GTA home sales fell more than 20% in April, real estate board says

Sammy Hudes · The Canadian Press

· Posted: May 06, 2025 12:05 PM EDT | Last Updated: 6 minutes ago

Home income successful the Greater Toronto Area were down 23.3 per cent successful April amid continued uncertainty implicit the economy.

The Toronto Regional Real Estate Board (TRREB) said 5,601 homes were sold past month, compared with 7,302 successful April 2024, portion income were up 1.8 per cent from March connected a seasonally adjusted basis.

The committee said 18,836 caller properties were listed successful the GTA past month, up 8.1 per cent compared with past year.

With inventory continuing to emergence and prices falling, the preconditions for a lodging rebound are successful place, the committee said, but that apt won't hap until economical assurance is restored.

"Following the caller national election, galore households crossed the GTA are intimately monitoring the improvement of our commercialized narration with the United States," said TRREB president Elechia Barry-Sproule successful a news release.

"If this narration moves successful a affirmative direction, we could spot an uptick successful transactions driven by improved user assurance and a marketplace that is some much affordable and amended supplied," she said.

Active listings up 54% compared to past April: board

The mean selling terms decreased 4.1 per cent compared with a twelvemonth earlier to $1,107,463, and the composite benchmark price, meant to correspond the emblematic home, was down 5.4 per cent year-over-year.

Active listings deed 27,386 past month, up 54 per cent from April 2024's inventory of 17,783 units.

"Inventory levels remained elevated historically successful April, pointing to important prime for households looking to acquisition a location successful the GTA," said TRREB main accusation serviceman Jason Mercer successful a news release.

"Right now, resale lodging proviso is expanding successful the GTA. However, arsenic request picks up and the colonisation continues to turn with immigration, we volition request to physique much homes."

In the City of Toronto, determination were 2,129 income past month, a 17.7 per cent alteration from April 2024. Throughout the remainder of the GTA, location income fell 26.4 per cent to 3,472.

All spot types saw less income successful April compared with a twelvemonth agone passim the region.

The steepest diminution was successful the condo market, wherever 30.4 per cent less properties sold, followed by townhouses with 22.9 per cent less income and detached houses signaling a 21.7 per cent decrease. There were 10 per cent less income of semi-detached homes.