Toronto Home Sales Rise 9.4% as Prices — and Condo Values Especially — Keep Falling

More Sales, Lower Prices

The Greater Toronto Area housing market delivered a split-screen result in June: transaction volume climbed while prices slid. TRREB reported that home sales rose 9.4% year-over-year to 6,770 units, even as the average sale price fell 3.9% year-over-year to $1,058,658. That combination — more deals closing at lower average values — is the clearest signal yet that the region's housing market has shifted decisively in favour of buyers after years of seller-driven conditions.

For a market this size, a near double-digit jump in sales alongside a price decline is not a contradiction. It suggests buyers are stepping off the sidelines specifically because prices have come down, while sellers are accepting offers below where they might have priced a listing a year or two ago.

Fewer New Listings, Tighter Supply Pipeline

New listings fell 12.9% year-over-year to 17,282, a notable pullback in the flow of fresh inventory hitting the market. Fewer new listings combined with rising sales volume points to existing supply being absorbed at a faster pace than it is being replenished this month.

• Sales up 9.4% year-over-year to 6,770 units - New listings down 12.9% year-over-year to 17,282 - Average price down 3.9% year-over-year to $1,058,658 - Condo prices down 9% year-over-year

Condos Are Falling Faster Than the Overall Market

The condo segment is the weakest part of the June report. Toronto condo prices were down 9% compared with June 2025, more than double the 3.9% decline in the average price across all home types. That gap indicates the correction is not uniform — condominiums, which have historically been the entry point for many first-time buyers and a mainstay for investors, are losing value faster than detached and other housing categories.

A widening spread between condo price declines and the broader market average is worth watching for anyone whose net worth or investment portfolio is concentrated in that segment specifically.

What This Means for Your Money

For Canadians tracking their own finances, these figures describe a market in transition rather than one number telling a single story. Rising sales volume shows demand exists at current prices, but falling average prices — especially the sharper drop in condos — show that demand is being met on buyers' terms, not sellers'. Anyone with equity tied up in a GTA property, particularly a condo, is looking at a different net-worth picture than they were a year ago.

This is general market information, not individualized financial or investment advice. Homeowners, buyers, and sellers face different circumstances, and decisions about a specific property or purchase should be weighed against personal financial situations rather than a single month's regional data.

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