Market Watch
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Rocky Li

Realtor
Dream Home Realty Inc., Brokerage Cell: 416-567-3688Office: 905-604-6855

Market Watch(April 2025)

Please note: a number of new client boards have been added over the last year. Many of these boards' Members trade within the Greater Toronto Area and broader Greater Golden Horseshoe regions. As a result, historic data have been updated to reflect the addition of these boards' listings and transactions. This means historic data have changed relative to previously published static reports.

April home sales followed the regular seasonal trend with an increase relative to March. However, total residential transactions in the Greater Toronto Area (GTA) were
down compared to the same time last year, as potential buyers continue to wait for lower borrowing costs and for certainty about the trajectory of the economy.

“Following the recent federal election, many households across the GTA are closely monitoring the evolution of our trade relationship with the United States. If this relationship moves in a positive direction, we could see an uptick in transactions driven by improved consumer confidence and a market that is both more affordable and better supplied,” said TRREB President Elechia Barry-Sproule.

Inventory levels remained elevated historically in April, pointing to substantial choice for households looking to purchase a home in the GTA. Buyers took advantage of this choice when negotiating purchase prices, which resulted in a lower average price across market segments compared to last year. Lower prices coupled with lower borrowing costs translated into more affordable monthly mortgage payments.

* Months of Inventory:
  Calculated using a 12-month moving average(Active listings/average number of sales in preceding 12 months.)
* Home Price Index:
  Index for benchmark model homes average price in January 2005 is 100
* Average Listing Days on Market (Avg. LDOM):
  refers to the average number of days sold listings were on the market.
* Average Property Days on Market (Avg. PDOM):
  refers to the average number of days a property was on the market before selling irrespective of whether the property was listed more than once by the same combination of seller and brokerage during the original listing contract period.
* Active listings:
  Available listings at the end of the last day of the month/period being reported.
* Past monthly and year-to-date figures are revised on a monthly basis.

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