Buyers are still waiting. Listings are still growing. But something’s changing — slowly, and under the radar.
Here’s what really happened in Toronto real estate for April 2025 and why it matters if you’re thinking about investing soon.
Sales Are Down from Last Year — But Picking Up From March
Home sales in April 2025 were down 23% compared to last year — still a slow market overall — but they jumped 12% from March 2025. That kind of monthly lift is typical for spring, but it also signals that buyers are gaining confidence.
We’ve already had SEVEN rate cuts, and more could come as early as June. If that happens, we might hit the bottom of the rate cycle by summer — which is usually when serious buyers start making moves.
Listings Keep Rising — But Not Everyone’s in Panic Mode
New listings were up 8% compared to last year, and total inventory jumped 54%. That’s a big supply boost — but prices are still holding up surprisingly well.
This tells us sellers are more active, but not in panic mode. Some are just testing the waters, while others are starting to adjust. The gap between what buyers want to pay and what sellers expect is starting to close — and that’s a sign the market’s finding its footing.
Not All Homes Are Struggling the Same Way
Toronto houses (416):
Prices are down 7% compared to last year, but they’re still moving relatively well, with an SNLR of 36–43%. That’s a sign of a more balanced market. These properties are gaining traction again, especially among investors who see long-term upside and better cash flow.
Suburban houses (905):
Even with the same 7% price drop, they’re moving slower — SNLR is just 28%. Higher prices combined with more listings mean buyers are taking their time and being pickier.
Condos:
By far the weakest market segment. SNLR is only 25%, which means buyers have a lot of choice and little urgency. Prices are down 7%, but the real problem is oversupply — especially for tiny, investor-style units under 500 sq ft. Pre-construction closings are falling through, and developers are quietly discounting inventory just to keep things moving.
| Segment | Apr 2024 | Apr 2025 | Change | SNLR |
|---|---|---|---|---|
| 416 Detached | $1,822,244 | $1,700,710 | -7% | 36% |
| 416 Semi | $1,365,061 | $1,266,322 | -7% | 43% |
| 416 Condo | $766,917 | $710,724 | -7% | 25% |
| 905 Detached | $1,421,377 | $1,324,280 | -7% | 28% |
- Seller’s Market (SNLR above dotted line): Demand exceeds supply, leading to competition among buyers and price increases.
- Buyer’s Market (SNLR below dotted line): Oversupply gives buyers negotiating power and may result in lower prices.
- Balanced Market (SNLR at dotted line): Supply and demand are in equilibrium, leading to stable prices at around 60% in the Toronto real estate market.
What About Investors?
Here’s the real story: serious investors are looking — but they’re playing it smart.
They’re not banking on quick price gains. They’re hunting for cash flow, running the numbers, locking in financing, and staying ready to act when the right property hits the market.
They know that when the right deal shows up — with solid income and upside potential — it won’t last long. Sit on the sidelines too long, and you risk missing the best windows.
Final Thoughts: This Is Still a Window
The story may seem familiar: sales down, listings up. But beneath the surface, things are shifting. Interest rates are dropping, prices are adjusting, and we might be nearing the market bottom.
If you’re waiting for the perfect deal to fall into your lap, you’ll be waiting a while. But if you’re ready to analyze deals, spot value, and act strategically — there are still opportunities.
Investors are focusing on cash flow deals, not speculation. The ones who will win in the next cycle are the ones making smart moves now, adding value through renovations, and positioning themselves for long-term growth.
How We Can Help
If you’re a buyer who’s thinking long-term, especially in freeholds, this is your window to make a smart move.
We’re helping investors spot deals with strong cash flow, room to add value, and long-term upside. This isn’t about guessing short-term price swings — it’s about building a solid portfolio that performs over time.
Ready to find your next investment? Click below to book a call. Let’s talk strategy.
