Housing Market Insights: What Buyers Need to Know Right Now
June 2025 marked a modest recovery in the Greater Toronto Area (GTA) housing market, with a slight increase in both home sales and new listings compared to May. Although activity remains below 2024 levels, this upward shift may signal a growing buyer interest, especially with many Canadians anticipating future cuts to mortgage rates.
Table of Contents
- GTA Home Sales Rise Month-over-Month, Remain Lower Year-over-Year
- Does Increased Listings Mean Greater Opportunities for Buyers?
- GTA Home Prices See Modest Decline
- Average Prices by Property Type (June 2025):
- Interest Rate Sentiment: Elevated but Expected to Drop
- Regional Breakdown: Toronto vs. 905 Markets
- What Does This Mean for Borrowers?
- Whether you’re:
- Ready to Make a Smarter Move?
But what does this mean for you, whether you’re looking to buy, sell, or explore your home mortgage refinance loan options?
GTA Home Sales Rise Month-over-Month, Remain Lower Year-over-Year
According to the Toronto Regional Real Estate Board (TRREB), 6,213 homes were sold across the GTA in June 2025, marking an 8.8% increase from May. However, sales remain 16.4% lower year-over-year compared to June 2024.
This slight uptick signals a cautious return of confidence to the market, even as affordability challenges and elevated mortgage loan costs persist.
Does Increased Listings Mean Greater Opportunities for Buyers?
New listings grew by 7.7% year-over-year, reaching 19,839 units. For prospective buyers and those seeking better home loan mortgage rates, this translates into more inventory, more negotiating power, and greater flexibility. For clients exploring refinance home loan opportunities, this environment provides a window to reassess options and maximize borrowing potential.
GTA Home Prices See Modest Decline
The average home price in June 2025 was $1,162,167, reflecting a 5.4% decline year-over-year and a 1.7% decrease from May. Lower home prices open the door for first-time buyers and provide existing homeowners with improved opportunities for home refinance.
Average Prices by Property Type (June 2025):
| Home Type | Avg. Price | YoY Change |
| Detached | $1,390,000 | -6% |
| Semi-Detached | $1,030,000 | -4% |
| Townhouse | $940,000 | -3.5% |
| Condo | $696,000 | -4.2% |
Interest Rate Sentiment: Elevated but Expected to Drop
The Bank of Canada has maintained its current policy rate, but experts forecast potential cuts in Q3 and Q4 as inflation cools. While current mortgage rates remain high, now is a strategic time to explore refinance mortgage rates and alternative financing solutions, including fixed rate mortgage and reverse mortgage options.
Regional Breakdown: Toronto vs. 905 Markets
| Region | Sales YoY | New Listings YoY |
| City of Toronto | +3.4% | +2.7% |
| GTA Suburbs (905) | -5.5% | +10.7% |
While Toronto (416) shows slight resilience, the 905 suburbs present more buyer leverage with declining prices and softer competition.
What Does This Mean for Borrowers?
Whether you’re:
- A first-time buyer looking to leverage lower mortgage loan rates
- A homeowner exploring mortgage loan refinance options to unlock better terms
- An investor seeking reliable investment property loans or investment mortgage loan opportunities.
Ready to Make a Smarter Move?
Book your free consultation with Cannect today.
Our experts will help you evaluate your home mortgage refinance, refinance house loan, or new investment property mortgage opportunities, making sense of your options in today’s evolving market.
Visit Cannect to learn how we can help you turn today’s market conditions into your financial advantage through smarter mortgage and refinance solutions.
