June gave us another slow burn. Buyers are circling, sellers are side-eying their comps, and price sensitivity is still the main character.
Average Home Price: $1,101,691 — down 5.4% from last June and $19K lower than May.
Time on Market: With inventory at a 25-year high, homes are taking about 25 days to sell—and buyers have the upper hand to negotiate.
New Listings: 19,839 homes hit the market in June—7.7% more than last year, but fewer than May, hinting that things may be starting to level off.
Market Overview:
6,243 sales went through—2.4% fewer than last year, but up 8.1% from May. Well-priced, move-in-ready homes (especially at the entry level) are still getting bites.
More listings mean more choice—but also more competition. If you’re planning a move, now’s the time to talk strategy and timing.
Behind the Scenes
On the ground, the theme is still: slow and steady — but mostly just slow.
Showings are quiet, buyers are choosy, and even some of the open house crowds are feeling a little… half-hearted. That said, well-priced homes are still moving — especially if they fall into that lower price bracket or show like something out of a Pinterest board. Clean, updated, move-in ready? That’s what’s getting second showings.
We’ve definitely seen more listings hit the market over the past few weeks, which gives buyers options — but not urgency. Many are still playing the waiting game, hoping that a potential rate cut (or two) this summer will tip the scales in their favour.
And while there’s optimism in the air, it’s not translating into action just yet
If you’re a seller, it’s all about pricing strategy and presentation. If you’re a buyer, this slower summer stretch might be your chance to take your time and make a smart move — without the pressure of competing offers.
Thinking about how to play this market to your advantage? Let’s talk strategy. Just hit reply to this email and reach out.
CHK has a new home.
We've officially partnered with Royal LePage Real Estate Associates — and we couldn't be more excited. This is a strategic move to serve our clients better and align with a Canadian brand that has a global reach.
This marks one of the largest brokerage transitions in Ontario's real estate history, and it brings significant opportunities for our team —and for you, our clients. And guess what - our offices and locations remain as is!
Royal LePage may be a legacy brand, but don't let that fool you. They've been quietly leading the way — investing in new technology, support systems, and growing the largest network of top-performing teams in Canada. Read that again!
What does this mean to our clients?
More tools, more reach, and more support — without losing the personalized care and local knowledge you count on. Luxury division - check, Commercial division - check + so much more!
We're still CHK. Still grounded in our community. But with even more behind us to serve you better.
Truly Canadian. Truly exceptional.
