The Greater Toronto Area (GTA) real estate market saw a sharp slowdown in April 2025, with home sales falling 23.3% year-over-year, according to the latest report from the Toronto Regional Real Estate Board (TRREB). If you're a homeowner, buyer, or investor, this development could significantly impact your next move in the GTA housing market.
At MariaHomes.ca, we’re committed to breaking down the latest trends to help you make informed decisions in this dynamic real estate landscape.
What’s Behind the April 2025 Sales Drop?
In April 2025, 5,601 homes were sold, compared to 7,302 in April 2024, marking one of the largest year-over-year declines seen in recent years. While this news might sound alarming, it’s important to understand the bigger picture.
Economic uncertainty, ongoing post-election adjustments, and changing buyer psychology are creating a "wait-and-see" sentiment across the GTA. According to TRREB President Elechia Barry-Sproule, many households are closely watching the evolving trade relationship between Canada and the U.S. for signs of economic stability.
Listings Are Up, But So Is Inventory
Despite the drop in sales, new listings rose 8.1% in April, reaching 18,836 properties across the GTA. However, what’s even more striking is the 54% increase in active listings, now sitting at 27,386 units compared to just 17,783 a year ago.
“Inventory levels remained elevated historically in April, pointing to substantial choice for households looking to purchase a home in the GTA.”
— Jason Mercer, TRREB Chief Market Analyst
For buyers, this means more options and stronger negotiating power. For sellers, it’s a reminder to price competitively and ensure your home stands out with professional marketing, staging, and a targeted digital strategy—something we specialize in at MariaHomes.ca.
Home Prices Are Softening
With more inventory and subdued demand, home prices are seeing modest declines:
-
Average selling price: $1,107,463 (down 4.1% YoY)
-
Composite benchmark price: Down 5.4% YoY
This shift is creating a more balanced market, offering new opportunities for first-time buyers and investors who may have been priced out in recent years.
Property Type Breakdown: Condos Hit Hardest
All property types experienced a drop in sales last month:
-
Condo sales: Down 30.4%
-
Townhouses: Down 22.9%
-
Detached homes: Down 21.7%
-
Semi-detached: Down 10%
While condos saw the steepest drop, this also signals a possible window of opportunity for condo investors, especially as affordability improves in urban areas like Toronto.
City of Toronto vs. Rest of the GTA
The City of Toronto saw 2,129 sales in April 2025, down 17.7% from last year. Meanwhile, surrounding areas in the GTA saw an even larger 26.4% decline, with only 3,472 sales recorded.
This divergence suggests that while urban centers are softening, suburban markets may be feeling the effects of higher inventory and economic uncertainty even more acutely.
What’s Next? Are We Headed for a Rebound?
TRREB experts believe the foundation for a market rebound is forming, with more listings, softening prices, and growing immigration. However, a full recovery likely hinges on one thing: restored consumer confidence.
“If our trade relationship with the U.S. moves in a positive direction, we could see an uptick in transactions driven by improved consumer confidence and a market that is both more affordable and better supplied.”
— Elechia Barry-Sproule, TRREB
What Should Buyers & Sellers Do Right Now?
For Buyers:
Now may be one of the best times in recent memory to enter the market. With high inventory, less competition, and better pricing, you can be more selective and negotiate from a position of strength.
For Sellers:
Proper pricing and presentation are crucial in a buyer’s market. Leverage professional staging, digital marketing, and local expertise to get your home noticed. At MariaHomes.ca, we specialize in helping sellers succeed in any market conditions.
Final Thoughts from MariaHomes.ca
The GTA real estate market is undergoing a period of correction and recalibration. While April’s 23% drop in sales may seem daunting, it also presents a unique moment of opportunity—especially for well-informed buyers and strategic sellers.
Whether you're planning to buy, sell, or invest in GTA real estate, now is the time to act smartly. Let’s talk about how we can help you take advantage of today’s market conditions with a custom strategy tailored to your goals.
Ready to make your move?
Contact Maria Ho at 416-858-9006 today for your free, no-obligation consultation. Let’s navigate the market together—with confidence.