Average Sale Prices of Detached Homes in June in Comparison to June of 2024:
• Toronto: -6.66% at $1,64M
• Vaughan: -12.33% at $1,68M
• Richmond Hill: -16.23% at $1,71M
• Mississauga: -9.02% at $1,42M
• Markham: -9.23% at $1,63M
• King City: -9.60% at $2.61M
• Newmarket: -11.40% at $1,24M
• Aurora: -8.28% at $1,59M
• Bradford: -6.16% at $1,12M
• Milton: -11.15% at $1,27M
• Stoufville: -25.95% at $1,38M
• Innisfil: -0.80% at $956,000
• Alliston: -6.19% at $882,000
• Burlington: -9.74% at $1,46M
• East Gwillimbury: -4.73% at $1,29M
• Barrie: -7.80% at $808,000
• Oakville: +5.43% at $1.96M
As we wrap up the first half of 2025, Toronto’s real estate market continues to keep everyone sharp: buyers, sellers, renters and agents alike. No big surprises in June, but plenty of trends continued: mortgage rates are still high with no fairytale drops coming, the rental market is still wild and everyone is adjusting their game plans.
Freehold homes saw decent activity, especially those priced right in the $1.1M - $1.5M range. Updated homes with income potential are moving, while overpriced listings are just collecting dust. Buyers are cautious and calculated, so sellers need to price smart and be realistic.
Condos held steady in June. Two-bedroom units near transit continue to attract first-time buyers looking for value. But buyers are picky and updated units in good buildings are winning. Outdated units with high maintenance fees not so much.
Rentals are hit and miss. It’s a tough scene for tenants. One-beds are hitting $2,300 - $2,700 and two-beds often top $3,000. Freehold rentals are seeing multiple offers in certain areas and if priced lower. Tenants now are offering more paperwork than a mortgage application.
There is no relief yet on mortgage rates. Fixed rates are hovering around 4.2% - 4.7% and variable rates aren’t much better. Most buyers are going short-term fixed, hoping for better days ahead. Affordability is tight and it’s not changing tomorrow.
We are in a slower summer market with more inventory and conditional offers. No crash, but no frenzy either. Buyers must get pre-approved and watch for good value. Sellers must price right and be flexible. And if you are renting, brace yourself and come prepared.
Bottom line: June brought more of the same. Strategy matters. Patience pays off and a good realtor helps you navigate it all. Yes, that’s my cue, let’s talk when you’re ready.
𝑭𝒖𝒂𝒅 𝑨𝒃𝒂𝒔𝒐𝒗
Real Estate Broker, ABR, SRS, RENE, E-PRO
Right At Home Realty, Brokerage
𝐝𝐢𝐫𝐞𝐜𝐭: 𝟔𝟒𝟕-𝟖𝟎𝟏-𝟑𝟒𝟎𝟏
w: www.FuadHomes.com
w: www.SellVaughan.ca
y: www.youtube.com/@fuadhomes
i: www.instagram.com/fuadhomes
#TorontoRealEstate #MarketUpdate #GTAHomes #CondosToronto #RealEstateCanada #FuadAbasov #TorontoRealtor #LuxuryRealEstate #TorontoRealEstate #GTAHousingMarket #June2025 #Condos #FreeholdHomes #TorontoRentals #HomeBuyers #InvestSmart #FuadAbasovRealtor #HomeBuying #TorontoMarketUpdate #InvestSmart
Post a comment