GTA house sales, listing ups from year to year in June: Real Estate Board
Those who monitor the real estate in the Greater Toronto region are expected that the data for June may show that the activity can be stabilized after the first half of 2025.
The Toronto Regional Real Estate Board said on Friday that home sales in the region decreased by 2.4 percent in June, as 6,243 properties changed their hands.
The board stated that in the meantime, the sales were 8.1 percent on the basis of seasonally adjusted month-month from May, as the Housing Market “showed the signals of recovery,” the board said.
Like other regions, GTA has seen the real estate activity cool this year as many buyers were associated with the Economic Uncertainty associated with the Canadian trade war with the United States.
In May, the sale of the house was reduced by about 13 percent year-on-year after the 23 percent annual decline in April.
Economists were optimistic that this year the market would be hot between low borrowing costs, but once US President Donald Trump started implementing tariffs on Canada and other countries.
V Neg, a sales representative with Big City Realty Ink Brokerage in the Toronto region, said, “January was really good until Trump came to the office and started talking,” Big City Realty Inc. in the Toronto region. V Neg, a sales representative with brokerage, said. “Then the stock market beat up a big. Once the stock market supported for a good solid in the end of May, let’s start doing better for months or three weeks. That’s why June number is doing better.”
In the city of Toronto, there was 2,319 sales last month, increased by 3.5 percent from June 2024. During the rest of GTA, house sales fell 5.6 percent to 3,924.
All property types saw a lower overall sales in the entire region in June than a year ago.
The June home cell report from the real estate boards of Vancouver, Calgary and Greater Toronto region shows that sales and prices in all three markets are low from year to year.
The biggest decline was in the Townhouse segment, where four percent less properties were sold, followed by separate houses with a decrease of 2.9 percent. 2.5 percent less condos were sold and semi-separate houses fell by 0.7 percent.
Despite the expectation of a change, the NGO said that many people are still “afraid to buy because you don’t know what is going to happen next.” He called it “the worst” in his 12 years as a real estate agent, as due to the challenges navigating the tariff status.
“It is difficult to predict. I’m at the point where I am liked,” I don’t really know, “he said. “There are lots of ups and downs … I can’t predict the future. I really want me to do.”
Average selling price is low
The average selling price in June fell 5.4 percent to $ 1,101,691 compared to a year ago, and the overall benchmark price, to represent the typical house, was 5.5 percent below the year-to-year.
A total of 19,839 new properties were listed in GTA last month, which was 7.7 percent compared to the previous year. TRREB president Elechia Barry-Spoul said that with more listing available, buyers are “taking advantage of increased choice and are interacting exempt from asking prices.”
“Combined with the cost of less borrowing compared to a year ago, home ownership is becoming more obtainable for many homes in 2025.”
The active listing hit 31,603 last month, up to 30.8 percent from the list of 24,169 houses of June 2024.
“Kirpan Tejashwi will go a long way to cross the border with a firm trade deal with the United States
While reducing a weak economy and improving consumer confidence, “TRREB Chief Information Officer Jason Mercer said.” At its top, two additional interest rate cuts will make monthly mortgage payment average GTA more comfortable for homes. It can strengthen the speed experienced in the last few months and provide some help to sell prices. ,
Bank of Canada has kept its major policy rate stable for two direct decisions at 2.75 percent after seven consecutive cuts. The Central Bank announced its next rate decision on 30 July.
