𝐍𝐄𝐖𝐒𝐅𝐋𝐀𝐒𝐇! Here are the real estate market stats you need to know for April 2025 vs. 2024 home sales in Toronto, Mississauga, Oakville, Burlington 📢
April’s real estate activity was on the sluggish side, with considerably fewer homes sold as compared to April 2024 and with more inventory on the market this year.
The Federal election, economic uncertainty and trade relations with the US were the main driving factors behind the slower home sales activity.
The current market conditions present 𝘩𝘶𝘨𝘦 𝘶𝘱𝘴𝘪𝘥𝘦 for those that are first time buyers or moving up – we are seeing opportunities across all home types and in price points for certain areas that may not have been attainable as of recent years. We are in a strong position to negotiate the price and terms that are most favourable for buyers in today’s market.
💡 𝗛𝗲𝗿𝗲’𝘀 𝘄𝗵𝗮𝘁 𝘀𝘁𝗼𝗼𝗱 𝗼𝘂𝘁 𝘄𝗶𝘁𝗵 𝘁𝗵𝗲 𝗺𝗼𝗻𝘁𝗵 𝗼𝘃𝗲𝗿 𝗺𝗼𝗻𝘁𝗵 𝗮𝗰𝘁𝗶𝘃𝗶𝘁𝘆 𝗯𝗲𝘁𝘄𝗲𝗲𝗻 𝗔𝗽𝗿𝗶𝗹 𝗮𝗻𝗱 𝗠𝗮𝗿𝗰𝗵 𝟮𝟬𝟮𝟱
◼️ Toronto average detached home price down 6.7% year/year (whereas the average detached home price was up 8.8% in March as compared to March 2024) There were however, more homes sold as compared to the month prior – not only for detached homes – the number of homes sold across all categories was up in Toronto proper The average price of semi-detached dipped $80k in April – all other home types flat to the month prior.
◼️ Mississauga average detached home values saw the largest drop of the areas in our report both on a month over month and annual basis, down $120,000 as compared to March and down 13% to last April. All other home types flat to the month prior. Condos down slightly, by $30k however with a larger drop to last year, down 12%.
◼️ Oakville detached home values gained $70,000 as compared to March, bringing the average detached price back up just north of $2million, and with more homes sold in April than March this year. Annual drop in the price down a more modest 4%. Opportunity in Oakville freehold towns, down $100k as compared to the month prior. Condo townhouses were up, and interestingly the only category up on an annual basis – with condo town values up almost 8% as compared to last year. Condo apartments flat to the month prior.
◼️ Burlington detached home values experienced another drop on a month over month basis, down $120,000 over March. The number of homes sold was pretty much flat (only 6 fewer detached homes sold in April). This was also the next largest drop compared to last year, with average detached home values down 8.5%. All other home types flat as compared to March, with the exception of condo apartments – up $150,000 over March and a massive 20% gain on the year/year price difference.
𝘞𝘢𝘯𝘵 𝘵𝘰 𝘬𝘯𝘰𝘸 𝘸𝘩𝘢𝘵’𝘴 𝘩𝘢𝘱𝘱𝘦𝘯𝘪𝘯𝘨 𝘪𝘯 𝘺𝘰𝘶𝘳 𝘯𝘦𝘪𝘨𝘩𝘣𝘰𝘶𝘳𝘩𝘰𝘰𝘥? Obtain a personalized market analysis by booking a complimentary Buyer or Seller consultation with us via the form below.
