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1. Bickford Park – Median sold price: $1.3M – Median overbid amount: $201K 1. Bickford Park – Median sold price: $1.3M – Median overbid amount: $201K

Greater Toronto Area home sales rose 1.8% in April to 4,267 units after recent declines. Despite the monthly gain, sales were still down 23.3% compared to April 2024.

Toronto's construction costs are lower than Vancouver’s, particularly in residential and commercial sectors. In Toronto, the cost of concrete high-rise buildings is closer to $300 per sq. ft, lower than Vancouver.

Toronto home sales plunged 23.3% year-over-year in April 2025, amid economic fears and soaring new listings. Sales Plunge Detached: drop 21.7% Townhouses: fall by 22.9% Semi-detached: down 10% Condo: plunge 30%+

84% of GTA neighbourhoods saw underbidding in April, the highest level since tracking began in 2022.Condos faced 97% underbidding, compared to 76% for single-family homes — a shrinking 21-point gap.

The GTA real estate market is shifting towards purpose-built rentals (PBRs) to address housing needs. Ontario’s shift from low-rise homes to high-rise condos is changing the landscape for investors.

Seasonality plays a major role in how quickly homes sell across Canada, especially in the GTA. Spring, particularly March to June, is generally the busiest and most favourable season for home sales.

1. Lawrence Park – Median sold price: $4.6M – Median underbid amount: $312K 2. Eastlake – Median sold price: $3.3M – Median underbid amount: $241K