GTA Market Report from Larry Li Homes June 2025

GTA Market Overview

• 💡 The Greater Toronto Area (GTA) in June 2025 saw over 76,000 active listings and 6,243 sales.
• 📉 The market is characterized by increased active listings, fewer sales, and high inventory, alongside lower average prices and interest rates compared to last year.
• ✅ June brought a welcome shift with increased affordability and opportunities for prospective buyers, as borrowing costs remained below last year's levels.

June 2025 Performance Metrics

• 📊 The average selling price for all home types in June was $1,101,691, a 5.4% decrease compared to June 2024.
• 🏠 Total home sales in June were 6,243, a 2.4% decrease year-over-year but an increase month-over-month from May.
• 📈 New listings in June declined from May, suggesting a gradual tightening in available inventory.

Condo Market Analysis

• 🏢 Condo sales remained steady year-over-year in June, though prices declined by 4.3%.
• ⏳ Active condo listings rose by 19% compared to June 2024, with inventory levels holding at approximately seven months.
• 💰 The steady influx of new condo units will likely continue to put downward pressure on prices in the near term, attracting investors looking for good deals.

Regional Market Snapshots

• 📍 Downtown Toronto recorded 2,319 sales with a five-month inventory.
• 🏡 Mississauga saw an average price of just over $1 million with 5.5 months of inventory, while Brampton's average price dropped below $1,095,400.
• 🌳 Oakville's average price decreased by 2.3% from last year, but experienced 50% higher sales and a 48% increase in active listings.
• 🗺️ York Region had an average price of $1.24 million, a 10% decrease from last year, and Durham Region had the lowest average price below $900,000 with 3.5 months of inventory.

Future Market Outlook

• 🔮 Resolving cross-border trade tensions could strengthen the broader economy and restore consumer confidence.
• ✂️ Two more interest rate cuts could ease the burden of mortgage payments for average GTA households, supporting selling prices.
• 🤝 The speaker encourages potential buyers to consider their short-term, midterm, and long-term plans for homeownership.