Courtesy of Amir Baxaria

Use City of Toronto Numbers

Toronto April Market Report

$1,700,710 detached DOWN 6.7% year-to-year

$710,724 condo/apartment DOWN 7.3% year-to-year

$828,911 condo/townhouse DOWN 8.4% year-to-year

AVERAGE SALE PRICES

2,129 SOLD LISTINGS 7,105 NEW LISTINGS

detached 2,021

522 condo/town.

35.1% SALES TO NEW LISTING RATIO

24 DAYS ON MARKET

4.4 MONTHS OF INVENTORY

10,563 ACTIVE LISTINGS (residential inventory)

“Inventory levels remained elevated historically in April, pointing to substantial choice for households looking to purchase a home in the GTA. Buyers took advantage of this choice when negotiating purchase prices, which resulted in a lower average price across market segments compared to last year. Lower prices coupled with lower borrowing costs translated into more affordable monthly mortgage payments,” said TRREB Chief Information Officer Jason Mercer. Statistics reflect market activity in April 2025 | Source: TRREB ® Toronto Regional Real Estate Board | Market values stated are average prices. Individual home market values will vary and are affected by factors such as location, size, interior and exterior condition. Please call to get an up-to-date evaluation of your home.

GTA REALTORS ® , May 6, 2025 – April home sales followed the regular seasonal trend with an increase relative to March. However, total residential transactions in the Greater Toronto Area (GTA) were down compared to the same time last year, as potential buyers continue to wait for lower borrowing costs and for certainty about the trajectory of the economy. GTA REALTORS ® reported 5,601 home sales through TRREB’s MLS ® System in April 2025. New listings in the MLS ® System amounted to 18,836.

Oh by the way... I am never too busy for any of your referrals.

| rltramir@yahoo.com

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