Toronto Housing Market Report – April 2025
April 9, 2025 | Market Reports
Current Market Conditions
The market is evolving, and for many, this could be the golden window you’ve been waiting for! Last month, 5,011 home sales were reported, with the average selling price dipping 2.5% year-over-year. For buyers, this means more opportunity, more room to negotiate, and a real chance to finally step into the dream of homeownership.
Link below for a blog on how to Negotiate in the Toronto Real Estate World
Demand and Interest Rates
On March 12th, interest rates were reduced by another 0.25%, marking the second rate cut of 2025. Then, on April 16th, the Bank of Canada announced that it would hold its policy rate at 2.75%, mentioning concerns about inflation driven by tariffs. The Bank indicated it would wait for more inflation data before making further decisions. The interest rates remain low compared to previous years, which has resulted in more manageable mortgage payments and greater financial flexibility for Canadians. Over the past year, average borrowing costs have decreased, making monthly mortgage payments more affordable for households entering the market.
Supply of Homes
One of the most notable trends this season is the increase in housing supply. New listings are up by a significant 28.6% compared to the same time last year. This surge in inventory means buyers have more options and feel less pressure to make quick decisions. With more homes available, buyers have greater negotiating power and can be more selective in their search. If you’re a seller who needs to move in this market, it’s more important than ever to stand out. Highlight the true value of your home, show where your money was spent! Whether it’s upgrades, renovations or high-quality finishes, showcasing these features can make all the difference when buyers have so many choices.
Have any Questions: Ask us how to maximize your home’s value and showcase it to stand out in today’s market!
Market Outlook
The path ahead is looking brighter. As rates soften and inventory continues to grow, the market is moving toward a healthier balance, one that rewards both buyers ready to take a leap and sellers ready to maximize their investment. And if economic trends hold steady, we could see a renewed surge of energy and excitement across the board.
