June Toronto Real Estate Market

🔥☀️ Sun’s Out, Slowdown’s In — But Deals Might Be Too ⚾

Well, here we are — July in Toronto. The heat is sweltering, the Blue Jays are actually winning a few, and yet the real estate market? Still kinda...the same as last month - take that as you will.

Much like the Jays’ recent streak, the market is showing signs of life — but we’re not exactly calling it a comeback. And just like this weekends heatwave, it’s more uncomfortable than exciting. Open houses are quieter, showings are spaced out, and buyers and sellers alike seem to be waiting — for a sign, a shift, or maybe just a breeze.

Truth is, not much has changed since June. We’re in the dog days of summer now, and if you’re expecting fireworks, you might be a couple months too early (or a few policy announcements too short). July and August are traditionally slow in real estate — and unless there’s a major shake-up, we’ll likely keep cruising at this cautious, careful pace.

But here’s the kicker: slow markets can be sneaky-good for buyers. Fewer eyes on listings means less competition. And motivated sellers? They don’t want to sit on the market until after Labour Day.
So if you’re ready, watching closely, and willing to negotiate — while everyone else is sweating it out and sitting on the sidelines, this could be your chance to make a cool move (Sorry. Couldn’t resist the dad joke.).

🏡 What’s Happening Right Now?

Buyers are cautious, but curious. They’re coming to showings, asking smart questions, running numbers. Some are ready to pull the trigger — but only if the price feels right. Most are still trying to score a deal. And hey, who doesn’t love a good bargain?

But here’s the thing: This is Toronto. Not a sleepy suburb where homes sit untouched for months. Sure, there’s room to negotiate. Yes, you might get something below asking. But if you’re walking in expecting $200K off a well-priced home downtown, you’re likely going to be disappointed.

Unless a seller’s desperate (which is rare), they’ll wait. Because even in a hesitant market, Toronto real estate still holds value. This city isn’t going anywhere — in fact, it’s only getting bigger, busier, and more desirable worldwide.

Sellers, listen up. This isn’t a list-it-and-leave-it market. Buyers are picky, cautious, and tired of seeing homes that don’t live up to the photos.

That means:
– You need to price it right.
– You need to present it properly.
– And your agent? They need to actually do their job.

I’ve been through homes this month where the listing agent didn’t know what was rented, what had been renovated, or even what year the roof was done. That’s not just bad service — it’s a red flag that can cost the seller tens of thousands.

In this market, details matter. And the agent representing you? They’d better know those details. Because buyers will ask. And if your agent is just nodding along, smiling, and hoping no one notices… well, let’s just say you deserve better.

🔍 So What’s the Move?

If you’re buying:
Look for value — but don’t lowball yourself out of the running. Know your numbers, work with a pro, and be ready when something great hits the market. The best homes still sell quickly, even now.

If you’re selling:
Don’t cut corners. Prep the home properly. Interview your agent. Ask how they plan to market it. What makes them different? Are they just here to get a sign in the lawn — or do they actually have a strategy?

In a slower summer market, effort is everything.

🎯 Why the Specifics Matter More Than Ever

Let’s keep it real: Real estate is one of the biggest financial decisions most people will ever make.

Whether you're buying or selling, the only responsible way to approach it — especially in this kind of market — is by diving into the specifics.

Not averages. Not guesswork. Not “my neighbour sold for X.”

I mean:
– What’s happening on your street?
– What are homes with your layout, finishes, and upgrades actually selling for?
– How many days are they sitting?
– Who are you competing with?

That’s how you make smart decisions. That’s how you protect your money. And that’s how you win in a market that doesn’t hand out easy wins.

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You've read my personal opinion, but now here are the cold, hard facts.

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Please note that these statistics cover only the City of Toronto. Not Richmond Hill, Not Mississauga, Not Vaughan, etc. If you would like to know what's happening in another area in GTA, please reach out and let me know. I'm happy to chat!  

