APRIL 2025 UPDATE: THE GTA & DURHAM REGION REAL ESTATE MARKET

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 increased inventory and negotiability, and early signs of affordability gains were visible, particularly with expectations of future rate cuts and softer prices.

Durham Region Market Highlights
Durham Region remains one of the most active and resilient markets in the GTA. April saw solid month-over-month growth in listings and sales, with some areas posting strong price increases and faster-moving properties.

Key Metrics:

• Average Sale Price: $913,500 (+0.23% from March)

• Days on Market: 19 (up from 17)

• Sales: 769 (+14.61%)

• New Listings: 2,135 (+10.22%)

Area Breakdown:

Oshawa

• Average Sale Price: $796,574 (+3.49%)

• Sales: 204 (+10.87%)

• New Listings: 550 (+3.00%)

Whitby

• Average Sale Price: $941,442 (-6.68%)

• Sales: 148 (+32.14%)

• New Listings: 403 (+9.21%)

Ajax

• Average Sale Price: $945,603 (+3.23%)

• Sales: 120 (+21.21%)

• New Listings: 289 (+12.02%)

Pickering

• Average Sale Price: $1,016,851 (+5.38%)

• Sales: 116 (+7.41%)

• New Listings: 353 (+3.52%)

Clarington

• Average Sale Price: $855,858 (-4.24%)

• Sales: 114 (-6.56%)

• New Listings: 353 (+21.72%)

What’s Driving the Market?

• Improved Affordability: Declining home prices and stable interest rates are easing monthly payment pressures.

• More Listings: A steady rise in inventory across Durham is creating more choice and leverage for buyers.

• Renewed Buyer Activity: Sales rose significantly in key areas like Whitby and Oshawa.

• Cautious Optimism: Economic and trade uncertainties post-election are keeping some buyers and sellers in a holding pattern.

Looking Ahead

For Buyers: With better affordability and more inventory, this is an excellent time to explore the market before competition potentially increases in late spring.

For Sellers: Demand is growing, especially for well-priced, move-in-ready homes. With buyers gaining confidence, now is a smart time to list.

April 2025 highlighted a balanced, evolving market in Durham Region and the broader GTA. We’ll continue to watch interest rate trends, economic confidence, and inventory levels closely as we move deeper into spring.

Stats provided by TRREB & Independent Reporting Company RE Stats Inc. Information is deemed reliable but not guaranteed and may vary by 2.5%.