The April 2025 stats are in, and if you’ve been watching the market closely, you already know things feel a little different out there.

Here’s a quick breakdown of what’s going on:

• The average selling price in the GTA landed at $1,107,463—down 4.1% from April 2024.

• 5,601 homes sold last month, which is a 23.3% drop in year-over-year sales.

• New listings jumped to 18,836, an 8.1% increase compared to last April.

• Active listings hit 27,386, which is a whopping 54% increase in inventory.

• Homes are sitting on the market longer too—25 days on average, up 31.6% from last year.

 

So what does all that actually mean?

For buyers, this is probably the most breathing room we’ve seen in years. Prices are softening, there’s more selection, and if we get the interest rate cuts that economists keep hinting at, it could unlock a whole new wave of activity. The ball’s starting to shift into buyers’ court—but that window might not stay open forever.

Sellers, on the other hand, need to be sharp. Gone are the days of multiple offers on day one just because your neighbour’s place sold last year. If you’re planning to list, the right pricing strategy and marketing plan are more important than ever.

Now, a lot of people are still holding off. And I get it—between inflation, interest rate uncertainty, and the upcoming election, there’s a lot to think about. But markets don’t wait forever. Once the economic dust settles, we could see the pendulum swing quickly in either direction.

Bottom line? Whether you’re buying, selling, or just trying to make sense of it all, timing matters—and it’s not one-size-fits-all.

If you’ve been thinking about making a move this spring , let’s chat. I’ll help you figure out what makes the most sense for you—no pressure, just honest advice.