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Toronto Home Sales Show Modest Rebound in April

• 25, Feb 2025

In April 2025, the Greater Toronto Area (GTA) real estate market exhibited signs of a modest rebound, offering a glimmer of optimism amid ongoing economic uncertainties.

Sales Activity Shows Slight Uptick

Seasonally adjusted home sales in the GTA increased by 1.8% from March to April, totaling 4,267 units. However, when compared to April 2024, sales were down 23.3%, indicating that the market has yet to fully recover from previous declines.

Average Home Prices Continue to Decline

The average selling price in the GTA decreased by 0.7% month-over-month to C$1,065,687, marking the fifth decline in the past six months. Year-over-year, this represents a 4.1% drop, reflecting the cautious stance of buyers amid economic uncertainties.

Inventory Levels and New Listings

New listings in April saw a slight decrease of 0.7% from March but were up 8.1% compared to April 2024. This increase in listings suggests that sellers are re-entering the market, potentially in anticipation of improved conditions.

Market Outlook

TRREB President Elechia Barry-Sproule noted that the recent federal election and ongoing trade discussions between Canada and the United States are influencing buyer confidence. Improved trade relations could bolster consumer confidence and stimulate the housing market.