The Greater Toronto Area (GTA) real estate market in April 2025 presents a landscape of increased opportunities for buyers, characterized by a surge in listings and a moderation in prices.
📊 Key Market Highlights
- Home Sales: 5,601 homes were sold in April, marking a 23.3% decrease compared to April 2024.
- New Listings: A total of 18,836 new listings entered the market, reflecting an 8.1% year-over-year increase.
- Average Selling Price: The average home price in the GTA stood at $1,107,463, a 4.1% decline from the previous year.
- Active Listings: Active listings reached 27,386 by the end of April, the highest level since May 1996.
🏠 Market Dynamics
Despite the year-over-year decline in sales, April experienced an 11.8% increase in home sales compared to March 2025, aligning with typical seasonal trends.
The influx of new listings has expanded buyer choices, contributing to a more balanced market. However, TRREB cautions that a slowdown in pre-construction sales may lead to future supply constraints, potentially exerting upward pressure on prices as demand rebounds.
🏘️ Segment Insights
- Detached Homes in Toronto (416 area): Average price at $1.7 million.
- Condominiums in Toronto (416 area): Average price at $678,000.
The condominium market has experienced a slight decrease in average selling prices, with a modest increase in sales activity and new listings, indicating a stabilizing trend.
🔮 Looking Ahead
With the Bank of Canada implementing interest rate cuts, borrowing costs are expected to decrease, potentially invigorating market activity in the latter half of 2025. Buyers may find the current environment favorable, with increased inventory and more negotiable pricing. Sellers are advised to price competitively and ensure their properties are well-presented to attract discerning buyers.
For personalized insights or assistance with your real estate needs in the GTA, feel free to reach out. Let’s navigate this evolving market together.
