April’s market update from the Toronto Real Estate Board (TRREB) reveals a city in transition. With 5,601 homes sold last month — a 23.3% decline from April 2024 — it’s clear that many potential buyers are waiting for improved borrowing conditions. However, on a month-over-month basis, sales are gradually ticking upward.

The real shift? Inventory and pricing.

New listings are up 8.1% year-over-year, offering more choice across all property types. Meanwhile, the average home price in the GTA dropped 4.1% to $1,107,463 — a positive sign for buyers and investors seeking affordability in a high-demand market.

Sellers still have opportunity, but strategy is critical. With more competition, positioning your home properly can mean the difference between sitting and selling.

Whether you’re looking to make a move or exploring your investment options, having the right real estate partner can make all the difference.

📞 Contact me today — I’m your Point Man in Real Estate, Making A Difference For You.

To a Good Life,
Sam