GTA Real Estate Market June 2025: Prices Drop, Listings Surge, What It Means for Buyers
- Seventy Seven Park
- 5 days ago
- 4 min read
As the dust settles on the first half of 2025, Greater Toronto’s housing market is revealing its true character: steady, selective, and full of opportunities for those who know where to look.
What's Driving the GTA Real Estate Market in June 2025?
We’ve broken down the numbers, the headlines, and the context that matters to help you make sense of this moment. Whether you’re buying, refinancing, or simply watching from the sidelines, here’s your June 2025 Market Report:
GTA Housing Snapshot: Cooling with Purpose
Sales across the GTA dipped slightly, down 2.4% year-over-year to 6,243 transactions. But don’t mistake that for a market collapse. This is a recalibration.
Average Price: $1,101,691 (down 5.4% from June 2024)
New Listings: Up 7.7%, giving buyers more choice
Active Listings: Up 30.8% year-over-year
Time on Market:
LDOM: 26 days (up 30%)
PDOM: 42 days (up 40%)
What it means: Buyers are taking their time, sellers are adjusting expectations, and negotiability is back on the table.
Detached Still Dominates, But Not Without Bruises
Home Type | Avg. Price | Year-over-Year Price | Year-over-Year Sales |
Detached | $1.39M | Down 6% | 416 area sales up 5.9% |
Semi-Detached | $1.09M | Down 1% | 416 area sales up 18.6% |
Townhomes | $871K | Down 6.3% | Slight dip in sales |
Condos | $696K | Down 4.5% | Sales volume down |
Detached homes still lead the way, though price adjustments are setting the tone. The semi-detached category stood out in Toronto with an almost 19% sales jump, suggesting targeted demand in specific neighbourhoods.
Mortgage Landscape: Slightly Softer, Still Sticky
The cost of borrowing remains steady but high. For many, this is a planning period, not a panic point.
BoC Overnight Rate: 2.8%
Prime Rate: 5.0%
Mortgage Rate Averages (June 2025)
1-Year Fixed: 6.09%
3-Year Fixed: 6.05%
5-Year Fixed: 6.09%
Inflation is holding at 1.7% and GDP growth sits at 2.2%, but the unemployment rate is now 8.8%. This delicate balance may influence rate direction later this year. Until then, stability is the name of the game.
Is This the Bottom? Maybe. Maybe Not.
Housing forecasts are notoriously unreliable. In a recent article, mortgage columnist Robert McLister unpacked just how far off the experts can be.
CMHC forecasts had an average error of 7%
Royal LePage missed by 7.8% on average
That kind of swing could mean a $50,000 variance on an average home.
For most buyers, the smarter move is to focus on financial stability, not flawless timing.
Markets move in cycles. So do opportunities.
Rental Market: A Pause, Not a Pivot
Canadian rents fell for the ninth straight month in June, but the decline is slowing.
National average asking rent is now $2,125, down just 0.2% month-over-month.
Compared to June 2024, rents are down 2.7%, but they are still 23% higher than five years ago.
What it means:
Investors may see this as a re-entry point
Tenants remain under pressure
Long-term affordability remains a concern
Recently Funded Deals
At Seventy Seven Park, we specialize in structuring financing that aligns with each client’s long-term goals. Below are a few of our recently funded files across Ontario, showcasing how strategic planning and the right lender relationships make all the difference.
Owner-Occupied Refinance in Aurora, Ontario
Lender: CMLS
Mortgage Amount: $650,000
Rate: 4.3% Variable (Prime - 0.65)
LTV: 38%
Turnaround: Funded within 30 days
Notes: A strategic switch at renewal secured improved terms ahead of anticipated rate movement.
Dominic Mascoll, Mortgage Agent Level 2
📞 416.525.2918
Licence #M08006540
Refinance and HELOC Structure in Mississauga, Ontario
Lender: Equitable Bank
Mortgage Amount: $500,000 mortgage + $300,000 HELOC
Rate: 5.49% Fixed + Prime + 1.5% (HELOC)
LTV: 75%
Turnaround: Funded within 30 days
Notes: Combined product strategy allowed the client to unlock equity for a new purchase while keeping repayment flexible.
Eduardo Pontes, Mortgage Broker Level 2
📞 416.455.3800
Licence #M09002730
Debt Consolidation Refinance in Brant County, Ontario
Lender: Scotiabank
Mortgage Amount: $800,000
Rate: 4.59%
LTV: 80%
Turnaround: Funded within 35 days
Notes: Client was referred through a trusted partner and needed a plan to simplify and reduce monthly obligations. We consolidated multiple debts into a single mortgage solution.
Dominic Mascoll, Mortgage Agent Level 2
📞 416.525.2918
Licence #M08006540
Alt-A Purchase Financing in Mississauga, Ontario
Lender: MCAN
Mortgage Amount: $480,000
Rate: 5.39% (Prime)
LTV: 80%
Turnaround: Funded within 45 days
Notes: The client was declined by a traditional lender. We worked with a real estate partner to place the file with an Alt-A lender, ensuring a smooth closing.
Dominic Mascoll, Mortgage Agent Level 2
📞 416.525.2918
Licence #M08006540
Private Refinance in Toronto, Ontario
Lender: Falcon Ridge
Mortgage Amount: $1,400,000
Rate: 7.89% Open Term
LTV: 75%
Turnaround: Funded within 30 days
Notes: A refinance was used to clear out a mix of construction and private debt. No income documentation was required. The client retained open-term flexibility.
Eduardo Pontes, Mortgage Broker Level 2
📞 416.455.3800
Licence #M09002730
Key Takeaways
Affordability is improving as both prices and rates come down from 2024
Buyers are negotiating, thanks to more inventory and longer days on market
Caution remains, with economic uncertainty slowing decision-making
This is a strategic moment for planning purchases, refinancing, or scaling up
Let’s build a plan that works for you.
Whether you're buying, selling, refinancing, or exploring your options, our team is ready to guide you with strategy and precision. Reach out for a personalized consultation and take the next step with confidence.
GTA Real Estate Market in June 2025:
Seventy Seven Park Mortgages
(416) 350-8448
Brokerage Licence #13004
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