Home sales in the GTA dipped 2.4% this June compared to last year, but new listings jumped nearly 8%, giving buyers more options and flexibility to negotiate.
The average selling price came in at about $1.1M, roughly 5.4% lower than June 2024. Prices and sales edged down slightly from May, though there’s still some momentum from the spring market.
Lower borrowing costs and more listings are making homeownership a bit more within reach for some buyers. Still, many are staying on the sidelines, waiting for more economic stability and clearer signs of recovery.
If interest rates continue to drop and confidence grows, we could see more movement in the market and maybe even some support for prices.
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