Podcast 96: 6 Things I'm Seeing In This Crappy Market (April 2025 GTA Stats)
There’s no sugar-coating it—the Toronto market’s been rough.
April 2025 numbers from TRREB show sales down 23.3% year-over-year and the average price dipping 4.1%. That’s a tough headline. But here’s the part people are missing: behind the negative press, there’s a lot of good news—if you know where to look.
Let’s break it down:
1. Sales Are Down, But Buyers Aren’t Gone
Yes, the number of transactions has dropped, but that doesn’t mean buyers have disappeared. The ones still out there are cautious, strategic, and focused. If you’re selling, know that today’s buyers are serious—just don’t chase the market down.
2. Inventory Is Up—A Win for Everyone
We saw over 18,000 new listings hit the market in April, up 8.1% from last year. That means more options, fewer bidding wars, and time to actually think through a purchase. For sellers looking to buy again, this also works in your favour.
3. Prices Are Softening
The average home price is still over $1.1M, but it’s come down. That shift may not feel massive, but for buyers it’s meaningful. Entry-level homes and rare, high-demand properties are still moving quickly—especially if they’re priced right.
4. Monthly Affordability Is Improving
Rates have come down from their peak. Many buyers can now lock in fixed rates around 4%, a big shift from the 6–8% range we saw recently. Lower rates = lower payments = less stress on your budget.
5. Negotiating Power Is Back
Conditions are back on the table: financing clauses, inspections, even longer closings. This market finally allows buyers to do proper due diligence—something we haven’t seen in years.
6. This Is a Window—Before the Next Climb
Historically, Toronto’s market falls slowly, but rises quickly. When buyer confidence returns (and it will), things tend to shift fast. This softer period won’t last forever.
The Bottom Line
If you’ve been on the sidelines—whether you’re a first-time buyer, a move-up family, or an empty nester looking to downsize—this market has real opportunities.
It’s not about predicting the bottom. It’s about planning with intention.
📅 Let’s talk about your strategy—book a quick call here.
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