We’re officially halfway through the year, and Toronto’s housing market is continuing to shift. While we’re not seeing a dramatic crash, we are seeing signs of recalibration across all housing types. Whether you’re buying, selling, or simply watching from the sidelines, June’s numbers offer plenty of insight into where things could be headed next.
Let’s break it down.
Detached Homes: Still Under Pressure
Detached homes averaged $1,641,868 in June 2025. That’s a 4.5% drop from May, and a 6.6% decrease year-over-year. This segment continues to feel the squeeze from high borrowing costs and affordability concerns. For many buyers, detached homes remain out of reach, which is leading to slower activity and price softening in this part of the market.
Semi-Detached Homes: Somewhat Stable
Semi-detached properties averaged $1,278,434, which is down 1.6% from May and just 0.4% lower than last June. While that’s still a drop, it’s relatively modest compared to what we’re seeing in the detached and townhouse segments. Semis continue to offer a good middle ground for buyers who want space without the full cost of a detached home.
Townhouses: A Noticeable Decline
The average townhouse sold for $957,605 in June, marking a 5.2% month-over-month drop and a 5% decline compared to June 2024. That’s a notable dip, especially since townhomes were one of the stronger performers last year. It could suggest that some buyers in this price range are hesitating or shifting their focus to the condo market, where entry points are lower.
Condos: A Quiet Comeback?
Here’s where it gets interesting. The average Toronto condo sold for $731,232 in June. That’s up 3% from May, and while it’s still 4.2% lower than last June, it also happens to be the highest average price we’ve seen since July 2024.
This rebound may be signaling a return of buyer confidence in the condo market. After months of sluggishness, it’s possible that more affordable price points and the potential for rate cuts are drawing buyers back in, especially first-time buyers and investors.
What’s Driving These Trends?
There’s a lot at play right now: affordability challenges, interest rate speculation, and seasonal patterns. But the big factor on everyone’s mind is what the Bank of Canada will do next. Many economists are predicting another rate cut this July. If that happens, we may see increased activity in the entry-level and condo segments heading into the fall.
Final Thoughts: What This Means for Buyers and Sellers
So where do things stand overall?
✅ Detached and townhouse prices are softening
✅ Semi-detached homes remain relatively stable
✅ Condos are showing early signs of a rebound
If you’re buying, this could be a good moment to enter the market before competition increases. If you’re selling, especially in the condo segment, the tide may be turning in your favour. And if you’re upsizing, soft prices in low-rise housing could actually work to your advantage.
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