April 2025 has brought a flood of headlines about the Toronto real estate market — and most of them paint a grim picture. Reports warn of sales dropping, listings surging, and buyers pulling back. But if you take a closer look, the real story is much more complex.
This post breaks down what’s actually happening in Toronto real estate and why the numbers may not be as bad as they seem.
The Headlines vs. The Reality
Many media articles focus on overall sales numbers across the Greater Toronto Area (GTA), showing that activity has slowed compared to last year. Sales across the GTA were down about 23% compared to April 2024, and active listings rose by over 50%.
However, focusing only on these headline numbers misses what’s happening in Toronto proper — where the city is experiencing its highest sales numbers so far in 2025.
In January, Toronto recorded around 1,400 sales; by April, that number had climbed to 1,900, the strongest monthly total this year. Average home prices also rose significantly, from $800,000 in January to $930,000 in April.
Why the GTA Numbers Have Shifted
One important reason the GTA statistics look different this year is that several new regional boards have been added to the MLS system. This expanded data set includes areas like Northumberland, Ottawa, Oxford, and others, changing the baseline when comparing current numbers to past reports.
When you separate Toronto’s data from these broader GTA numbers, the picture becomes clearer — and in many cases, more encouraging.
How Different Property Types Are Performing
Here’s how different parts of the Toronto market are holding up:
What This Means for Buyers and Sellers
If you’re buying:
If you’re selling:
Looking Ahead
With a late Easter and an election behind us, the spring market could shift momentum into May and June. While the market is still working through challenges, the data suggests a more balanced and active environment than the headlines might suggest.
Whether you’re planning to buy or sell in 2025, the key takeaway is clear: it’s essential to understand the specific numbers for your area and property type, rather than relying solely on broad, negative headlines.
This post breaks down what’s actually happening in Toronto real estate and why the numbers may not be as bad as they seem.
The Headlines vs. The Reality
Many media articles focus on overall sales numbers across the Greater Toronto Area (GTA), showing that activity has slowed compared to last year. Sales across the GTA were down about 23% compared to April 2024, and active listings rose by over 50%.
However, focusing only on these headline numbers misses what’s happening in Toronto proper — where the city is experiencing its highest sales numbers so far in 2025.
In January, Toronto recorded around 1,400 sales; by April, that number had climbed to 1,900, the strongest monthly total this year. Average home prices also rose significantly, from $800,000 in January to $930,000 in April.
Why the GTA Numbers Have Shifted
One important reason the GTA statistics look different this year is that several new regional boards have been added to the MLS system. This expanded data set includes areas like Northumberland, Ottawa, Oxford, and others, changing the baseline when comparing current numbers to past reports.
When you separate Toronto’s data from these broader GTA numbers, the picture becomes clearer — and in many cases, more encouraging.
How Different Property Types Are Performing
Here’s how different parts of the Toronto market are holding up:
- Detached homes: Sales have jumped since March, with inventory tightening and making conditions more competitive. Prices have held steady, with gains since January.
- Semi-detached homes: Despite a slight dip in April prices compared to March, these homes remain highly sought after, especially in desirable neighbourhoods.
- Townhouses and row homes: Prices have seen significant increases, up nearly $200,000 since January, showing strong demand.
- Condos: While condo listings are high — about 6,300 units — and sales slightly down compared to March, the average sale price has remained steady at around $710,000. In Toronto’s downtown core, sales are rising month over month, reducing the months of inventory.
What This Means for Buyers and Sellers
If you’re buying:
- The condo segment may offer the most choice and negotiating power, thanks to higher inventory levels.
- For those looking at semi-detached or detached homes, particularly in areas like Hyde Park, Leslieville, or the Danforth, expect competition and multiple-offer situations.
If you’re selling:
- Knowing your comparables and presenting your home well is more important than ever.
- Pricing correctly for today’s market can make the difference between a quick sale and sitting on the market.
Looking Ahead
With a late Easter and an election behind us, the spring market could shift momentum into May and June. While the market is still working through challenges, the data suggests a more balanced and active environment than the headlines might suggest.
Whether you’re planning to buy or sell in 2025, the key takeaway is clear: it’s essential to understand the specific numbers for your area and property type, rather than relying solely on broad, negative headlines.
