Real Estate Market Report | Toronto | June 2025
Inventory Swells, Buyers Retreat
With an uncertain economy on the horizon, homebuyers are looking to see what the final implications may be – the good news is that selling with Bōde mitigates that risk entirely by maximizing your equity, you’ll outperform traditional methods of buying and selling.
We help provide home buyers and sellers with the data they need to be successful. When you have access to accurate and relevant data, you can be more confident in setting the price of your home and selling it or buying at the right price.
With many important factors to consider (what kind of home you have, what community etc.), it’s important to look specifically at what the housing market is doing in your neighbourhood.
Bōdesellers are more successful and actually make more money, on average, than the rest of the market. We are also here to make sure you have the information you need to make the decisions that are right for YOU!
So what's happening in the Toronto real estate market as of June 2025?
Let’s start with a Macroeconomics view
To understand what’s happening in the real estate market you have to look at supply and demand.
The best proxies for supply and demand are:
Supply
New supply: New Listings (i.e. the number of homes recently listed for sale)
Total supply: Inventory (i.e. the total number of homes listed for sale)
Demand
Sales (i.e. the number of homes recently sold)
Supply & Demand
Months of Supply (i.e. the number of months it would take to sell all current inventory at the current rate of sale)
These metrics are the best indicators of the health of the real estate market. Let’s look at what they show us.
Overall Toronto Market
Toronto’s market is showing clear signs of imbalance. New listings are up 13%, but sales are down 23%, leading to a 59% increase in inventory and an 89% jump in months of supply compared to the five-year average. Despite this, prices nudged up 0.93% month-over-month, although they remain down 3.15% year-over-year at $986,800. This is a textbook transition into a buyer’s market, where more choice and softer demand are beginning to erode seller confidence. Expect greater price negotiations through spring and summer.
Toronto's Detached Homes
Detached homes saw a 17% increase in listings, while sales fell 16%, and inventory jumped 60%. That pushed months of supply up 80%, reflecting much weaker demand at the high end. Still, benchmark prices climbed 1.13% month-over-month, though they’re down 5.83% annually, now at $1,564,100. This segment is showing resistance to sharp corrections, but the sheer volume of inventory could force price adjustments if buyers continue holding out.
Toronto's Condominiums
Toronto’s condo market is under clear pressure. Listings rose 12%, sales plunged 32%, and inventory swelled 58%, leading to a 103% increase in months of supply—the steepest of any segment. The benchmark price is down 7.45% year-over-year, with a minor 0.12% monthly drop to $610,200. With investors pausing and affordability still strained, the condo market is firmly in correction territory. Expect further softening unless absorption improves in late Q2.
Toronto's Semi-detached homes
Semi-detached homes present a curious mix: sales down 13%, listings up just 5%, and inventory up 48%. Despite these headwinds, prices rose 2.61% month-over-month, though they’re still down 8.27% annually to $1,235,300. This segment often reflects upsizing demand from condo owners or families priced out of detached homes. The recent price bump suggests resilient demand, but if broader weakness continues, semis could follow the downward trend of the wider market.
It’s critical to understand the dynamics in your local property market
To understand your local property market you need to look at your local data. Head over to Bōde’s new and improved Market Data dashboard, the only place where you can see all the data yourself, including being able to filter on community, property type, and price range to see exactly what’s happening where you live.
You can also see the sold price of any home that has sold in the last 2 years using Bode’s Sold Data page.
If you’re thinking about selling, take a look at how Bōde helps sellers sell for 1.3% higher prices while paying 50% less commission.
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