➕ Toronto’s spring market picked up slightly in April, but many buyers are still holding off. With interest rates still high and broader economic uncertainty lingering, year-over-year sales and prices continued to soften across most home types.
Economic conditions and trade relations—particularly with the U.S. following the recent federal election—are top of mind for households. If trade relations improve, increased consumer confidence could bring more buyers back into the market.
Detached and semi-detached home prices in Toronto were more affordable this April, with year-over-year declines of 6.8% and 7.2%, respectively. The condo market saw the most significant adjustment, with sales down 29.9% and the average condo price softening 7.3% to $710,724—creating new entry points for budget-conscious buyers.
These price adjustments, combined with growing inventory, are opening up opportunities for buyers who may have previously been priced out. While some are still waiting for further rate relief and economic stability, others are beginning to take advantage of improved affordability and greater selection.
For now, this remains a market where preparation, pricing, and expert guidance matter more than ever. If you’re thinking of making a move, let’s talk strategy.
Looking to buy or sell a home in Toronto? Average prices in April were as follows:
➕Detached $1,700,710 [-7% vs. 2024]
➕Semi-detached $1,266,322[+7% vs. 2024]
➕Townhouse $1,018,449 [+1% vs. 2024]
➕Condo $710,724 [-7% vs. 2024]
••••••
Data presented is for City of Toronto Only. Source: TRREB.
Economic conditions and trade relations—particularly with the U.S. following the recent federal election—are top of mind for households. If trade relations improve, increased consumer confidence could bring more buyers back into the market.
Detached and semi-detached home prices in Toronto were more affordable this April, with year-over-year declines of 6.8% and 7.2%, respectively. The condo market saw the most significant adjustment, with sales down 29.9% and the average condo price softening 7.3% to $710,724—creating new entry points for budget-conscious buyers.
These price adjustments, combined with growing inventory, are opening up opportunities for buyers who may have previously been priced out. While some are still waiting for further rate relief and economic stability, others are beginning to take advantage of improved affordability and greater selection.
For now, this remains a market where preparation, pricing, and expert guidance matter more than ever. If you’re thinking of making a move, let’s talk strategy.
Looking to buy or sell a home in Toronto? Average prices in April were as follows:
➕Detached $1,700,710 [-7% vs. 2024]
➕Semi-detached $1,266,322[+7% vs. 2024]
➕Townhouse $1,018,449 [+1% vs. 2024]
➕Condo $710,724 [-7% vs. 2024]
••••••
Data presented is for City of Toronto Only. Source: TRREB.
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