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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

Toronto's housing market is facing a sharp decline, with sales and new construction slowing significantly. The multi-unit housing sector in Toronto saw a steep drop, impacting overall housing start figures.

GTA condo prices are projected to ↓ 15–20% from 2023 peak by end of 2025. ↓ 10% is expected in 2025 alone, extending a downward trend from last year’s ↓ 4%.

Markham's avg home price reached $1.2M in April 2025, ↑ 2.2% MoM. Home sales ↓ 20.9% while active listings ↑ 77.9% yearly