05/07/2025
GTA Real Estate Market Update – April 2025
Spring is here, and so is a shift in the housing market. While home sales in the GTA saw a boost from March, activity remains lower year-over-year as buyers await interest rate cuts and economic clarity.
April saw 5,601 sales (down 23.3%) with an average price of $1,107,463 (down 4.1%). Condo sales were hit hardest, with a 30% drop in volume and a 6.9% price decline. With a record number of new condos coming in 2025 and paused projects in the pipeline, today’s buyer’s market could look very different in a few years.
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