April 2025 GTA Real Estate Market Update: More Choices, Strategic Opportunities

As we step deeper into the spring real estate season, April 2025 brought a familiar seasonal uptick in activity across the Greater Toronto Area (GTA). While overall sales were down compared to the same period last year, the market is showing signs of opportunity for buyers, especially those seeking to take advantage of increased inventory and softening home prices.

Sales Volume and Market Dynamics

According to the Toronto Regional Real Estate Board (TRREB), REALTORS® reported 5,601 residential sales through the MLS® System in April 2025—a 23.3% decline compared to April 2024. While this number may initially appear discouraging, it aligns with current consumer sentiment, as many potential buyers are pausing their decisions in anticipation of lower borrowing costs and improved economic certainty.

Interestingly, when comparing sales on a month-over-month basis, April did see a modest increase in transactions compared to March, suggesting that buyers are still active and watching the market closely.

More Inventory, More Opportunity

New listings in April totaled 18,836, marking an 8.1% year-over-year increase. This boost in supply means buyers now have a wider selection of homes to choose from. Elevated inventory levels have created a more competitive environment among sellers, providing buyers with greater negotiation power and more favorable conditions.

Jason Mercer, TRREB's Chief Market Analyst, noted that this increase in choice has translated into lower average sale prices and, when coupled with stabilizing borrowing costs, more affordable monthly mortgage payments for homebuyers.

Home Prices and Affordability

The MLS® Home Price Index (HPI) Composite Benchmark showed a 5.4% decrease year-over-year. Meanwhile, the average selling price for April came in at $1,107,463, down 4.1% from the same time last year. On a seasonally adjusted basis, both the number of transactions and the average sale price showed a slight dip compared to the previous month.

This pricing trend is reflective of a market recalibrating after years of record-breaking growth. It offers a strategic window for buyers who are prepared and positioned to act.

Home Price Trends at a Glance

To help you visualize the latest market data, we've included a graphic below that highlights the average home prices across the GTA this month.

Looking Ahead

With households paying close attention to macroeconomic factors, including interest rates and Canada’s trade relations, many are waiting for stronger signals before making their next real estate move. However, for buyers who are ready now, the current market offers more flexibility, less competition, and greater value.

If you're thinking of buying or selling in the GTA, now is the time to build your strategy. Connect with our team for expert advice and tailored support as you navigate the evolving real estate landscape.

To learn more about navigating today’s market contact us at info@evolvedrealty.ca or visit www.evolvedrealty.ca.