April 2025 Toronto Real Estate Market Update

The April 2025 Toronto real estate market stats are in, but before my usual deep dive into what the numbers really mean, I wanted to talk about something that’s happening in the market right now that not many are discussing. Opportunity.

Why isn’t anyone talking about what a huge opportunity there is for buyers right now? I remember the days of the headlines screaming about overpriced homes, bidding wars, offer nights, and buyers simply being priced out of the market.

So now that pricing is down, inventory is high, and there is no pressure to buy, why aren’t we hearing more about opportunity? One of the key rules in real estate is that you make money on the buy, not the sell. And boy, is it time to put this into practice.

I’ve been working with a huge number of buyers, and guess what the one thing they all have in common is? They’re buying for the first time. And I’ve been saying this for the past few months, and I continue to say it – NOW is one of the best times in Toronto Real Estate for first-time buyers.

The biggest advantage these clients have is that they don’t have to wait to sell their current home to purchase. This puts first-time buyers well ahead of the competition, who are likely waiting to sell to buy their next home.

And a piece of advice – if you’re currently trying to decide if you should buy or sell first, my recommendation is to sell first. With inventory levels high, motivated sellers out there, and pricing working in your favour, you’re buying power will go a long way in comparison to the small amount you may be taking off your list price to get your house or condo sold.

The Overall Toronto Market in April 2025

The one common theme across the board in the April numbers is that pricing is down in each segment, in Toronto and across the GTA. ,

Now one thing to note is that the media likes to lump all of the GTA into one big category, which I wholeheartedly disagree with. Toronto will show a very different picture than, say, Brampton or Milton. Central Toronto is where I focus my analysis, but again, the theme is clear – pricing is down year-over-year.

Rather than diving info each segment, I wanted to take a different approach this month and look at the overall market, because there are several factors that had an impact on Toronto Real Estate as a whole.

First, we were in an election month. Historically, we can see that anytime there is a Federal Election, the housing market comes to a pause during that time of year. Many buyers and sellers paused all efforts while we voted on the future of the country.

Housing policies and platforms were a major point in many votes, and with that in mind, many wanted to wait and see if we would have a new leadership party or if we would continue with the current party.

We also had a Bank of Canada rate announcement, which was a hold (no change), as expected. Historically, whenever an election is called and voting is scheduled, the Bank of Canada takes a pause on any changes while the election plays out.

Then we have all of the tariff talk, which hit a high during April. This caused many buyers and sellers to continue their wait-and-see strategy, and honestly, who can blame them? There is a lot happening right now and most will not want to make any big moves until the dust settles a bit.

But with that said, homes and condos continue to list and be sold each and every day. I’m seeing listings with offer nights go into multiples, and I’m even seeing strategically priced condos sell quickly.

Change is on the horizon, and we can see that proof in the months of inventory available within each segment. It wasn’t too long ago those inventory numbers were through the roof, and we’re slowly starting to creep into balanced markets from buyer’s markets, and even stepping foot into a seller’s market with semis and rows.

My advice is to pay attention to those inventory numbers. As those start to dip, we’ll soon see pricing stability and even some growth over the next couple of months.

Real Estate isn’t a day trading asset, and analysis needs to go deeper to show the real picture. Most don’t buy and sell homes within 12 months – it’s good to examine the numbers to predict trends, but don’t think your home is “worth less” now than it was a year ago.

You need to examine your buying and selling situation and make decisions based on that. Not on headlines. Making money on the buy is far more profitable than getting an extra $25k for your home.

If you need some good analysis on your buying and selling strategy, let’s set up a time to chat. I’m happy to show you how I’ve helped hundreds of clients take advantage of the current market and make saving on the buy the right strategy to get ahead, and get you into a new home faster than you think.

Detached Homes – April 2025

New Listings are up 22.8% year-over-year
Quantity Sold is up 2.6% year-over-year
Detached Home Prices are down 8% year-over-year
Days on the Market are up to 20 from 14 year-over-year

As of the end of April, there was just over 2 months of inventory on the market, down from 2.8 months at the end of March.

Semi-Detached & Row Homes – April 2025

New Listings are up 34.3% year-over-year
Quantity Sold is up 7.2% year-over-year
Semi & Row Home Prices are down 6% year-over-year
Days on the Market are down to 11 from 12 year-over-year

As of the end of April, there was 1.25 months of inventory on the market, unchanged from the end of March.

Toronto Condos in April 2025

New Listings are down 4.06% year-over-year
Quantity Sold is down 25.4% year-over-year
Condo Prices are down 8% year-over-year
Days on the Market are up to 27 from 25 year-over-year

As of the end of April, there were 5.3 months of inventory on the market, down from 5.75 months at the end of March.

Working with TRB

Now besides crunching all of these numbers for my clients – you may or may not know (but hopefully you do) that I help many clients buy and sell real estate daily. I am the Founder and Lead Broker of Toronto Realty Boutique and I specialize in listing homes and condos, representing buyers of all budgets, I also do a lot of work in the Toronto pre-construction market.

You can check out some of my featured listings that are currently active here:

Toronto Realty Boutique Listings – Homes & Condos for Sale

If you’re thinking about buying, selling, or investing and want to discuss strategies, pricing, timing, or anything else, simply complete my form on this page so I can get in touch right away. I’d be happy to answer any questions about the April 2025 Toronto real estate numbers you have or about the Toronto market in general.

~Romey Halabi
Founder & Lead Broker, Toronto Realty Boutique
416-999-1240