APRIL 2025 UPDATE: THE GTA & DURHAM REGION REAL ESTATE MARKET
Posted by Dan Plowman on
April followed seasonal trends with a rise in sales compared to March. However, year-over-year numbers show continued buyer hesitation as many wait for further rate cuts and economic clarity following the federal election. With improved selection and signs of affordability returning, both buyers and sellers are weighing their next moves carefully.
GTA Market Insights
TRREB reported 5,601 home sales in April 2025—a 23.3% drop from April 2024. However, the number of new listings reached 18,836, up 8.1% year-over-year, providing buyers with more options. The average selling price in the GTA was $1,107,463, down 4.1% annually, and lower month-over-month as well. The MLS® HPI benchmark was also down by 5.4% year-over-year.
Buyers continued to benefit from…
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