GTA Real Estate Market Shows Signs of Recovery

Good news for potential homebuyers in the Greater Toronto Area (GTA)! The latest figures released by the Toronto Regional Real Estate Board (TRREB) suggest a potential recovery in the real estate market.

According to the Board, the first half of the year experienced slow growth in the market. In June 2025, a total of 6,243 homes were sold, representing a 2.4% decrease compared to the previous year. However, on a seasonally adjusted basis, there was an 8.1% increase from May, indicating that more homebuyers are entering the market now.

Like other regions in Canada, the GTA market slowed earlier this year as potential buyers hesitated due to economic instability and growing uncertainties over Canada-US trade tensions. Home sales sharply declined in the spring, with a 13% drop in May and a 23% decrease in April year-over-year.

Realtors are expressing optimism about the shift seen in June. Vy Ngo of Big City Realty Inc. noted that the year began strong, but concerns about tariffs and an unpredictable stock market changed buyer behavior. “Once the stock market rebounded in late May, we observed some buyers returning,” she said.

In Toronto itself, sales increased by 3.5% compared to the previous year, while sales in the rest of the GTA dropped by 5.6%. Townhouses experienced the largest decline at 4%, followed by detached homes (2.9%), condos (2.5%), and semi-detached houses (0.7%).

Home prices also experienced a decline, with the average selling price in the GTA falling by 5.4% year-over-year to $1,101,691. However, new listings increased by 7.7%, providing buyers with more options.

TRREB officials indicate that greater choice and lower borrowing costs are helping some community members move closer to homeownership. However, uncertainties linger. Experts believe that a firm trade agreement with the US and further interest rate cuts could bolster the market’s recovery.