April Real Estate Market Update – What You Need to Know

 More Homes on the Market
There were 8.1% more new listings than last year — a total of 18,836 homes hit the market. That means more choice for buyers.

Prices Have Eased
The average home price in the GTA dropped to $1,107,463, down 4.1% compared to April 2024.

What This Means for Buyers
With prices coming down and borrowing costs lower, monthly mortgage payments are more manageable. Buyers took advantage of this, negotiating better deals and driving prices down across different home types.

What’s Causing Caution?
Some buyers are waiting to see how things shake out after the federal election — especially around Canada’s trade relationship with the U.S. A stronger relationship could boost consumer confidence and push the market up again.

Thinking of Buying or Selling?
Now’s a great time to make a move before everyone jumps in.

Let’s connect and talk about what this market means for you.