April 2025 Real Estate Update: Is 2025 Your Year to Move? Here’s What the Market Is Telling Us

What Can Sellers Expect Right Now?

Sellers can expect a more balanced and competitive market compared to previous years. Elevated inventory levels across the GTA mean buyers have more choices, which reduces urgency and puts pressure on pricing. The average selling price across all home types was down 4.1% year-over-year in April, and condos were particularly impacted, with average prices dropping 6.9%.

What this means for sellers:

Pricing strategically is essential—overpricing will likely lead to longer time on market and greater negotiation.

Presentation and marketing matter more than ever to stand out among the higher number of active listings.

Expect negotiations—buyers are entering with more leverage and caution, especially given current borrowing costs.

However, activity is picking up compared to March, and spring tends to bring out more serious buyers. A well-prepared, well-priced home can still attract strong interest, especially in desirable neighbourhoods.

What Can Buyers Expect Right Now?

Buyers are benefiting from a market that offers more selection, more negotiating power, and softening prices. With sales down 23.3% year-over-year and inventory remaining elevated, buyers have room to move carefully and strategically.

Key takeaways for buyers:

More choices and more leverage—you’re less likely to face bidding wars, and you may negotiate on price, terms, or closing.

Still a good window to buy before competition heats up again, especially once interest rates start to decline.

Be forward-thinking—with many developers pausing new projects, today's oversupply could turn into tomorrow’s shortage.

And if you’re considering a condo purchase, the coming influx of new units in 2025 may lead to even better pricing opportunities this year.

Hey, if real estate’s been on your mind lately — whether it’s questions about the market or just curiosity about your own home — I’ve been having some really interesting chats with people lately about what’s shifting and what that could mean for them.

If you’re ever wondering what’s happening in your neighbourhood or what your home might be worth in today’s market, I’m always happy to walk through it with you. Here’s where you can grab a time that works: https://calendly.com/meetquynhtran