Toronto Real Estate Market Update – April 2025

Home Sales Drop, Inventory Rises: What This Means for Buyers & Sellers Across the GTA

The April 2025 Toronto Regional Real Estate Board (TRREB) report is out, and the numbers reveal a shifting real estate landscape that savvy buyers and sellers will want to pay close attention to. While the spring season typically brings a surge of activity, this year’s market is painting a different picture — one of growing inventory, cautious buyers, and newfound opportunities.

Let’s dive into the key stats for April 2025 across the Greater Toronto Area (GTA):

Home Sales: 5,601 (↓ 23.3% year-over-year)

New Listings: 18,836 (↑ 8.1% year-over-year)

Active Listings: 27,386 (↑ 53% year-over-year)

Average Price: $1,107,463 (↓ 4.1% from April 2024)

Average Days on Market: 25 LDOM | 33 PDOM

This combination of slower sales and growing inventory signals that many buyers are still waiting on the sidelines — holding out for interest rate drops and more economic certainty. The recent federal election and ongoing questions about Canada-U.S. trade relations are also adding a layer of caution.

But here’s where it gets interesting…

Higher inventory levels mean more selection and more negotiating power. While sellers are adjusting their pricing expectations, some buyers are locking in purchases below asking — particularly in segments like detached homes and condos.

Detached Homes in Toronto: Average price down 6.8% to $1.43M

Condo Apartments: Average price down 6.1% to $710,724

Townhomes: Faring slightly better, but still down year-over-year

If you’ve been waiting for the market to “cool down,” this might be your window.

For those looking outside the Toronto core, Mississauga continues to attract attention from first-time buyers, move-up families, and downsizers. Here's a snapshot of the Mississauga market:

Average Price: $1,060,296

Home Sales: 490

New Listings: 1,656

Active Listings: 2,391

Average Days on Market: 25 LDOM | 33 PDOM

Mississauga offers strong value relative to Toronto, but it too is experiencing elevated supply and softer pricing. Buyers who know what they’re looking for — and are pre-approved — can take advantage.