April marked a pivotal point in the GTA real estate cycle. While market activity followed typical spring seasonality with a month-over-month rise in sales, year-over-year figures continued to reflect buyer caution and a market in transition.
📊 Key GTA-Wide Statistics – April 2025
Total Home Sales: 5,601 (▼ 23.3% YoY)
This is the number of homes sold across the GTA in April 2025. A 23.3% year-over-year drop means significantly fewer properties changed hands compared to April 2024—showing buyer hesitation in the current market.
Average Selling Price: $1,107,463 (▼ 4.1% YoY)
This is the average price of all homes sold in the month. A 4.1% decline means prices have softened compared to last year, giving more negotiating power to buyers.
New Listings: 18,836 (▲ 8.1% YoY)
This is the number of homes newly listed for sale in April 2025. An 8.1% increase indicates that more homeowners are trying to sell—creating more competition and choice in the market.
Sales-to-New Listings Ratio: 29.7% (Buyer’s Market)
This metric compares the number of homes sold to the number of homes listed. A ratio below 40% is considered a buyer’s market, meaning buyers generally have more leverage and sellers face more competition.
Average Listing Days on Market: 25 days
This is the average number of days it takes for a listed home to sell. A 25-day average suggests a reasonably active market—though not as hot as during peak years when homes sold in days.
MLS® HPI Composite Benchmark: ▼ 5.4% YoY
The MLS® Home Price Index (HPI) benchmark tracks the value of a typical home, removing outliers. A 5.4% decline reflects a broad-based cooling across the GTA, not just in high-end or low-end segments.
📎 Source: TRREB Market Watch – April 2025
🏠 Market Insights
Buyer Hesitation Remains: Many potential buyers are holding off, awaiting more clarity on borrowing costs and economic direction.
Increased Inventory: Active listings have climbed significantly, giving buyers greater leverage in price negotiations.
Price Declines Broad-Based: All housing types saw YoY price reductions. Detached homes averaged $1.43M, while condo apartments sat around $678K.
Affordability Boost: The combination of lower prices and modest interest rate easing has improved affordability for some segments.
📌 What It Means
For Buyers: Now is a strategic time to explore properties without the bidding wars of past years. Ample inventory offers room for negotiation, especially in high-supply areas.
For Sellers: Properties priced correctly are still moving. However, expectations need to adjust in line with market softness. Presentation and value positioning are critical.
🧭 Looking Ahead
TRREB continues to forecast a market rebound in the latter half of 2025. But this is contingent on improved economic certainty, lower interest rates, and renewed consumer confidence. Immigration growth and low construction starts may soon tighten supply, reversing current buyer advantages.
As TRREB CEO John DiMichele noted:
“We will need to build more homes... or the supply pipeline will ultimately run dry.”
📈 Historic Market Perspective
Peak Avg. Price: February 2022 – $1.33M
Current Avg. Price: April 2025 – $1.107M
Annual Price Trend: Prices are stabilizing near pre-2021 levels, with slower declines compared to 2023.
🗂️ Historic Market Data – TRREB
News and Pictures Source: TRREB
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