April didn’t just hint at a shift in the Greater Toronto Area (GTA) housing market, it screamed it.
We’re seeing a major pivot: sales are slowing, inventory is flooding in, and prices are softening just enough to open the door for savvy buyers. Whether you’re looking to buy, sell, or invest, this is the moment to understand what the numbers are really saying.
Sales Slipped Sharply: A 23.3% Year-Over-Year Drop
April 2025 saw 5,601 homes sold across the GTA, down from 7,302 in April 2024. That’s a staggering 23.3% decrease in year-over-year sales.
Why the decline?
• Higher borrowing costs keeping buyers cautious
• More homes to choose from, giving buyers breathing room
• Lingering economic uncertainty that’s keeping wallets closed
Buyers aren’t rushing and that’s changing the playing field.
Listings Surge: A Buyer’s Buffet
Despite fewer sales, new listings shot up 8.1%, reaching 18,836 in April. Even more dramatic, active listings ballooned by 54%, from 17,783 to 27,386.
This shift means more choices for buyers and more pressure on sellers. If you’re entering the market now, you’re walking into one of the most balanced playing fields we’ve seen in a while.
Price Adjustments: A Subtle But Strategic Dip
The average selling price across the GTA dipped to $1,107,463, a 4.1% drop from last April’s $1,155,219.
But let’s be clear, this isn’t a crash. It’s a correction. A soft one.
Some communities are still commanding premium prices:
- King: $1,821,545
- Aurora: $1,332,712
- Richmond Hill: $1,302,226
While others are seeing more budget-friendly averages:
- Georgina: $823,589
- Durham Region: $913,500
- Simcoe County: $934,913
This pricing spread gives buyers room to choose wisely based on their goals, whether it’s a dream estate or a strategic investment.
Where the Action Happened in April
Top-performing regions by sales:
- City of Toronto: 2,129 homes sold | Avg. price: $1,144,977
- Peel Region: 969 homes sold | Avg. price: $998,207
- York Region: 894 homes sold | Avg. price: $1,256,615
- Durham Region: 769 homes sold | Avg. price: $913,500
Interesting insight: Toronto Central had over 1,000 sales but a median price of just $800,000, suggesting high interest and affordability are intersecting here.
Homes Are Sitting Longer, But That’s a Good Thing (For Buyers)
- Average Listing Days on Market (LDOM): 25 days (↑ 31.6%)
- Average Property Days on Market (PDOM): 33 days (↑ 22.2%)
Sellers are no longer in the driver’s seat. This shift gives buyers time to evaluate, negotiate, and make smarter choices.
The Market Mood: What You Should Know Right Now
For Buyers
✔ More inventory = more negotiating power
✔ Softer prices give you leverage
✔ Take your time—but not too much. This window might not stay open forever
For Sellers
✔ Strategic pricing is critical – don’t overreach
✔ Highlight your property with standout marketing
✔ Consider buyer incentives to close deals faster
Looking Ahead: Spring 2025 Forecast
The big questions we’re watching:
- Will interest rates drop? A decrease could reignite buyer demand
- Will buyer activity bounce back this spring? It’s possible, but not guaranteed
- Will listings continue rising? More listings could keep prices in check
Bottom Line: The Market Is Evolving – Are You Ready?
This isn’t the 2021 market. It’s not even the 2024 market.
It’s a more level, more strategic environment where both buyers and sellers can win, if they’re informed and flexible.
📞 Ready to move smart in this shifting market?
Talk to The Daryl King Team today for expert guidance, tailored strategies, and insider insights that help you thrive, whether you’re buying, selling, or investing.
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