Posted on
May 9, 2025
by
Ben Stanton Broker
Inventory builds, buyer competition heats up — but only in certain segments. Here’s what’s shifting.
🔍 By the Numbers: April at a Glance
Total Sales: 5,601 (-23.3% YoY, +11.8% MoM)
Average Selling Price: $1,107,463 (-4.1% YoY, +1.3% MoM)
New Listings: 17,263 (+8.1% YoY, +9.1% MoM)
Active Listings: 27,386 (+54% YoY, +16.7% MoM)
Days on Market:
🧠 Top Takeaway:
April saw a seasonal uptick in sales and prices, but with inventory rising sharply, the market is shifting toward balance — and buyers are gaining leverage in many segments.
What's happening locally? Durham & Toronto Market Insights
Every city/town is unique as are the communities within them. Scroll through to find your town.
📉 Rates Hold, But Lending Tightens
The Bank of Canada held its benchmark rate steady at 2.75% in April. However, fixed mortgage rates have edged up in recent weeks, and variable rate discounts have narrowed as lenders react to economic uncertainty. Affordability remains a key concern, especially for first-time buyers.
📈 Current Trends:
🏠 What’s Changing — and What’s Not
1. Sales Rebound, But Still Below Last Year
Sales increased by 11.8% from March, indicating a seasonal spring uptick. However, they remain 23.3% below April 2024 levels, reflecting ongoing market caution.
2. Inventory Surge Offers More Choices
Active listings rose by 54% year-over-year, providing buyers with more options and reducing the urgency seen in previous months.
3. Entry-Level Homes See Competition
Smaller detached and attached homes, particularly in areas like Durham Region, are experiencing multiple offers, signaling strong demand in this segment.
4. Condo Market Remains Buyer-Friendly
The condo market, especially smaller 1-bedroom units, continues to favor buyers, with ample inventory and negotiable prices.
🗣️ Expert Insight:
“Entry-level homes are attracting significant interest, while larger detached properties require strategic pricing and patience.”
⚖️ Buyers vs. Sellers: Who Has the Edge Right Now?
For Buyers:
Increased inventory offers more choices, especially in the condo and larger home segments.
Entry-level homes may involve competition; be prepared for multiple offers.
Larger detached homes present opportunities for negotiation.
For Sellers:
Entry-level properties are in demand; proper preparation and pricing are key.
Larger homes may experience longer selling times; strategic marketing is essential.
Understanding your market segment and working with an experienced agent can make a significant difference.
🔮 Quick Verdict:
| Segment | Conditions |
|---|
| Entry-Level Homes | Seller's market |
| Condos | Buyer's market |
| Larger Detached Homes | Balanced to Buyer's market |
| Overall | Shifting towards balance |
📞 Need Help Navigating This Market?
With the market shifting month by month, strategic advice is more important than ever. Whether you're planning to buy, sell, or just assess your options, our team is here to help you make confident decisions.
👉 Let’s connect — no pressure, just clarity.
Call Ben at 905-995-23372 or Jim at 905-409-9967
MORE MARKET INSIGHTS (Markham/Stouffville & Port Hope/Cobourg)
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