Home Trends From Ernie Ward

Ernie Ward

GTA REALTORS® RELEASE MARCH STATS OAKVILLE MISSISSAUGA

AVG. SALE PRICE Single Family Dwelling $2,032,729

AVG. SALE PRICE Condo/Townhouse $903,278

AVG. SALE PRICE Single Family Dwelling $1,440,838

AVG. SALE PRICE Condo/Townhouse $764,478

ACTIVE LISTINGS 1,346

DAYS ON MARKET 27

ACTIVE LISTINGS 2,391

DAYS ON MARKET 25

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. “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. Source: Toronto Regional Real Estate Board | Market values stated are of the average of Toronto and surrounding region. 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.

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