Greater Toronto Real Estate Market Report – April 2025
Market Insights, Pricing Trends & Buyer Opportunities Across All Property Types
April 2025 followed the typical seasonal trend of increased real estate activity across the Greater Toronto Area (GTA). However, while momentum picked up compared to March, total sales remained subdued relative to the same time last year. This pattern reflects a cautious buyer pool still waiting for more clarity around interest rates and economic stability following Canada’s recent federal election.
Market Activity: Sales Down, Listings Up
According to the Toronto Regional Real Estate Board (TRREB), REALTORS® reported 5,601 home sales through the MLS® system in April—a 23.3% drop compared to April 2024. This year-over-year decline signals continued hesitancy, but on a month-over-month basis, sales edged upward, showing early signs of stabilization.
At the same time, new listings rose 8.1% year-over-year, with 18,836 homes hitting the market. This surge in inventory means buyers now have significantly more options than they did a year ago—and more leverage when it comes to price negotiations.
Average Prices: A More Balanced Market
The average selling price across all home types landed at $1,107,463, reflecting a 4.1% drop from April 2024. The MLS® Home Price Index Composite Benchmark fell 5.4% year-over-year, confirming a broad softening of prices across the region. On a seasonally adjusted basis, prices also dipped slightly from March.
This cooling trend, paired with increasing supply and early signs of lower borrowing costs, is gradually making homeownership more accessible for some buyers—especially those previously priced out of the market.
Property Type Breakdown
The April numbers show varied dynamics across detached homes, condos, townhomes, and semis, with each segment telling its own story.
Detached Homes
Detached properties saw the strongest growth in monthly sales, with 2,556 transactions, up 18.6% from March. Prices held steady at $1,431,495, signaling that this segment may be finding its footing after previous declines.
Inventory remains elevated, with 11,795 detached homes available, though this aligns more closely with historical norms and provides ample choice for buyers in search of space.
Condominium Apartments
The condo market is seeing a surge in supply and return-to-2021 pricing levels.
Average Price: $678,048
Sales: 1,430 (↑1.8% from March, fourth month of gains)
Inventory: Soared to 128.8% above the 10-year April average
Despite softer prices, the consistent rise in condo sales month after month suggests that affordability in this category is pulling buyers back into the market.
Townhomes
Townhomes experienced a modest price increase, gaining $4,444 from March, with an average price of $1,005,487.
Sales: 571, up 13% month-over-month
Inventory: Reached 2,061 active listings, the second-highest level on record
This segment continues to appeal to families and upsizing condo owners, especially with inventory reaching record levels.
Semi-Detached Homes
Semis had a 2% dip in average price, landing at $1,088,848, but showed strong activity with 565 sales—a 16.5% increase over March.
Inventory here also climbed, with 1,458 active listings, which is 78% higher than the 10-year April average, contributing to more balance in this mid-market segment.
Key Takeaways for Buyers and Sellers
For Buyers:
You’re entering a market with more options, softer pricing, and less competition than in recent years. With interest rates expected to ease later in the year, some are choosing to act now—while others continue to wait. Either way, you now have leverage, particularly if you're financially prepared and clear on your goals.
For Sellers:
Pricing strategically is more important than ever. Homes that are well-presented and accurately priced are still moving—especially in popular areas—but overpricing in today’s market often leads to longer time on market and price adjustments. Inventory levels are climbing, so differentiation is key.
What’s Next?
Market performance through the rest of spring and into summer will likely hinge on macroeconomic signals: interest rate announcements, inflation stability, and international trade conditions—particularly Canada’s evolving relationship with the U.S. A more stable outlook could fuel renewed buyer confidence.
For now, we remain in a buyer-friendly, choice-rich, price-aware environment. Whether you're buying, selling, or planning your next move, the key is preparation, timing, and working with someone who understands how to navigate these shifts with clarity and strategy.
Have questions about your neighbourhood or your next step? Let’s connect.
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