Toronto’s housing market continued to trend in a positive direction this June, with affordability steadily improving. Average home prices and borrowing costs remained lower than this time last year, giving more buyers a foothold in the market—even as some continue to wait for added economic clarity.
Sales activity gained month-over-month traction, and with more listings available, buyers are enjoying greater choice and the ability to negotiate. In fact, many are taking advantage of today’s softer pricing - down 3% year-over-year to an average of $1,132,709 - to secure properties that may have been out of reach in previous years.


Beyond the numbers, households continue to watch the evolving economic and trade environment.  Positive developments such as improved trade relations or additional rate cuts could go a long way in boosting consumer confidence and re-energizing the market as we head into the second half of the year.


All told, this is shaping up to be a market of opportunity for those ready to act. If you’re thinking about buying or selling, let’s talk strategy and position you for success.



Looking to buy or sell a home in Toronto?  Average prices in June were as follows:


➕Detached $1,641,868 [-7% vs. 2024]
➕Semi-detached $1,278,434 [+2% vs. 2024]
➕Townhouse $957,605 [-5% vs. 2024]
➕Condo $731,232 [-4% vs. 2024]


Data presented is for City of Toronto Only.   Source: TRREB.

The Numbers for May are in! ➕ Toronto’s housing market continued to see improved affordability in May, offering more opportunities for buyers. While overall sales activity remained slower than last year, month-over-month gains and a growing number of listings gave buyers more choice and leverage.

Year-over-year, sales in Toronto were down 14%, while new listings rose by 7%. The average selling price declined 3% to $1,155,616. Still, overall sales price edged up slightly from April on a seasonally adjusted basis—hinting at a modest tightening in market conditions.

Affordability has improved from a year ago, thanks to both lower prices and reduced borrowing costs. However, many buyers remain on the sidelines due to economic uncertainty—especially around trade relations with the U.S. Confidence is expected to return as clarity emerges on that front, and if borrowing costs ease further.

​For now, buyers who are ready to act are finding more negotiating power and inventory than they did last spring. Whether you're planning to enter the market or just watching for the right moment, preparation and expert guidance remain key. Let’s talk strategy if you’re thinking of making a move.

​Looking to buy or sell a home in Toronto?  Average prices in May were as follows:


➕Detached $1,719,937 [-6% vs. 2024]
➕Semi-detached $1,299,387 [+1% vs. 2024]
➕Townhouse $1,009,698 [-3% vs. 2024]
➕Condo $709,905 [-7% vs. 2024]

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Data presented is for City of Toronto Only.   Source: TRREB.

➕ Toronto’s spring market picked up slightly in April, but many buyers are still holding off. With interest rates still high and broader economic uncertainty lingering, year-over-year sales and prices continued to soften across most home types.


Economic conditions and trade relations—particularly with the U.S. following the recent federal election—are top of mind for households. If trade relations improve, increased consumer confidence could bring more buyers back into the market.


Detached and semi-detached home prices in Toronto were more affordable this April, with year-over-year declines of 6.8% and 7.2%, respectively. The condo market saw the most significant adjustment, with sales down 29.9% and the average condo price softening 7.3% to $710,724—creating new entry points for budget-conscious buyers.


These price adjustments, combined with growing inventory, are opening up opportunities for buyers who may have previously been priced out. While some are still waiting for further rate relief and economic stability, others are beginning to take advantage of improved affordability and greater selection.


For now, this remains a market where preparation, pricing, and expert guidance matter more than ever. If you’re thinking of making a move, let’s talk strategy.




Looking to buy or sell a home in Toronto?  Average prices in April were as follows:


➕Detached $1,700,710 [-7% vs. 2024]
➕Semi-detached $1,266,322[+7% vs. 2024]
➕Townhouse $1,018,449 [+1% vs. 2024]
➕Condo $710,724 [-7% vs. 2024]


••••••

Data presented is for City of Toronto Only.   Source: TRREB.
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➕Homeownership in the GTA became more affordable this March compared to last year, thanks to a combination of lower borrowing costs and softer home prices. Monthly mortgage payments are now more manageable, especially for households looking to enter the market.


Increased listings are giving buyers more choice and greater negotiating power, helping to keep prices in check while improving overall affordability. This is welcome news as we head into the spring market, where further rate cuts are expected to support demand.


However, with ongoing trade uncertainty and an upcoming federal election, many potential buyers are holding off on making a move. Confidence in the economy and job security remains a key factor in driving home buying activity.


Looking ahead, if economic conditions stabilize and public policy becomes more supportive, we may see a boost in sales activity. In the meantime, current market conditions present a good opportunity for well-prepared buyers.
​Looking to buy or sell a home in Toronto?  Average prices in March were as follows:


➕Detached $1,723,489 [+1% vs. 2024]
➕Semi-detached $1,337,498 [+3% vs. 2024]
➕Townhouse $975,801 [-2% vs. 2024]
➕Condo $716,460 [-2% vs. 2024]

​••••••

Data presented is for City of Toronto Only.   Source: TRREB.

➕The Numbers for February are in!  While home sales slowed last month, demand remains strong as many Toronto households are eager to purchase a home. The challenge? Affordability. Higher mortgage rates continue to impact buyers’ ability to comfortably enter the market, but relief could be on the horizon. With borrowing costs expected to decline in the coming months, many buyers may soon be ready to make their move.


In February 2025, Toronto home sales were down 22% year-over-year, while new listings increased by 7%. This has given buyers more negotiating power, keeping price growth moderated. The average selling price inched up 1% to $1,087,077 compared to last year.


Beyond affordability, economic uncertainty—particularly around trade relations with the U.S.—has led some buyers to take a “wait and see” approach. However, as confidence improves and interest rates ease, stronger sales activity is expected in the latter half of the year.


If you’re thinking about buying, now could be the time to prepare before demand picks up again. If you’re a seller, strategic pricing and presentation will be key in this competitive market. Have questions? Let’s connect!


Looking to buy or sell a home in Toronto?  Average prices in February were as follows:


➕Detached $1,782,2626 [+8% vs. 2024]
➕Semi-detached $1,275,214 [-3% vs. 2024]
➕Townhouse $1,028,339 [+6% vs. 2024]
➕Condo $724,632 [0% vs. 2024]


••••••

Data presented is for City of Toronto Only.   Source: TRREB.