Real Estate Market Report | Toronto | April 2025
Supply Surges, Buyers Step Back
With the looming threat of US tariffs on the horizon, homebuyers are looking to see what the final implications may be – the good news is that selling with Bōde mitigates that risk entirely by maximizing your equity, you’ll outperform traditional methods of buying and selling.
We help provide home buyers and sellers with the data they need to be successful. When you have access to accurate and relevant data, you can be more confident in setting the price of your home and selling it or buying at the right price.
With many important factors to consider (what kind of home you have, what community etc.), it’s important to look specifically at what the housing market is doing in your neighbourhood.
Bōde sellers are more successful and actually make more money, on average, than the rest of the market. We are also here to make sure you have the information you need to make the decisions that are right for YOU!
So what's happening in the Toronto real estate market as of April 2025?
Let’s start with a Macroeconomics view
To understand what’s happening in the real estate market you have to look at supply and demand.
The best proxies for supply and demand are:
Supply
New supply: New Listings (i.e. the number of homes recently listed for sale)
Total supply: Inventory (i.e. the total number of homes listed for sale)
Demand
Sales (i.e. the number of homes recently sold)
Supply & Demand
Months of Supply (i.e. the number of months it would take to sell all current inventory at the current rate of sale)
These metrics are the best indicators of the health of the real estate market. Let’s look at what they show us.
Overall Toronto Market
Toronto is experiencing a dramatic shift in market dynamics, with sales down 40% from the five-year March average, while inventory has surged 71%, pushing months of supply up 125%. Yet, somewhat surprisingly, benchmark prices are up 10.94% year-over-year, reaching $1,059,500, with a sharp 4.31% month-over-month increase. This disconnect suggests that some buyers are still willing to pay premium prices, but the sheer volume of available inventory points toward a looming market recalibration. If demand doesn’t catch up soon, expect this early price momentum to flatten in the coming months.
Toronto's Detached Homes
Detached homes in Toronto are facing serious headwinds, with sales down 35% and inventory up 71%, contributing to a 124% increase in months of supply. This excess has led to a notable 8.13% price drop month-over-month, and a 0.65% decline year-over-year, dragging the benchmark down to $1,642,700. Despite a 4% rise in new listings, buyers are holding off, likely due to affordability constraints and rate sensitivity. This segment, long seen as a symbol of Toronto’s housing strength, may now be ground zero for price corrections in 2025.
Toronto's Condominiums
Toronto’s condo market is wading through oversupply, with sales down 44%, inventory up 72%, and months of supply ballooning 132%. Despite these headwinds, prices rose 2.72% month-over-month, even as they fell 1.63% year-over-year, landing at $672,100. The modest bounce may reflect renewed interest from investors and first-time buyers, especially with expectations that rates may stabilize. Still, buyers now have the upper hand. Without a rebound in sales activity, further price softness is likely in Q2.
Toronto's Semi-detached homes
Semi-detached homes are showing relative resilience, with sales down 27%, inventory up 64%, and months of supply rising 101%. Despite growing supply, prices have held firm, increasing 2.31% year-over-year and 1.88% month-over-month, bringing the benchmark to $1,288,200. This suggests that demand in this segment—often driven by growing families—is still outpacing other asset classes. If any part of Toronto’s market is weathering the shift well, it’s semis, offering a potential safe haven for both buyers and sellers amid wider volatility.
It’s critical to understand the dynamics in your local property market
To understand your local property market you need to look at your local data. Head over to Bōde’s new and improved Market Data dashboard, the only place where you can see all the data yourself, including being able to filter on community, property type, and price range to see exactly what’s happening where you live.
You can also see the sold price of any home that has sold in the last 2 years using Bode’s Sold Data page.
If you’re thinking about selling, take a look at how Bōde helps sellers sell for 1.3% higher prices while paying 50% less commission.
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