By Shayan Alvi
Despite a minor increase in sales in the apartments in the greater Toronto area in June, many in the real estate industry expect a lack of willing buyers to cause a fragile housing market for the rest of 2025.
The Data of the Regional Real Estate Board (TRREB) from Toronto showed an increase in listings, a slightly higher turnover with the month and lower average prices in June.
However, some real estate agents say that the environment they see is one in which sellers lose their leverage and buyers are careful due to the economic uncertainty.
“I don't think we will bounce back, the pendulum does not swing back.
A total of 6,243 houses were sold in the greater Toronto (GTA) area in June 2025, which decreased by 2.4 percent compared to the previous year. The new lists rose by 7.7 percent from the previous year to 19,839.
The composite of the MLS Home Price Index (HPI) fell 5.5 percent in June in the previous year, while the average sales price of $ 1,101,691 decreased by 5.4 percent compared to June 2024. On seasonally adjusted monthly against monthly base of the MLS-HPI and the average price of May.
Elechia Barry sample, President of Trreb, said that improved affordability due to lower credit costs and the high level of inventory made ownership of a “more achievable goal for many households”.
However, some brokers hesitated to call it back. Daniel Foch, Chief Real Estate Officer at Valery Real Estate Inc. in Toronto, said that an increase in transactions signals a recovery, not necessarily just a drop in prices.
“What brokers see than a form of relaxation would be more transactions. More disadvantages of the price means more transactions, because if the prices are falling, more buyers can afford to buy these houses,” said Foch.
However, the recovery did not start, he said and predicted that July and August will be “slow months” before the market in autumn has the chance to take action in autumn.
Barry sample said that buyers have used the growing range of lists to negotiate prices. At the same time, sellers lower their expectations, said Foch.
“I think sellers become more realistic. Those who have to sell are more aggressive with prices and begin to adapt to the fact that the market is changing,” he said. “Historically speaking, sellers kept the cards because they had the scarce capital. It is less and less true. I think we start that the sellers see more aggressive, and I think we will continue to see more aggressively.”
In June, compared to the previous year, a decline in sales in all real estate types recorded a decline in sales.
The city houses recorded the sharpest decline, with sales decreased by four percent, followed by separated houses with a decrease of 2.9 percent. The sales of condominiums decreased by 2.5 percent, while semi -fermenting houses recorded a decline in transactions by 0.7 percent.
Running houses recorded a decline in their average price by six percent, during the average price for condominiums by 4.5 percent, followed by half -pointed houses with one percent.
Jason Mercer, Chief Information Officer at Trreb, said that a stable trade agreement with the United States would help to reduce the pressure on the GTA real estate market. “A fixed trade agreement with the United States, which are accompanied by the end of the cross-border saber rattling, would make a major contribution to relieving a weakened economy and to improve consumer confidence,” said Mercer.
The impending threat of new tariffs has requested the trust of buyers to go into the market, said Ingram.
“There is a lot of uncertainty and especially with Donald Trump, it seems every week that he has a new tariff,” he said. “The trust of the buyers is currently a bit shaken. I think they just want to see something that turns out.”
Brokers ask sellers to be more realistic with their prices, said Foch.
“Real estate experts want transactions to conduct so that they encourage sellers to be more realistic with their pricing. But in the next few months I will think that they will be the worst two months we have ever seen from a volume perspective.”