More Activity in April - Real Estate Market Update

Home Prices in the GTA have softened by 4-5% over the last 12 months. The average price for all types of Homes combined in Toronto and the GTA in April was $1,107,463 which reflects a decrease of 4.1%. Sales were down 23.3% from 7302 last year to now 5601.

Similar in York Region, where the total amount of Homes sold dropped from 1270 in April of 2023 to now 894 (-29.6%). The average price ($1,256,615) was also down by 5.3%, but slightly up (+3%) compared to March.

Aurora Prices stable

On a positive note, the average price in Aurora remained unchanged on an year-over-year basis (4/2025: $1,332,712 // 4/2024: $1,331,773) and also came up (+1.6%) compared to March. So did Sales; from 40 homes sold in March to 59 in April.

The average price in Newmarket ($1,127,400) was down 4.2% compared to last year but up by 4% compared to March. Sales have increased from 58 to now 66.

  Bradford below 1 Million  

Bradford’s average ($977,481) dropped under the 1-million-mark for the first time since September 2023 and came in 15% lower on a year-over-year basis. 26 homes have sold in Bradford this April. The average price in East Gwilimbury ($1,123,006) was 13.3% lower than last year.

"We could see an uptick"

“Following the recent federal election, many households across the GTA are closely monitoring the evolution of our trade relationship with the United States”, says Elechia Barry-Sproule, President of the Toronto Regional Real Estate Board. “If this relationship moves in a positive direction, we could see an uptick in transactions driven by improved consumer confidence and a market that is both more affordable and better supplied.”

As for the Bank of Canada and Interest Rates, the BoC decided to hold the rates mid-April after seven consecutive rate drops before. The next interest rate announcement is scheduled for June 4th.