Summer is finally here!!!!. The Toronto Regional Real Estate Board (TRREB) just released their June 2025 market update.

The GTA housing market continues to show signs of recovery. While home sales in June were down slightly year-over-year (by 2.4%), activity is trending upward month-over-month. More listings mean more choice for buyers, and softening prices - down 5.4% from last June - are helping improve affordability. Combined with lower borrowing costs compared to last year, many households are finding this a good time to re-enter the market or make their first move.

Opportunities for Buyers and Sellers

• Buyers: With increased inventory and negotiable prices, now is a strategic time to secure a home at a better value before competition heats up again!
• Sellers: The right pricing strategy is key. Homes that show well and are priced appropriately are still selling, often with strong buyer interest due to improved affordability. Yes, the price you get might not be what it was a year or two ago, but neither is the house you will buy when you sell yours!
• Investors: Condominiums remain as a great investment opportunity.

Looking Ahead

Despite short-term fluctuations, the long-term fundamentals of GTA real estate remain strong: continued population growth, limited housing supply, and infrastructure investment. Let's face it, Toronto is a great city that will continue to grow and expand and real estate will always be a resilient long-term asset.

If you're thinking about making a move, or just want to chat about what these changes mean for you, call me!

Have a great July!