Toronto Home Sales April 2025: Lowest Activity in 30 Years
- Seventy Seven Park
- Apr 9
- 3 min read
Toronto Home Sales in April 2025 dropped to their lowest level in 30 years, marking a significant turning point for the city’s real estate market. While affordability has seen some mild improvement, the slowdown in sales volume is outpacing expectations—and reshaping how buyers, sellers, and investors are engaging with the market.
Toronto Home Sales April 2025: What’s Behind the Decline?
According to the Move Smartly April 2025 Monthly Report, sales across the Greater Toronto Area (GTA) have slowed to levels not seen since the mid-1990s. This dramatic pause comes as buyers face a wave of uncertainty around economic policy, inflation, and the broader global outlook.
Key Indicators:
Detached inventory has reached a 15-year high
Condo listings climbed to 8,659 active units, more than double the 10-year average
Median prices for both houses and condos have fallen over 4% for the second consecutive month
The result? Buyers are in no rush. Sellers are adjusting to longer listing times, fewer offers, and more aggressive negotiations.
A Buyer’s Market—But Not a Free-For-All
While the narrative of a “buyer’s market” is circulating, it’s more nuanced. Yes, supply is up and prices are down, but the buyers who are active today are cautious and strategic.
For the first time in years, negotiation leverage has shifted. Sellers who are clinging to peak pandemic-era pricing are struggling to generate interest, while listings that are priced right, professionally presented, and move-in ready are still moving—albeit more slowly.
Reading the Signs for the Rest of 2025
Much of this downturn hinges on macroeconomic factors. Trade friction with the U.S., volatile equity markets, and high borrowing costs are all playing a role. Without a material improvement in the broader economic outlook, expect continued softness in the market over the next quarter.
However, there is room for optimism:
Rate cuts are expected this spring or summer
Employment remains strong
Housing policy is top-of-mind ahead of the federal election
If confidence returns to the market—particularly around job security and inflation stability—we could see a modest rebound in the second half of 2025.
Metric | April 2024 | April 2025 | Year-over-Year Change |
Total Home Sales | 6,520 | 5,011 | ↓ 23.1% |
New Listings (All Types) | 13,420 | 17,263 | ↑ 28.6% |
Active Detached Listings | 5,600 | 9,200 | ↑ 64.3% |
Active Condo Listings | 3,728 | 8,659 | ↑ 132.3% |
Median Home Price | $1,225,000 | $1,175,000 | ↓ 4.1% |
Median Condo Price | $665,000 | $635,000 | ↓ 4.5% |
What This Means for You
For buyers:
Now is a rare moment to act from a position of strength. More listings. More time. Less competition. If you’ve secured financing, the next few months could offer real opportunity.
For sellers:
Strategy matters more than ever. Pricing with precision, staging properly, and understanding the market psychology are all essential to success in today’s climate.
For investors:
This is a moment to watch and wait—or selectively acquire assets that align with your long-term goals. With softening prices and elevated supply, patient capital may find value.
Want guidance on how to move in this market?
Whether you're buying, selling, or just planning ahead, our team at Seventy Seven Park is here to provide expert insight and strategic support.
Seventy Seven Park
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