Unlock the April GTA Market: Expert Insights Inside
- Eric NI
- May 9
- 2 min read
Here's a concise overview of the Greater Toronto Area (GTA) real estate market for April 2025, based on the latest insights from the Toronto Regional Real Estate Board (TRREB).
What's Happening in the Market?
Sales Activity: Home sales in April showed a seasonal uptick compared to March. However, the total number of sales (5,601) was down by 23.3% compared to April 2024. This suggests that many potential buyers are exercising patience, likely awaiting more favorable borrowing costs and a clearer economic outlook.
Listings on the Rise: We saw a significant increase in new listings, with 18,836 properties coming onto the market in April. This is an 8.1% increase year-over-year, providing more options for those looking to purchase.
Price Adjustments: The MLS® Home Price Index Composite benchmark saw a decrease of 5.4% compared to April of last year. Similarly, the average selling price in the GTA for April 2025 was $1,107,463, a 4.1% dip from April 2024. On a month-over-month seasonally adjusted basis, the average selling price also trended lower.
Buyer's Advantage: With historically elevated inventory levels, buyers currently have substantial choice. This has led to more negotiation room on purchase prices, contributing to the observed dip in average prices.
Key Takeaways for Buyers and Sellers:
For Buyers: The current market presents more options and potentially more negotiating power due to increased inventory and moderated prices. Lower prices, potentially combined with future decreases in borrowing costs, could improve affordability.
For Sellers: While prices have adjusted downwards compared to last year, the market is still active. An increase in listings means that strategic pricing and effective marketing are crucial to stand out.
Looking Ahead:
TRREB notes that preconditions for a housing rebound are in place once economic confidence is restored. Factors like the evolving trade relationship with the United States are being closely watched, as positive developments could boost consumer confidence and market activity.
While current resale housing supply is up, there's an ongoing focus on the need for more new home construction to meet future demand driven by population growth and immigration.
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