Average price — Mean sale price across all transactions. Sensitive to the mix of homes that sold.
$1,101,691
MoM −$19,188 −1.7% down $19,188, 1.7% versus May 2025 YoY −5.2% down 5.2% versus June 2024
Source: TRREB MarketWatch, June 2025
Greater Toronto Area · TRREB MarketWatch
GTA Real Estate Market Report
June 2025
In June 2025 the average selling price across the Greater Toronto Area edged down 1.7% to $1,101,691 versus May 2025, and sales held steady at 6,243.
Headline indicators
All TRREB areas · all home types
Median price — The midpoint sale price. Less affected by a few very high or low sales than the average.
$950,000
MoM −$5,000 −0.5% down $5,000, 0.5% versus May 2025 YoY −4.0% down 4.0% versus June 2024
MLS® HPI benchmark — Quality-adjusted price for a typical home. The cleanest like-for-like price signal.
$995,100
MoM −$17,700 −1.7% down $17,700, 1.7% versus May 2025 YoY −5.5% down 5.5% versus June 2024
Sales — Firm transactions reported through the MLS® System during the month.
6,243
MoM −1 −0.0% down 1, 0.0% versus May 2025 YoY +0.5% up 0.5% versus June 2024
Dollar volume — Total value of all sales in the month.
$6.88B
MoM −$120,909,250 −1.7% down $120,909,250, 1.7% versus May 2025 YoY −4.7% down 4.7% versus June 2024
New listings — Properties newly listed during the month.
19,839
MoM −1,980 −9.1% down 1,980, 9.1% versus May 2025 YoY +10.4% up 10.4% versus June 2024
Active listings — Listings available at month end.
31,603
MoM +639 +2.1% up 639, 2.1% versus May 2025 YoY +33.8% up 33.8% versus June 2024
Avg. LDOM — Average days on market for the current listing. Not reported before 2020.
26
MoM +1 day +4.0% up 1 day, 4.0% versus May 2025 YoY +30.0% up 30.0% versus June 2024
Avg. PDOM — Average days on market across the property’s consecutive listings. Not reported before 2020.
42
MoM +3 days +7.7% up 3 days, 7.7% versus May 2025 YoY +40.0% up 40.0% versus June 2024
Avg. SP/LP — Average sale price as a share of list price. Above 100% means competing offers were common.
98%
MoM −1.0 pp −1.0% down 1.0 pp, 1.0% versus May 2025 YoY −2.0% down 2.0% versus June 2024
SNLR — Sales-to-new-listings ratio, computed here from this month’s counts. Below 40% favours buyers, above 60% favours sellers.
31.5%
MoM +2.9 pp +10.0% up 2.9 pp, 10.0% versus May 2025 YoY −9.0% down 9.0% versus June 2024
Months of inventory — Active listings divided by monthly sales — how long the current stock would take to sell. Computed here, not TRREB’s trend figure.
5.1
MoM +0 +2.1% up 0, 2.1% versus May 2025 YoY +33.2% up 33.2% versus June 2024
The month in 60 seconds
- Across all TRREB areas, new listings dropped 9.1% to 19,839 versus May 2025.
- Across all TRREB areas, active listings edged up 2.1% to 31,603 versus May 2025.
- Across all TRREB areas, the average selling price edged down 1.7% to $1,101,691 versus May 2025.
- Across all TRREB areas, the average sale-to-list ratio edged down 1.0% to 98.0% versus May 2025.
- Across all TRREB areas, the median selling price held steady at $950,000 versus May 2025.
Generated from the figures above. Ordered by size of month-over-month move.
Economy
Indicators published with this edition
Real GDP growth
2.2%
Q1 2025
Toronto employment growth
1.9%
May 2025
Toronto unemployment rate
8.8%
May 2025
Inflation (CPI, year-over-year)
1.7%
May 2025
Bank of Canada overnight rate
2.8%
June 2025
Prime rate
5%
June 2025
1-year mortgage rate
6.09%
June 2025
3-year mortgage rate
6.05%
June 2025
5-year mortgage rate
6.09%
June 2025
By home type
All TRREB areas
| Home type | Sales | MoM | Average price | MoM | YoY |
|---|---|---|---|---|---|
| Detached | 3,011 | +13 +0.4% up 13, 0.4% versus May 2025 | $1,392,033 | −$33,231 −2.3% down $33,231, 2.3% versus May 2025 | −6.0% down 6.0% |
| Semi-detached | 601 | −16 −2.6% down 16, 2.6% versus May 2025 | $1,089,751 | −$8,696 −0.8% down $8,696, 0.8% versus May 2025 | −1.2% down 1.2% |
| Att/row/townhouse | 566 | −84 −12.9% down 84, 12.9% versus May 2025 | $965,792 | −$29,870 −3.0% down $29,870, 3.0% versus May 2025 | −5.5% down 5.5% |
| Condo townhouse | 482 | +61 +14.5% up 61, 14.5% versus May 2025 | $761,106 | −$2,066 −0.3% down $2,066, 0.3% versus May 2025 | −7.9% down 7.9% |
| Condo apartment | 1,510 | +28 +1.9% up 28, 1.9% versus May 2025 | $696,424 | +$13,011 +1.9% up $13,011, 1.9% versus May 2025 | −4.3% down 4.3% |
