that impact project timelines and ROI.
How We Can Help
This isn’t a market where you can coast. But it’s also not one you should fear — if you’ve got a sharp strategy, you can still come out ahead.
We help investors find deals with strong cash flow, value-add potential, and lasting upside. Focus on where the numbers work today, and build in enough margin to ride out the uncertainty.
Want to see what’s possible for you? Book a strategy session with us here.
