Average price — Mean sale price across all transactions. Sensitive to the mix of homes that sold.
$1,107,463
MoM +$14,209 +1.3% up $14,209, 1.3% versus March 2025 YoY −4.2% down 4.2% versus April 2024
Source: TRREB MarketWatch, April 2025
Greater Toronto Area · TRREB MarketWatch
GTA Real Estate Market Report
April 2025
In April 2025 the average selling price across the Greater Toronto Area edged up 1.3% to $1,107,463 versus March 2025, and sales jumped 11.8% to 5,601.
Headline indicators
All TRREB areas · all home types
Median price — The midpoint sale price. Less affected by a few very high or low sales than the average.
$950,000
MoM +$5,000 +0.5% up $5,000, 0.5% versus March 2025 YoY −3.2% down 3.2% versus April 2024
MLS® HPI benchmark — Quality-adjusted price for a typical home. The cleanest like-for-like price signal.
$1,009,400
MoM −$59,100 −5.5% down $59,100, 5.5% versus March 2025 YoY −5.4% down 5.4% versus April 2024
Sales — Firm transactions reported through the MLS® System during the month.
5,601
MoM +590 +11.8% up 590, 11.8% versus March 2025 YoY −21.3% down 21.3% versus April 2024
Dollar volume — Total value of all sales in the month.
$6.20B
MoM +$724,604,117 +13.2% up $724,604,117, 13.2% versus March 2025 YoY −24.6% down 24.6% versus April 2024
New listings — Properties newly listed during the month.
18,836
MoM +1,573 +9.1% up 1,573, 9.1% versus March 2025 YoY +11.2% up 11.2% versus April 2024
Active listings — Listings available at month end.
27,386
MoM +3,924 +16.7% up 3,924, 16.7% versus March 2025 YoY +51.4% up 51.4% versus April 2024
Avg. LDOM — Average days on market for the current listing. Not reported before 2020.
25
MoM +1 day +4.2% up 1 day, 4.2% versus March 2025 YoY +31.6% up 31.6% versus April 2024
Avg. PDOM — Average days on market across the property’s consecutive listings. Not reported before 2020.
33
MoM −3 days −8.3% down 3 days, 8.3% versus March 2025 YoY +17.9% up 17.9% versus April 2024
Avg. SP/LP — Average sale price as a share of list price. Above 100% means competing offers were common.
99%
MoM −1.0 pp −1.0% down 1.0 pp, 1.0% versus March 2025 YoY −2.9% down 2.9% versus April 2024
SNLR — Sales-to-new-listings ratio, computed here from this month’s counts. Below 40% favours buyers, above 60% favours sellers.
29.7%
MoM +0.7 pp +2.4% up 0.7 pp, 2.4% versus March 2025 YoY −29.2% down 29.2% versus April 2024
Months of inventory — Active listings divided by monthly sales — how long the current stock would take to sell. Computed here, not TRREB’s trend figure.
4.9
MoM +0 +4.4% up 0, 4.4% versus March 2025 YoY +92.3% up 92.3% versus April 2024
The month in 60 seconds
- Across all TRREB areas, active listings jumped 16.7% to 27,386 versus March 2025.
- Across all TRREB areas, sales jumped 11.8% to 5,601 versus March 2025.
- Across all TRREB areas, new listings jumped 9.1% to 18,836 versus March 2025.
- Across all TRREB areas, the average selling price edged up 1.3% to $1,107,463 versus March 2025.
- Across all TRREB areas, the average sale-to-list ratio edged down 1.0% to 99.0% versus March 2025.
Generated from the figures above. Ordered by size of month-over-month move.
Economy
Indicators published with this edition
Real GDP growth
2.6%
Q4 2024
Toronto employment growth
2.5%
December 2024
Toronto unemployment rate
8.4%
December 2024
Inflation (CPI, year-over-year)
2.3%
March 2025
Bank of Canada overnight rate
2.8%
April 2025
Prime rate
5%
April 2025
1-year mortgage rate
6.09%
April 2025
3-year mortgage rate
6.54%
April 2025
5-year mortgage rate
6.49%
April 2025
By home type
All TRREB areas
| Home type | Sales | MoM | Average price | MoM | YoY |
|---|---|---|---|---|---|
| Detached | 2,556 | +401 +18.6% up 401, 18.6% versus March 2025 | $1,431,495 | −$7,773 −0.5% down $7,773, 0.5% versus March 2025 | −5.6% down 5.6% |
| Semi-detached | 565 | +80 +16.5% up 80, 16.5% versus March 2025 | $1,088,848 | −$22,943 −2.1% down $22,943, 2.1% versus March 2025 | −4.5% down 4.5% |
| Att/row/townhouse | 571 | +66 +13.1% up 66, 13.1% versus March 2025 | $1,005,487 | +$4,444 +0.4% up $4,444, 0.4% versus March 2025 | −3.8% down 3.8% |
| Condo townhouse | 412 | +18 +4.6% up 18, 4.6% versus March 2025 | $783,935 | −$5,194 −0.7% down $5,194, 0.7% versus March 2025 | −6.8% down 6.8% |
| Condo apartment | 1,430 | +26 +1.9% up 26, 1.9% versus March 2025 | $678,048 | −$3,971 −0.6% down $3,971, 0.6% versus March 2025 | −6.9% down 6.9% |
