Real estate watchers in the Greater Toronto Area are hoping a recovery may be underway as figures for June showed signs that activity could be stabilizing after a sluggish first half of 2025.

Home sales in the region ticked 2.4 per cent lower in June compared with a year earlier, as 6,243 properties changed hands, the Toronto Regional Real Estate Board said Friday.

Meanwhile, sales were up 8.1 per cent from May on a seasonally adjusted month-over-month basis, as the housing market “continued to show signs of recovery,” the board said.

Like other regions, the GTA has seen real estate activity cool down this year as many would-be buyers were spooked by economic uncertainty associated with Canada’s trade war with the United States.

Learn more