April Toronto Real Estate Update

Hello Friends!👋

Hope you all had a great Victoria Day Weekend and you're enjoying the spring weather!
Well, it’s happening — Toronto’s spring market is waking up. Not with a bang, but definitely with a buzz. Listings are climbing, sales are picking up, and for the first time in a while, it’s starting to feel like people are… interested in Real Estate again?!?

But before we go full “market’s back, baby!” let’s take a breath.

What we’re seeing right now is a more active market, not necessarily a more expensive one. Prices, in many segments, are still flat-ish or even dipping slightly. That’s great news for buyers — especially those holding out for some financial breathing room. And for sellers? If you’ve been sitting on the sidelines, this might be your moment. Buyers are out there. You just have to stand out.

Think of this market like dating in your 40s (...shudder...): there’s interest, but everyone’s cautious, commitment-shy, and has seen some things. So if your home is priced right and shows well, it can still sweep someone off their feet. But if you’re dreaming of last year’s prices or hoping for a bidding war that far exceeds the current market value of your home — prepare to get ghosted.

📈 What’s Driving It All?

There’s more going on than just seasonal momentum.

People are watching interest rates like hawks — not because they expect a dramatic drop, but because even a whisper of lower borrowing costs brings more buyers off the bench.

But it’s not all sunshine. Volatile stock markets, rising consumer debt, tariffs pushing up construction costs, and general global weirdness are keeping everyone just a little on edge. Confidence is growing, but it’s fragile. Buyers still want deals. Sellers still want yesterday’s prices. And agents? Oh boy...Well, we’re living in the middle of that tug-of-war every day and, with every single offer.

The result? A market that’s moving — but slowly and specifically.

‍My Take

This spring market isn’t wild. It’s watchful. It’s full of motivated people… who are also a little nervous. But deals are happening — especially for properties that are priced with strategy, staged with intention, and marketed with precision.

And let’s talk about that for a second — because pricing and presentation have never mattered more. In a cautious market, buyers are scrutinizing every detail. If your home isn’t dialed in from the start — from the photos to the finishes to even, any rental agreement/warranty/renovation paperwork ready to be reviewed— you’re going to feel it.

For sellers, this is when your agent’s work actually shows. It’s not enough to just stick a sign in the lawn and hope for the best. A good agent will know your property inside out, understand what makes it valuable, and make sure every showing, every click, every question is handled like it matters — because it does.

Too many times lately, I’ve shown homes where the listing agent couldn’t tell me what was renovated, when it was done, or even what mechanicals were owned vs. rented. How can I promote this home or tell my clients what a great option this could be? I can't, and neither can any other buyer agent. That kind of stuff turns buyers off fast — and it’s avoidable. The truth is, a lot of agents skip the details. They don’t prep, they don’t market, they don’t dig deep. And in this market? That laziness costs sellers real money.

If you’re thinking of listing, interview your agent. Ask how they plan to present your home, what their marketing strategy is, and what sets them apart. Make sure they’re asking you the right questions, too—instead of just smiling and nodding along in hopes of landing the listing (and the commission) without any real care.

Because right now, experience and effort aren’t just nice to have — they’re the difference between sold and still sitting.

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You've read my personal opinion, but now here are the cold, hard facts.

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Please note that these statistics cover only the City of Toronto. Not Richmond Hill, Not Mississauga, Not Vaughan, etc. If you would like to know what's happening in another area in GTA, please reach out and let me know. I'm happy to chat!  

‍Want to look on your own and see the numbers for yourself? Click Here to view the official statistics that every Real Estate gets sent from TREB and uses for their market updates. These are the exact numbers I use for my Toronto updates and if you want, I can prepare an update as detailed as this blog update for your city, neighbourhood and even street.

Don't be shy, reach out and just ask!

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So without further ado, let's take a look at the April Statistics with the charts and breakdown below ⤵️

Inventory is growing fast — especially for freehold homes. Detached and semis saw nearly 20–26% more active listings month-over-month, which means more competition for sellers and more choice for buyers. It’s a sign that homeowners are testing the spring market, but not all of them are selling quickly. If your home is sitting, pricing might be the problem.

Looking at each property type specifically,

Detached homes went from 1688 new listings to 2021, a 19.73% increase.

Semi-Detached went from 466 to 588, a 26.18% increase.

Freehold Townhomes went from 196 to 218, a 11.22% increase.

Condo Townhomes went from 449 to 522, a 16.26% increase.

Condo Apartments went from 3557 to 3700, a 4.02% increase.

Fresh listings are flooding in, particularly in the townhouse and semi-detached segments. Condo listings are also up, but not by as much. This tells us that sellers are feeling more confident — or more motivated — to list. It also means buyers can afford to be choosy, so presentation matters more than ever.

Specifically,

Detached homes went from 2155 to 2578, a 19.63% increase.

Semi-Detached went from 432 to 537, a 24.31% increase.

Freehold Townhomes went from 205 to 263, a 28.29% increase.

Condo Townhomes went from 634 to 760, a 19.87% increase.

Condo Apartments went from 5602 to 6327,  a 12.94% increase.

Sales are up across almost every segment — detached homes especially — showing that buyers are active and deals are getting done. The one exception? Condo apartments, where sales dipped ever so slightly. That points to a soft spot in that market, likely due to high inventory and tighter buyer budgets.

Looking at each property type and it's sale from last month to this,

Detached homes went from 572 to 728, a 27.27% increase.

Semi-Detached went from 208 to 253, a 21.63% increase.

Freehold Townhomes went from 59 to 71, a 20.34% increase.

Condo Townhomes went from 126 to 134, a 6.35% increase.

Condo Apartments went from 927 to 925, a 0.22% decrease.

Prices are holding mostly steady, with a few bright spots. Freehold townhomes and semis actually rose in value — a sign that these “middle-tier” homes are in demand. Meanwhile, detached prices slipped a little, and condos dipped too. It’s not a crash — it’s just a reality check. Buyers are bargain hunting, and sellers need to be strategic.

Focusing on the Avg. Price,

Detached homes went from  $1,723,489 to $1,700,710 a -1.32% decrease.

Semi-Detached went from  $1,229,000 to $1,266,322, a 3.04% increase.

Freehold Townhomes went from $1,297,377 to $1,376,169, a 6.07% increase.

Condo Townhomes went from  $825,222 to $828,911, a 0.45% increase.

Condo Apartments went from  $716,460 to $710,724, a -0.8% decrease.

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Homes that are priced right are moving faster — especially detached and semi-detached. But if you're off the mark (or not showing well), you're sitting. Case in point: freehold townhomes took longer to sell this month. Condo apartments are still taking over a month to move, showing that segment’s lagging behind.

Looking at each property type :

Detached 22 to 19 days (a -13.64% decrease).

‍Semi-Detached 15 to 14 days (a -6.67% decrease).

‍Freehold Townhome 13 to 16 days (a 23.08% increase).

Condo Townhomes 28 to 27 days (a +3.57% decrease).

Condo Apartments didn't change at all from month-to- month and remained at 32 days to sell.

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Ok! That's it for now. Thanks for reading and have a great day! 👋 - Tyson CR

‍‍Want to know what the current value of your home is or what's going on in your neighbourhood?

Please feel free to reach out! I'm happy to prepare a completely free, no obligation custom market report just for you

If you or anyone is thinking of a move don’t be shy and reach out.  

After all, everyone’s individual situation requires an individual and unique strategy and plan.

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