Real Estate Market April 2025

05 May Real Estate Market April 2025

Your April 2025 real estate market update is here! Covering Toronto, Oakville, Burlington, Hamilton and the surrounding areas.

Highlights of the real estate market from TREBB and RAHB

“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.

“Following the recent federal election, many households across the GTA are closely monitoring the evolution of our trade relationship with the United States. If this relationship moves in a positive direction, we could see an uptick in transactions driven by improved consumer confidence and a market that is both more affordable and better supplied,” said TRREB President Elechia Barry-Sproule.’

GTA REALTORS® reported 5,601 home sales through TRREB’s MLS® System in April 2025 – down by 23.3% compared to April 2024. New listings in the MLS® System amounted to 18,836– up by 8.1% year-over-year. On a seasonally adjusted basis, April home sales edged up month-over-month compared to March 2025.

The MLS® Home Price Index Composite benchmark was down by 5.4% year-over-year in April 2025. The average selling price, at $1,107,463, was down by 4.1% compared to April 2024. On a month-over-month seasonally adjusted basis, the average selling price was down.

“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.”

In April, sales in the Hamilton, Burlington, Haldimand County, and Niagara North market areas slowed to 805 units. This decline in sales represents a 26 per cent decrease compared to last April and a 46 per cent decrease below typical figures reported for April.

“Uncertainty surrounding tariffs continues to weigh on the local housing market,” says Nicolas von Bredow, Cornerstone spokesperson for the Hamilton-Burlington market area. “The influx of new listings and slower sales has caused inventory levels to climb, and we are seeing that impact on home prices to varying degrees throughout local communities. With both the provincial and federal elections behind us, we are hopeful that renewed government focus on housing could provide additional support for buyers in the coming months, improving affordability and restoring buyer confidence, paving the way toward more balanced market conditions.”

In April, 2,043 new listings were added to the market, causing the sales-to-new listings ratio to drop to 39 per cent. The increase in new listings and slower sales have escalated inventory levels, driving up the months of supply to four months—the highest figure for the month of April since 2009. Rising supply choices and weaker demand continue to weigh on home prices. In April, the unadjusted benchmark price was $803,700, down nearly one per cent from the previous month and over six per cent lower than last year’s levels. Prices are lower than last year across the region, with the most significant year-over-year monthly decline occurring in Burlington.”

Questions about buying or selling? Reach out anytime, I’d be happy to discuss the market with you!

All the latest home prices and statistics by property type and city below!

Sources for Real Estate Market Update for April 2025 : Toronto Regional Real Estate Board and REALTORS® Association of Hamilton-Burlington