Toronto Real Estate Market – July 2025

Real Estate Market Report | Toronto | July 2025

Supply Floods Back While Prices Trend Downward

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So what's happening in the Toronto real estate market as of July 2025?

Toronto MLS New Listings graph for June 2025, showing new supply trends with a 10% increase, featuring data lines for 2021 to 2025 in different colors against a blue background.
Toronto MLS sales chart showing residential sales trends from January to December 2025, with a significant 15% decline in June, featuring colored lines representing different years (2021 in red, 2022 in green, 2023 in yellow, 2024 in purple, and 2025 in blue) against a blue background, branded with Bōde logo.
Toronto MLS inventory chart for June 2025 showing total residential supply trends, with a notable 53% increase, featuring colored lines representing data from 2021 to 2025.
Toronto MLS Month of Supply chart showing residential inventory trends from January to June 2025, with highlighted percentage change of 66% in June, illustrating supply and demand dynamics in the Toronto real estate market.
Toronto MLS Benchmark chart showing residential price trends, with benchmark price at $975,400 and index values fluctuating from November 2020 to June 2025, highlighting market conditions.

Toronto’s housing market continues its downward recalibration. Sales dropped 15% from the five-year June average, while new listings jumped 10%, pushing inventory up 53% and months of supply up 66%. The benchmark price declined 1.98% month-over-month and is now down 3.50% year-over-year, sitting at $975,400 (HPI 293). Market sentiment remains cautious, with buyers showing restraint amid rising listings and affordability strain. This is a market shifting decisively in favour of well-informed buyers—and motivated sellers may need to adjust.

Toronto's Detached Homes

Toronto detached new listings trend chart for June 2025, showing a 16% increase compared to previous years, with colored lines representing data from 2021 to 2025 against a blue background.
Toronto detached home sales trend graph for 2025, showing a 5% decrease in June, with sales data from 2021 to 2025 represented by colored lines against a blue background, emphasizing market demand fluctuations.
Toronto semi-detached inventory chart showing total supply trends from January to June 2025, highlighting a 58% increase compared to previous years.
Toronto detached homes month of supply chart, showing supply and demand trends from January to June 2025, with a significant 61% increase in months of supply.
Toronto detached benchmark price trend chart, showing a decline to $1,541,900 in June 2025, with inventory levels and market index fluctuations over time.

Toronto’s detached segment saw sales fall 5%, while new listings rose 16% and inventory ballooned 58%—driving a 61% increase in months of supply. Prices took a hit, with the benchmark dropping 4.54% month-over-month and 6.64% year-over-year, now sitting at $1,541,900 (HPI 325). This is the sharpest price erosion among major housing types. Sellers are increasingly under pressure to meet the market, as high borrowing costs and buyer hesitation weigh heavily. Expect continued price compression through the summer.

Toronto's Condominums

Graph illustrating Toronto condominium new listings trends from January to December 2025, showing monthly data with color-coded lines for each year (2021 to 2025), highlighting a 5% change in June.
Toronto condominium sales trend chart for June 2025, showing a 24% decrease in sales compared to previous years, with colored lines representing annual sales data from 2021 to 2025.
Toronto condominium inventory chart showing total supply trends from January to December 2025, with a 49% increase in June, and year-over-year comparisons for 2021 to 2025.
Toronto condominium month of supply graph showing trends from 2021 to 2025, highlighting a 73% increase in June 2025, with colored lines representing different years against a blue background.
Toronto condominium benchmark price chart showing a decline to $599,700 in June 2025, with a blue line indicating price trends and a yellow line representing the index, highlighting significant market shifts and inventory changes.

Condo sales are down 24%, while inventory climbed 49% and months of supply spiked 73%. Interestingly, prices rose 3.00% month-over-month, although they remain 4.18% below last year’s levels, with a benchmark price of $599,700 (HPI 291). This short-term uptick likely reflects a burst of seasonal activity or opportunistic buying, but overall conditions still favour buyers. With inventory continuing to rise and demand lagging, this lift may be short-lived without a broader sentiment shift.

Toronto's Attached Homes

Toronto semi-detached new listings trend chart for June 2025, displaying monthly data from 2021 to 2025, highlighting a 15% change, with distinct colored lines for each year.
Toronto semi-detached sales trend chart for June 2025, showing a 5% decrease in sales, with colored lines representing annual sales data from 2021 to 2025 against a blue background.
Toronto semi-detached inventory chart showing total supply trends from January to June 2025, highlighting a 58% increase compared to previous years.
Toronto semi-detached month of supply chart for 2025, showing trends in inventory levels and demand fluctuations, with a highlighted 56% increase in June compared to previous years.
Toronto semi-detached benchmark price trend chart, showing monthly price fluctuations and current benchmark of $1,213,700, with yellow and blue lines representing benchmark and index values, respectively.

Semi-detached properties are showing relative stability. While sales fell 5% and inventory rose 58%, the benchmark price dipped just 1.61% month-over-month and is nearly flat year-over-year at -0.35%, now sitting at $1,213,700 (HPI 353). Months of supply increased 56%, but not to the same degree as in other categories. This suggests more balanced conditions, with buyer interest persisting at key price points. As the most resilient segment, semis could become the bellwether for where Toronto’s pricing levels stabilize.

It’s critical to understand the dynamics in your local property market

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