‍Want to look on your own and see the numbers for yourself? Just ask and I'll send you the official statistics that every Real Estate agentgets sent from TREB and uses for their market updates. These are the exact numbers I use for my Toronto updates and if you want, I can prepare an update as detailed as this blog update for your city, neighbourhood and even street/buidling!

Don't be shy, reach out and just ask!

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‍So without further ado, let's take a look at the June Statistics with the charts and breakdown below ⤵️

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🔹 New Listings

The summer slowdown is starting to creep in. Listings are slightly down in most categories — a sign that some sellers are holding off for fall or adjusting expectations.

• Detached: 2049 → 2096 (+2.29%)
• Semi-Detached: 624 → 594 (-4.81%)
• Freehold Townhomes: 276 → 228 (-17.39%)
• Condo Townhomes: 507 → 507 (No change)
• Condo Apartments: 4013 → 3579 (-10.81%)

📌 Key Takeaway: New listings dropped in every category except detached homes — which is likely a mix of post-reno sellers and people hoping to cash out before back-to-school season. Expect things to slow even more as summer drags on.  Usually come september (the fall market), things start to pick up again.

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🔹 Active Listings

Inventory remains steady. Not a surge, but not a shortage either — which means buyers still have choices, but sellers aren’t drowning in competition.

• Detached: 3025 → 3033 (+0.26%)
• Semi-Detached: 618 → 641 (+3.72%)
• Freehold Townhomes: 283 → 287 (+1.41%)
• Condo Townhomes: 817 → 836 (+2.33%)
• Condo Apartments: 6855 → 6839 (-0.23%)

📌 Key Takeaway: It’s a balanced summer. More options mean buyers can be picky and negoatiate— and sellers need to impress and be flexible in price.

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🔹 Sales

Sales are up slightly across most categories — which shows that buyers are active, even if cautiously so. Freehold townhomes took a hit — possibly due to pricing or lack of the “right” listings.

• Detached: 781 → 794 (+1.28%)
• Semi-Detached: 277 → 280 (+1.08%)
• Freehold Townhomes: 112 → 90 (-19.64%)
• Condo Townhomes: 158 → 159 (+0.63%)
• Condo Apartments: 973 → 990 (+1.75%)

📌 Key Takeaway: The buyers are still around — but they’re careful and picky. Price it right, and they’ll come. Price it wrong, and you’ll be waiting until the pumpkin spice lattes hit, maybe even peppermint candy cane if you're really overpriced.

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🔹 Average Price

A mixed bag. Detached, semis, and townhomes all dipped — but condos held steady or even climbed slightly. Affordability still rules the day.

• Detached: $1,719,937 → $1,641,868 (-4.54%)
• Semi-Detached: $1,299,387 → $1,278,434 (-1.61%)
• Freehold Townhomes: $1,376,169 → $1,173,720 (-14.71%)
• Condo Townhomes: $804,887 → $827,936 (+2.86%)
• Condo Apartments: $709,905 → $731,232 (+3.44%)

📌 Key Takeaway: Condos are having a moment. As freehold prices wobble, more buyers are leaning toward low-maintenance living with predictable costs — and it’s showing in the numbers.

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🔹 Days on Market

Consistency is the name of the game. Things aren’t flying — but they’re moving, especially if the price is right.

• Detached: 22 days (no change)
• Semi-Detached: 17 days (no change)
• Freehold Townhomes: 23 → 18 days (-21.74%)
• Condo Townhomes: 30 → 31 days (+3.33%)
• Condo Apartments: 32 days (unchanged for FOURTH straight month)

📌 Key Takeaway: Condos continue to hold steady. Townhomes got a bit snappier. If your place is lingering on the market right now, it’s probably overpriced or underwhelming.

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Ok! That's it for now. Thanks for reading and have a great day! 👋 - Tyson CR

‍‍Want to know what the current value of your home is or what's going on in your neighbourhood?

Please feel free to reach out! I'm happy to prepare a completely free, no obligation custom market report just for you

If you or anyone is thinking of a move don’t be shy and reach out.  

After all, everyone’s individual situation requires an individual and unique strategy and plan.

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