Great Toronto Area
Apr 2025 Update
GTA
4/25/20251 min read
Greater Toronto Area Housing Market: March 2025 Overview
The GTA real estate landscape revealed a tug-of-war between cautious demand and surging supply, with prices stabilizing modestly as inventory hit historic highs.
Price Trends
Average Home Price: $1,093,254
**-2.5% year-over-year** (vs. March 2024)
**+0.8% month-over-month** (vs. February 2025)
Inventory Surge
Active Listings: 23,462
**+20% month-over-month**
**+88% year-over-year** (highest March total in 16 years)
New Listings: 17,263 (+43% from February), signaling heightened seller urgency.
Sales Activity
Homes Sold: 5,011
**+24% month-over-month** (seasonal rebound)
**-24% year-over-year** (persistent buyer caution)
Key Dynamics
Seller Momentum Outpaces Demand: The record influx of listings—driven by fears of U.S. trade volatility and shifting immigration policies—has tilted the market toward buyers, despite modest monthly price gains.
Buyer Hesitation: While sales rose seasonally, the 24% annual decline underscores lingering economic uncertainty, with purchasers delaying decisions amid macroeconomic headwinds.
Price Vulnerability: The swelling inventory-to-sales ratio suggests downward pressure on prices could intensify unless demand rebounds sharply.
Outlook
The GTA market sits at a crossroads: sellers are racing to list properties ahead of potential policy shifts, while buyers await clearer signals on interest rates and trade stability. This imbalance may fuel a buyer’s market in spring 2025, with negotiation leverage shifting away from homeowners.
