Investing during the Ontario real estate slowdown in June 2025 offers a rare chance for buyers and investors to capitalize on favorable market conditions.
Understanding the Ontario Real Estate Slowdown in June 2025
In June, the Ontario real estate market displayed mixed regional dynamics:
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Sales volume for May was 17,242 units—down 6.7 % YoY, but up 21 % MoM since April.
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The average resale price across Ontario was $861,719, a 3.6 % drop YoY and a slight increase of 0.2 % from April.
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Active listings surged to 76,068, rising 21.7 % YoY—the highest level for a May in over a decade.
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New listings hit 50,098, up 10.4 % YoY, easing supply pressures.
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Months of inventory climbed to 4.4, compared to 3.4 a year ago—signaling a shift to a buyer’s market.
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Sales-to-new‑listings ratio (SNLR) remained 34 %, well below the balanced-market threshold.
Sales Trends Amid the Ontario Real Estate Slowdown
June maintained the trends from May:
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Sales were down 6.7 % YoY, yet saw a 21 % MoM rebound.
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Average home price stabilized at $861,719, marking a 3.6 % YoY decline.
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GTA prices dropped ~4.2 % YoY to about $1.11 M.
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Toronto-area average house price was around $1.15 M, with condos averaging $702,389—down ~7 % YoY.
Why It Still Matters
Although some buyers are stepping in – particularly first-timers – pricing remains soft due to economic uncertainty (e.g., trade tensions), favoring buyers and cooling the market .
Price Analysis During the Ontario Real Estate Slowdown
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Detached homes averaged $901,200, down ~6.7 % YoY.
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Condos in the GTA dropped ~7‑8 % YoY; many sold below asking price (~65 %) .
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Townhouses averaged $654,500, a 6.3 % YoY decrease.
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Provincial condo average: $541,400, down 8.5 % YoY.
Inventory & New Listings in the Ontario Real Estate Slowdown
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Active listings: +21.7 % YoY at 76,068.
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New listings: +10.4 % YoY at 50,098.
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Months of inventory: up to 4.4, signifying a clear shift to buyer-favorable conditions.
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In suburban regions (Halton, Peel), listings are gradually inching up as sellers test the market.
What Lies Ahead?
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National prices projected to drop ~2 % in 2025, with Ontario leading declines (~3.6 % YoY).
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TD Economics forecasts further cooling in H2 2025 before recovery begins in 2026 (economics.td.com).
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Bank of Canada rate cuts expected to stabilize momentum later in 2025.
Conclusion: Act Smart in this Ontario Real Estate Slowdown
The June 2025 numbers confirm a deep buyer’s market with softened prices, elevated inventory, and growing listing volumes. Whether you’re buying or investing, now’s the time to:
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Negotiate aggressively.
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Prioritize high-demand assets like detached homes and condos in transit-friendly areas.
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Watch for motivated sellers – especially in suburban pockets.
