n Canada, 2025 was largely a wait-and-see year. While interest rates began to ease, both buyers and sellers took a cautious approach. Prices stabilized, and the market found its balance after a
Toronto Market Cools: Prices & Rents Drop in April 2025
Dated: June 18 2025
Views: 592
Toronto Market Report Summary
- The average selling price of a home in Toronto decreased by 5.4% year-over-year to $1,009,400 in April 2025.
- The average selling price of a single-family home in Toronto decreased by 5.4% year-over-year to $1,239,300 in April 2025.
- The average selling price of a townhouse/multiplex in Toronto decreased by 5.0% year-over-year to $758,400 in April 2025.
- The average selling price of a condo in Toronto decreased by 7.3% year-over-year to $593,000 in April 2025.
- The average rent in Toronto decreased by 5.0% year-over-year to $2,606 for April 2025.
- Today’s lowest mortgage rate in Toronto is
3.91% for a 5–year fixed. Toronto Market Cools: Prices & Rents Drop in April 2025Toronto’s real estate market continues to cool, offering a potential window of opportunity for both buyers and renters. In April 2025, the average home price dropped by 5.4% year-over-year to $1,009,400.
Single-Family Homes: Slight Dip
Detached homes saw a 5.4% decrease, now averaging $1,239,300.
Townhouses & Multiplexes: Mid-Range Advantage
Down by 5.0%, townhouses now sit at an average of $758,400.
Condos: Biggest Decline
The condo market saw a 7.3% drop, with the average price now at $593,000—a notable opportunity for entry-level buyers.
Rental Market: More Affordable
Average rent also fell by 5.0%, now at $2,606 in April 2025, giving renters a bit more breathing room.
Mortgage Rate Update
As of June 17, 2025, the lowest 5-year fixed mortgage rate is 3.91%, adding to the market’s appeal for buyers.
Ready to explore your options while the market is shifting? Let’s talk.
Mehmet Gul
Realtor | REMAX Hallmark Realty
416-269-7670
Mehmet Gul
I AM NOT HAPPY UNTILL YOU ARE With a background in event organizing, Mehmet has worked as a Teacher at TDSB, served as the Executive Director at Turkish Canadian Chamber of Commerce and Charitable o....
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