The Greater Toronto Area (GTA) experienced a significant decline in home sales, with transactions falling by 23.3 per cent in April 2025 compared to the same month in the previous year. According to the Toronto Regional Real Estate Board (TRREB), there were 5,601 homes sold in April 2025, a noticeable drop from the 7,302 homes sold in April 2024. However, there was a slight increase of 1.8 per cent in sales from March 2025, when seasonally adjusted figures were taken into account.
In April 2025, the GTA saw 18,836 new properties listed, marking an increase of 8.1 per cent compared to the same period the previous year. This rise in inventory highlights an effort to keep up with demand amid the fluctuating market conditions characterized by uncertainty over the economy.
TRREB President Elechia Barry-Sproule noted that the recent federal election results could influence the trade relationship between Canada and the United States. If this relationship improves, there may be an increase in home sales due to enhanced consumer confidence. Coupled with a market that is becoming increasingly affordable and better supplied, this could create a more positive outlook for potential buyers.
The average selling price of homes in the GTA reflected a decrease of 5.4 per cent year-over-year, landing at $1,107,463 in April 2025. Additionally, the composite benchmark price, which aims to represent a typical home in the region, experienced a decline of 4.1 per cent compared to the previous year.
Active listings reached 27,386 in April 2025, showing a substantial increase of 54 per cent from the 17,783 units available in April 2024. This surge in active listings may indicate a shift in the real estate market dynamics, with more homes becoming available for sale as buyers navigate through economic uncertainties.
This combination of declining sales figures and increasing inventory levels raises important questions about the health of the real estate market in the Greater Toronto Area. As market conditions continue to evolve, the ability for buyers and sellers to adapt to these changes could determine future trends in home sales.
