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April 2025 Toronto Real Estate Market: More Homes for Sale, Prices Lower

May 7, 2025
April 2025 Toronto Real Estate Market: More Homes for Sale, Prices Lower main image

Inventory Grows, Prices Dip – What It Means for Homebuyers in the GTA

The Greater Toronto Area real estate market shifted again in April 2025. According to TRREB, sales are down, but more homes are hitting the market, and prices are dipping—opening up new chances for buyers.

  • 5,601 sales in April (down 23.3% from April 2024)
  • 18,836 new listings (up 8.1% year-over-year)
  • Average price: $1,107,463 (down 4.1%)

If you’ve been waiting for prices to cool, this could be your moment.


🏘️ Toronto Home Sales Down, But Stabilizing Month-Over-Month

Sales may be down compared to last year, but April saw more action than March, following seasonal trends. That tells us buyers are still active—just more cautious. With interest rate cuts expected later in 2025, confidence may rise again.


📉 Average Prices Continue to Slide – Opportunity or Risk?

Prices are falling steadily across the board:

  • 📉 Average GTA price: $1.1M
  • 🏠 Detached (416): $1.7M
  • 🏢 Condos (416): $678K

With more choice and slightly cheaper homes, buyers have stronger negotiating power right now. But if you wait too long, a rebound could close that window.


🏗️ New Listings Rise, But Housing Pipeline Shrinks

More listings are great for today’s buyers—but TRREB warns of future supply problems. Pre-construction sales are down, which means fewer new homes are being built. Once demand picks up, inventory could run short, pushing prices back up again.


Summary – What This Means for You

  • 🏠 Sales down 23.3% compared to April 2024
  • 💰 Average price dropped to $1,107,463
  • 📈 More listings mean more buyer choice
  • 💬 Detached homes in 416: $1.7M | Condos: $678K
  • Buyers: Good time to explore while prices are softer
  • 🧠 Sellers: Price competitively, prep your home well
  • 🔮 Looking ahead: Lower rates could trigger more demand

👉 Bottom Line: If you’re a buyer, the window of opportunity is opening. For sellers, pricing and presentation are key in this more balanced market.

📢 Need help making sense of your next move in this market? Whether you’re planning to buy or sell, I’m here to help you navigate with clarity and confidence. Reach out for a copy of your community report!

Have feedback or questions? Please drop an email to Opel Ou, Real Estate Broker: opel@opelou.com

#TorontoRealEstate #TRREBUpdate #GTAHousingMarket #TorontoHomeBuyers #PropTechRealty #RealEstateBroker #Realtor #OpelOu

Source: TRREB – Market Watch

April 2025 – Market Statistics – Quick Overview

Residential Statistics

Commercial Statistics(Q3 2024)

Condominium Sales Statistics(Q4 2024)

Condominium Rental Statistics(Q4 2024)

* **In conjunction with TRREB’s redistricting project, historical data may be subject to revision moving forward. This could temporarily impact per cent change comparisons to data from previous years**

Source: Housing Market Chart Archive – The Toronto Regional Real Estate Board (TRREB)

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