| Link | 59 | +5 +9.3% up 5, 9.3% versus May 2025 | $951,825 | +$4,134 +0.4% up $4,134, 0.4% versus May 2025 | −13.5% down 13.5% |
| Co-op apartment | 8 | +2 +33.3% up 2, 33.3% versus May 2025 | $608,875 | +$117,875 +24.0% up $117,875, 24.0% versus May 2025 | +11.5% up 11.5% |
| Detached condo | 5 | −6 −54.5% down 6, 54.5% versus May 2025 | $956,480 | +$21,116 +2.3% up $21,116, 2.3% versus May 2025 | +9.9% up 9.9% |
| Co-ownership apartment | 1 | −4 −80.0% down 4, 80.0% versus May 2025 | $605,000 | +$129,100 +27.1% up $129,100, 27.1% versus May 2025 | +28.8% up 28.8% |
Average price by home type
13 months to June 2025
| Month | Detached | Semi-detached | Att/row/townhouse | Condo townhouse | Condo apartment |
|---|---|---|---|---|---|
| Jun '24 | 1480399 | 1102904 | 1021866 | 826268 | 727861 |
| Jul '24 | 1425927 | 1067576 | 1018731 | 794761 | 718698 |
| Aug '24 | 1414070 | 1026435 | 991307 | 760750 | 674706 |
| Sep '24 | 1423056 | 1090749 | 982656 | 791077 | 682543 |
| Oct '24 | 1462838 | 1108376 | 1007417 | 785827 | 694038 |
| Nov '24 | 1452518 | 1077254 | 994251 | 753352 | 689599 |
| Dec '24 | 1399209 | 1088543 | 1015505 | 767688 | 681855 |
| Jan '25 | 1377430 | 1047728 | 983856 | 802905 | 670675 |
| Feb '25 | 1445879 | 1079996 | 991066 | 802862 | 688055 |
| Mar '25 | 1439268 | 1111791 | 1001043 | 789129 | 682019 |
| Apr '25 | 1431495 | 1088848 | 1005487 | 783935 | 678048 |
| May '25 | 1425264 | 1098447 | 995662 | 763172 | 683413 |
| Jun '25 | 1392033 | 1089751 | 965792 | 761106 | 696424 |
Movers this month
Ranked across 55 of the 55 required areas · minimum 10 sales to qualify
Average price, month-over-month
Top 5
- Toronto C02 +36.4% up 36.4%
- Toronto W07 +15.4% up 15.4%
- Toronto W04 +9.1% up 9.1%
- King +7.0% up 7.0%
- Toronto E03 +5.9% up 5.9%
Bottom 5
- Scugog −27.6% down 27.6%
- Brock −22.8% down 22.8%
- Toronto E06 −21.3% down 21.3%
- Toronto C13 −20.2% down 20.2%
- Toronto C11 −17.6% down 17.6%
Sales, month-over-month
Top 5
- King +87.5% up 87.5%
- Toronto E10 +80.5% up 80.5%
- Toronto W03 +47.4% up 47.4%
- Toronto C10 +35.9% up 35.9%
- Toronto W09 +35.3% up 35.3%
Bottom 5
- Toronto E06 −50.0% down 50.0%
- Toronto E08 −40.0% down 40.0%
- Toronto E11 −28.0% down 28.0%
- Toronto C07 −20.7% down 20.7%
- Uxbridge −19.2% down 19.2%
Areas below the sales threshold are excluded — with a handful of sales, a couple of transactions can invent a swing that is not a market move.
Market balance
Sales-to-new-listings and months of inventory, computed from this month’s counts
All TRREB areas
SNLR
31.5%
prior month 28.6%
Months of inventory
5.1
All TRREB areas reads differently on the two balance measures — a buyer's market at 31.5% sales-to-new-listings, but balanced conditions at 5.1 months of inventory. They measure different things, so the split is worth noting.
City of Toronto (416)
SNLR
32.9%
prior month 29.4%
Months of inventory
5.1
City of Toronto (416) reads differently on the two balance measures — a buyer's market at 32.9% sales-to-new-listings, but balanced conditions at 5.1 months of inventory. They measure different things, so the split is worth noting.
905 total
SNLR
30.7%
prior month 28.2%
Months of inventory
5.1
905 total reads differently on the two balance measures — a buyer's market at 30.7% sales-to-new-listings, but balanced conditions at 5.1 months of inventory. They measure different things, so the split is worth noting.
These are computed here from the month’s raw counts. TRREB also publishes its own trend-smoothed SNLR and months-of-inventory figures, which are shown separately on the area pages and are not the same measure.
Where I work
Downtown TorontoMidtownScarboroughYork RegionDurham Region
Downtown
$830,770
- Sales
- 436
- SNLR
- 26.8%
- MOI
- 7.0
Aggregated across 2 districts · View →
Midtown
$1,800,090
- Sales
- 315
- SNLR
- 35.5%
- MOI
- 4.6
Aggregated across 6 districts · View →
Scarborough
$884,134
- Sales
- 401
- SNLR
- 34.8%
- MOI
- 4.3
Aggregated across 8 districts · View →
York Region
$1,241,758
- Sales
- 1,061
- SNLR
- 30.0%
- MOI
- 5.6
Region total · View →
Durham Region
$891,662
- Sales
- 817
- SNLR
- 35.8%
- MOI
- 3.6
Region total · View →
Average price for a multi-district group is weighted by dollar volume, not an average of averages — that would give a district with three sales the same weight as one with three hundred.