Is Toronto’s real estate market really slowing down? Only if you’re looking at condos. The Toronto real estate market in June 2025 is facing a clear divide: condos are sitting while freeholds continue to attract multiple offers.
This article breaks down the latest numbers from the May 2025 data release and explains exactly where the opportunities (and risks) are hiding.
🧠 Table of Contents
- What the Latest Toronto Real Estate Numbers Say
- Why Condos in Toronto Are Stalling
- Where Freehold Homes Are Still Hot
- Sales-to-New-Listings Ratio & Months of Inventory Explained
- Top Under-the-Radar Neighborhoods to Watch
- What This Means for Buyers and Sellers
- Tools to Help You Navigate the Market
1. What the Latest Toronto Real Estate Numbers Say
According to the May 2025 TRREB data, sales across the GTA dropped by 13.3% year-over-year, while active listings surged over 30,000—the highest levels since 1995. Despite this, average home prices ticked up month-over-month, indicating that not all segments of the market are cooling. Looking at the Toronto real estate market June 2025, sales volume has dropped while inventory has surged—especially in the condo segment.
- 🏠 Average sale price: $1.120M
- 📉 Inventory increase: +41% YoY
- ⏳ Average Days on Market: 25–40, depending on property type
- 📊 Months of Inventory (MOI): 5.62 overall
- ⚠️ SNLR (Sales-to-New-Listings Ratio): ~34% citywide → indicates buyer’s market
2. Why Condos in Toronto Are Stalling
The condo market is facing a serious supply problem. Many of the units built in recent years were designed for investors—not end users. Now, those investors are gone, and what’s left is a glut of small units with limited appeal.
Key Data:
- 📉 MOI for condos: 7.43 → heavy oversupply
- 🕒 Average DOM: 26+ days, often stretching to 60–90
- 💼 Units underperforming: sub-600 sq ft 1-bedrooms and tiny 2-beds
- 📍 Worst-hit areas: Downtown West (C01), Downtown East (C08), North York (C12)
Quote from the episode:
“Developers built for investors, not families—and now those shoebox units are sitting while buyers chase livable space.”
3. Where Freehold Homes Are Still Hot
In contrast, detached and semi-detached homes under $1.2M in family-friendly neighborhoods are still in demand. Multiple offers, bidding wars, and bully bids are alive in these pockets.
- 🔥 Active competition in West and East Toronto
- 🏡 Buyers are prioritizing space, community, and transit
- 🔁 Supply of quality freeholds remains tight
Anecdotal Note:
Josh shares that some listings had 8–9 showings booked on the same day, with bully offers accepted before offer night.
4. Sales-to-New-Listings Ratio & Months of Inventory Explained
If you want to understand market pressure, these are the two metrics that matter.
- SNLR shows how many listings are selling within a set period
→ Below 40% = Buyer’s market - MOI tells you how long it would take to sell all inventory if no new listings hit the market
→ Above 4 months = Slower market
Toronto-wide:
- SNLR: 34%
- MOI: 5.62
But… in specific neighborhoods?
- W02 (Junction/Bloor West): 45% SNLR, 2.4 MOI
- E03 (Scarborough Bluffs): 46% SNLR, ~2.3 MOI
→ These areas are closer to a balanced or even seller’s market.
5. Top Under-the-Radar Neighborhoods to Watch
Josh breaks down the stats and opportunities in these emerging zones:
Oakwood Village
- Avg Price: $1.2M
- DOM: 21
- SP/LP: 105%
→ Still outperforming with walkability and LRT access.
Briar Hill
- Avg Price: $897K
- DOM: 26
- Three subway stations nearby
→ Affordable homes + big upside.
Caledonia–Fairbank
- Avg Price: $1.05M
- SP/LP: 105%
→ Hills, trees, low-rise charm + proximity to the new Eglinton LRT.
Keelesdale
- Avg Price: $908K
- DOM: 30
- Huge upcoming transit hub at Mount Dennis
→ Transit-connected, family-sized housing under $1M.
6. What This Means for Buyers and Sellers
If You’re a Buyer:
This may be the best opportunity to buy a larger condo or freehold in a rising neighborhood. Sellers are negotiating, but not everywhere.
If You’re a Seller:
Know your pocket. If you’re in the right zone and priced right, demand is still strong. But overpricing in oversupplied areas (especially condos) is a recipe for sitting stale.
7. Tools to Help You Navigate the Market
Looking to make a move in Eglinton West or similar under-the-radar areas? Josh’s tools help you make smarter, faster, more strategic decisions.
- 📘 Eglinton West Buyer’s Guide
https://realestateundertheradar.ca/eglinton-west-guide/ - 🧾 Eglinton West Seller’s Guide + Home Evaluation
https://realestateundertheradar.ca/eglinton-west-home-evaluation/ - 🤖 Valery AI Pricing & Search Tool
https://valery.ca/?ref=joshuaj
Find out what your home is actually worth—or what you should be paying before you offer.
📺 Watch the Full Episode
🎧 Listen on Spotify
📺 Watch on YouTube
📈 Final Thoughts
Toronto isn’t one market—it’s a mosaic.
If you’re only watching headlines, you’re missing the moves.
Freeholds are holding strong. Condos are correcting. And the neighborhoods in between? That’s where the opportunity lives.
❓FAQ
Q: Why are condos in Toronto not selling in 2025?
A: Many condos were built for investors, not end users. Smaller units have limited appeal, and rising inventory has outpaced demand.
Q: Are freehold homes still selling in Toronto?
A: Yes. In many west and east end neighborhoods, freeholds are still seeing strong buyer demand, often receiving multiple offers and bully bids.
Q: What is the sales-to-new-listings ratio in Toronto?
A: As of May 2025, the SNLR across the city is around 34%, which indicates a buyer’s market. However, pockets of the west end have much tighter ratios.
