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Inventory remains elevated while price trends stabilize—here’s what’s moving this month.
🔍 By the Numbers: June at a Glance
Total Sales: 6,243 (–2.4% YoY, +0.0% MoM)
Average Selling Price: $1,101,691 (–5.4% YoY, –1.7% MoM)
New Listings: ~19,839 (+14% YoY, –) +15.8% over May
Active Listings: 31,603 (+30.8% YoY, +2.1% MoM)—the highest in 15 years
Sales-to-New Listings Ratio: 35% (calculated from sales and listings provided)
Property DOM: 42 days (up from May)
Listing DOM: 30 days (up from May)
Months of Inventory: 5.06 months—pushing the GTA into a buyer’s market
Source: TRREB June Market Watch Report
🧠 Top Takeaway:
June showed stabilizing prices and consistent sales, but record-high inventory across the GTA has shifted the market firmly in favour of buyers—with over five months of supply.What's happening locally? Durham & Toronto Market Insights
Every city/town is unique as are the communities within them. Scroll through to find your town.
📉 Rates & Financing Update
BoC Policy Rate: Held steady at 2.75% on June 4, citing persistent economic uncertainty and trade tensions
What’s Ahead: Economists expect at least two additional rate cuts later this year—possibly targeting 2.25% by year-end nesto.ca,TD Stories, Reuters.
Fixed Mortgage Rates: Trending higher recently, with select 3–5 yr rates around 3.9%–4.0%
Variable Rates: Prime remains at 4.95%—no change for now Facebook+8Bank of Canada+8Ratehub.ca+8.
Sources: nesto.ca,TD Stories, Reuters,NerdWallet, Bank of Canada,Ratehub.ca
🏠 What’s Changing — and What’s Not
Sales Plateau – After increasing through spring, June sales held steady, now just below last year’s levels.
Inventory Peaks – Active listings have surpassed 31,600—the highest in 15 years—granting buyers significantly more options.
Market Segmentation:
Condos: ~6.95 months inventory—clearly a buyer’s market.
Detached Homes: ~4.7 months—still balanced.
Townhomes/Semis: Remain balanced.
Durham Region: Balanced at ~3.58 months overall and 3.64 for detached.
City of Toronto: Buyer-favored, with overall ~5.06 months and condo apartments at ~6.9 months.
Economic Backdrop – Trade uncertainty continues to hold rates steady; inflation remains marginally above target
Sources: Toronto Regional Real Estate Board.
⚖️ Buyers vs. Sellers: Who's in Control?
For Buyers:
Increased inventory and cooling prices translate into more choice and negotiation power.
Entry-level detached homes and townhomes are attracting interest; condos offer deep leverage.
With rate cuts expected, securing a rate sooner could be wise.
For Sellers:
Entry-level homes still command attention—focus on staging and pricing.
Larger homes may stay on the market longer; presentation and promotion are key.
Work with an agent to develop a strategic plan in this shifting market.
🔮 Quick Verdict:
📞 Thinking of Buying or Selling?
With stockpiles of listings and a potential for rate cuts on the horizon, expert guidance is now more crucial than ever. Let’s create a plan tailored to your goals—and timing.
👉 Connect with us for a personalized consultation
