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The April 2025 analysis of the Greater Toronto Area (GTA) real estate market highlights a significant 40.1% year-over-year increase in home sales, suggesting signs of recovery. However, the comparison is drawn against an unusually slow period the year before, which may inflate the perception of growth. A modest 6.6% rise in new listings points to tighter market conditions, as demand is beginning to outpace supply. With a sales-to-new-listings ratio of 41%, the market appears more balanced, offering opportunities for both buyers and sellers.

The average GTA home price rose by 2.6% to just over $1.1 million, aligning closely with inflation and indicating a relatively stable market. Still, price trends varied significantly by region and property type. Detached homes in central Toronto saw a 5.9% price increase due to limited inventory and strong demand, while suburban condos declined by 7.6%, reflecting affordability issues and shifting buyer interests. These regional differences show the complexity of the current market.

Average days on market rose by 24%, pointing to more cautious buyers who are exploring their options amid improved inventory and steady borrowing costs. Sellers, in turn, are adjusting to a slower pace, moving away from urgency-driven tactics. The GTA housing market seems to be settling into a healthier rhythm, supported by improved affordability and supply. Still, factors such as immigration, interest rates, and government policy will likely influence how the rest of 2025 unfolds.

Read the full article on: REAL ESTATE MAGAZINE