Market Minute – June 2025

As we settle into June, real estate activity across Southern Georgian Bay is sending a clear message, buyers have the upper hand, and sellers need to be savvy.

Where Things Stand

So far this spring, prices are inching upward even as buyer activity remains selective. The average home in April sold for just over $845,000, which is about 5% higher than last year. Median prices also saw a modest lift to $750,000. Total sales volume reached $151.4 million, up 15%, with nearly 180 homes changing hands.

Still, inventory is growing faster than sales. The sales-to-new-listing ratio now sits around 23%, meaning buyers have more to choose from and more room to negotiate.

Looking at the year so far, the average sale price is up nearly 14% to $877,919, while the number of homes sold is actually down by about 8.5%. Meanwhile, new listings have jumped by more than 20%, creating a market that is increasingly favouring those on the buying side.

Spotlight on Luxury

The high-end market is proving resilient. Homes listed at $1 million or more are selling steadily, with activity in the $2 million-plus range picking up pace. That segment has grown by nearly 29% compared to last year, showing that demand for premium properties in our region remains strong.

Rates and Real Estate

With the Bank of Canada recently holding its key interest rate steady, mortgage costs are remaining relatively high, particularly for fixed-rate products. While there’s speculation that rates could come down later this year, that shift hasn’t arrived yet, which continues to put pressure on affordability and borrowing power. For buyers, this reinforces the importance of working within a well-defined budget. For sellers, it means many prospective buyers are taking a more cautious, calculated approach. Until we see meaningful movement on rates, today’s market will likely remain price-sensitive and inventory-rich.

What This Means for You

If you’re buying, this is a great time to explore your options. With more listings on the market and slower turnover, you can afford to take your time and make a confident, informed decision.

If you’re selling, preparation and pricing are everything. With competition increasing, the homes that are drawing offers are the ones that show well and are priced to reflect today’s market conditions, not last year’s.

As always, I’m here to help guide you through every step. Whether you’re looking to make a move or just want to stay informed, let’s chat about what’s happening in your neighbourhood.

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