| Link | 48 | +1 +2.1% up 1, 2.1% versus March 2025 | $1,001,541 | +$14,647 +1.5% up $14,647, 1.5% versus March 2025 | −6.4% down 6.4% |
| Co-op apartment | 9 | −4 −30.8% down 4, 30.8% versus March 2025 | $847,667 | +$254,992 +43.0% up $254,992, 43.0% versus March 2025 | +108.6% up 108.6% |
| Detached condo | 3 | −4 −57.1% down 4, 57.1% versus March 2025 | $1,243,967 | −$40,147 −3.1% down $40,147, 3.1% versus March 2025 | +14.9% up 14.9% |
| Co-ownership apartment | 7 | +6 +600.0% up 6, 600.0% versus March 2025 | $377,500 | −$500 −0.1% down $500, 0.1% versus March 2025 | −20.3% down 20.3% |
Average price by home type
13 months to April 2025
| Month | Detached | Semi-detached | Att/row/townhouse | Condo townhouse | Condo apartment |
|---|---|---|---|---|---|
| Apr '24 | 1516070 | 1139929 | 1044986 | 841266 | 728067 |
| May '24 | 1506675 | 1173819 | 1040141 | 836642 | 730815 |
| Jun '24 | 1480399 | 1102904 | 1021866 | 826268 | 727861 |
| Jul '24 | 1425927 | 1067576 | 1018731 | 794761 | 718698 |
| Aug '24 | 1414070 | 1026435 | 991307 | 760750 | 674706 |
| Sep '24 | 1423056 | 1090749 | 982656 | 791077 | 682543 |
| Oct '24 | 1462838 | 1108376 | 1007417 | 785827 | 694038 |
| Nov '24 | 1452518 | 1077254 | 994251 | 753352 | 689599 |
| Dec '24 | 1399209 | 1088543 | 1015505 | 767688 | 681855 |
| Jan '25 | 1377430 | 1047728 | 983856 | 802905 | 670675 |
| Feb '25 | 1445879 | 1079996 | 991066 | 802862 | 688055 |
| Mar '25 | 1439268 | 1111791 | 1001043 | 789129 | 682019 |
| Apr '25 | 1431495 | 1088848 | 1005487 | 783935 | 678048 |
Movers this month
Ranked across 55 of the 55 required areas · minimum 10 sales to qualify
Average price, month-over-month
Top 5
- Toronto C09 +44.8% up 44.8%
- Toronto E08 +24.0% up 24.0%
- Toronto W01 +17.4% up 17.4%
- Uxbridge +14.6% up 14.6%
- Toronto E01 +12.9% up 12.9%
Bottom 5
- Brock −25.9% down 25.9%
- Scugog −17.6% down 17.6%
- Toronto C06 −12.9% down 12.9%
- Toronto C13 −12.7% down 12.7%
- King −11.1% down 11.1%
Sales, month-over-month
Top 5
- Brock +114.3% up 114.3%
- Scugog +107.7% up 107.7%
- Toronto C12 +80.0% up 80.0%
- Toronto C06 +50.0% up 50.0%
- Aurora +47.5% up 47.5%
Bottom 5
- King −35.3% down 35.3%
- Toronto W01 −15.6% down 15.6%
- Toronto C07 −14.9% down 14.9%
- Toronto W07 −13.6% down 13.6%
- Georgina −13.2% down 13.2%
Areas below the sales threshold are excluded — with a handful of sales, a couple of transactions can invent a swing that is not a market move.
Market balance
Sales-to-new-listings and months of inventory, computed from this month’s counts
All TRREB areas
SNLR
29.7%
prior month 29.0%
Months of inventory
4.9
All TRREB areas reads differently on the two balance measures — a buyer's market at 29.7% sales-to-new-listings, but balanced conditions at 4.9 months of inventory. They measure different things, so the split is worth noting.
City of Toronto (416)
SNLR
30.0%
prior month 29.7%
Months of inventory
5.0
City of Toronto (416) reads differently on the two balance measures — a buyer's market at 30.0% sales-to-new-listings, but balanced conditions at 5.0 months of inventory. They measure different things, so the split is worth noting.
905 total
SNLR
29.6%
prior month 28.6%
Months of inventory
4.8
905 total reads differently on the two balance measures — a buyer's market at 29.6% sales-to-new-listings, but balanced conditions at 4.8 months of inventory. They measure different things, so the split is worth noting.
These are computed here from the month’s raw counts. TRREB also publishes its own trend-smoothed SNLR and months-of-inventory figures, which are shown separately on the area pages and are not the same measure.
Where I work
Downtown TorontoMidtownScarboroughYork RegionDurham Region
Downtown
$835,114
- Sales
- 417
- SNLR
- 25.2%
- MOI
- 7.0
Aggregated across 2 districts · View →
Midtown
$1,799,362
- Sales
- 281
- SNLR
- 29.9%
- MOI
- 4.7
Aggregated across 6 districts · View →
Scarborough
$905,520
- Sales
- 352
- SNLR
- 33.1%
- MOI
- 4.2
Aggregated across 8 districts · View →
York Region
$1,256,615
- Sales
- 894
- SNLR
- 26.7%
- MOI
- 5.8
Region total · View →
Durham Region
$913,500
- Sales
- 769
- SNLR
- 36.0%
- MOI
- 3.2
Region total · View →
Average price for a multi-district group is weighted by dollar volume, not an average of averages — that would give a district with three sales the same weight as one with three hundred.