In April 2025, home sales in the Greater Toronto Area (GTA) followed seasonal trends and rose from March but dropped 23.3% compared to April 2024. Buyers remain cautious due to high borrowing costs and economic uncertainty. Despite the decline in sales, new listings increased 8.1% year-over-year, offering buyers more options and leading to lower average prices. The average selling price fell 4.1% to $1,107,463, and the MLS® Home Price Index was down 5.4%. TRREB officials emphasized the need for more housing construction amid population growth and warned that declining pre-construction sales could strain future supply.
Market Stats Quick Overview (Data compared to April 2024):
? Total Sales: 5,601 ?23.3%
? Avg Sold Price: $1,107,463 ?4.1%
? Avg DOM: 25 days ?31.6%
? New Listing: 18,836 ?8.1%
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