TRREB: Preconditions for Housing Rebound in Place Once Economic Confidence is Restored
TORONTO, May 06, 2025 (GLOBE NEWSWIRE) -- April home sales followed the regular seasonal trend with an increase relative to March. However, total residential transactions in the Greater Toronto Area (GTA) were down compared to the same time last year, as potential buyers continue to wait for lower borrowing costs and for certainty about the trajectory of the economy.
'Following the recent federal election, many households across the GTA are closely monitoring the evolution of our trade relationship with the United States. 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,' said TRREB President Elechia Barry-Sproule.
GTA REALTORS® reported 5,601 home sales through TRREB's MLS® System in April 2025 – down by 23.3 per cent compared to April 2024. New listings in the MLS® System amounted to 18,836– up by 8.1 per cent year-over-year. On a seasonally adjusted basis, April home sales edged up month-over-month compared to March 2025.
The MLS® Home Price Index Composite benchmark was down by 5.4 per cent year-over-year in April 2025. The average selling price, at $1,107,463, was down by 4.1 per cent compared to April 2024. On a month-over-month seasonally adjusted basis, the average selling price was down.
'Inventory levels remained elevated historically in April, pointing to substantial choice for households looking to purchase a home in the GTA. Buyers took advantage of this choice when negotiating purchase prices, which resulted in a lower average price across market segments compared to last year. Lower prices coupled with lower borrowing costs translated into more affordable monthly mortgage payments,' said TRREB Chief Information Officer Jason Mercer.
'Right now, resale housing supply is increasing in the GTA. However, as demand picks up and the population continues to grow with immigration, we will need to build more homes. Pre-construction sales have trended lower over the past year and therefore we will continue to see fewer housing starts. This means the supply pipeline will ultimately run dry. TRREB will be continuing to work with all levels of government on initiatives that promote fair and equitable taxation, reduce barriers for first-time homebuyers, and expand housing supply options throughout the province,' said TRREB CEO John DiMichele.
Please note: The PropTx MLS® System, of which TRREB is a part, has added a number of new client boards over the last year. Many of these boards' Members trade within the Greater Toronto Area and broader Greater Golden Horseshoe regions. As a result, historic data have been updated to reflect the addition of these boards' listings and transactions. This means historic data have changed relative to previously published static reports. To view updated historic data, click here.
April 2025
April 2025
April 2025
Year-to-Date 2025
Year-to-Date 2025
April 2025
READ THE FULL REPORT
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Wire
an hour ago
- Business Wire
OPEX® Corporation to Showcase Advanced Warehouse Automation Solutions at CeMAT AUSTRALIA
MOORESTOWN, N.J.--(BUSINESS WIRE)-- OPEX® Corporation, a global leader in Next Generation Automation providing innovative solutions for warehouse, document and mail automation, will showcase its advanced warehouse automation technology at CeMAT AUSTRALIA, July 22 through 24, 2025, at The Dome, Sydney Olympic Park. CeMAT is the world's leading trade show for intralogistics, materials handling and supply chain management, drawing attendees from across Australia, China, Italy, Turkey and Singapore. 'We look forward to participating as an exhibitor at CeMAT AUSTRALIA and the opportunity to share more about our portfolio of warehouse automation solutions,' said Alex Stevens, President, Warehouse Automation, OPEX. 'As we continue to expand our global footprint, it's exciting to be a part of this premier gathering where we can interact with current and prospective clients from the various countries represented.' At Stand H13, OPEX will be demonstrating its Sure Sort® automated put wall system—the most scalable, configurable, and cost-effective small-item sorting solution in the industry. Sure Sort is engineered to help businesses of all sizes improve the overall efficiency of distribution operations, reduce time and costs, and manage evolving demands. The company's automation experts will be onsite to discuss Sure Sort and the full array of warehouse automation solutions offered by OPEX, including Infinity® ―an advanced automated storage and retrieval system engineered for unlimited flexibility and scalability; Perfect Pick® ―a robotic goods-to-person picking solution that dramatically improves speed, efficiency and reliability; Sure Sort® X ―the most versatile high-speed robotic sorting system available, able to handle nearly 100% of customer-sortable items weighing up to 20 pounds; and Xtract™ ―a revolutionary order retrieval system that when paired with Sure Sort X, fully automates the tasks of sortation and order retrieval with a one-touch solution. OPEX is celebrating its 50 th anniversary this year, serving as a trusted partner for five decades now. The company continues to provide multi-generational industry expertise, a proven track record developing first-class automation capabilities and advanced engineering, and a heritage of excellence. About OPEX OPEX® Corporation is a global leader in Next Generation Automation, providing innovative, unique solutions for warehouse, document and mail automation. With headquarters in Moorestown, NJ—and facilities in Pennsauken, NJ; Plano, TX; France; Germany; Switzerland; the United Kingdom; and Australia—OPEX has nearly 1,600 employees who are continuously reimagining and delivering customized, scalable technology solutions that solve the business challenges of today and in the future. The year 2025 marks the company's 50 th anniversary under the multigenerational ownership and leadership of the Stevens family.
Business Wire
3 hours ago
- Business Wire
IDEX Corporation to Webcast Second Quarter 2025 Earnings Call
NORTHBROOK, Ill.--(BUSINESS WIRE)--IDEX Corporation (NYSE:IEX) announced today that it will release its second quarter 2025 financial results on Wednesday, July 30, 2025, prior to market open. An investor conference call and webcast will take place at 8:00 a.m. (CT) that same day with Chief Executive Officer and President Eric Ashleman and Vice President Corporate Development and Interim Chief Financial Officer Akhil Mahendra. The event and associated earnings presentation will be available via webcast in listen-only mode on the Company's Investor Relations Website at To participate via telephone, please dial (877) 709-8150 or (201) 689-8354 and use confirmation code 13748412. Telephone participants are asked to connect at least five minutes before the start of the conference call. A replay of the earnings call will be available via webcast on the Company's website. About IDEX IDEX Corporation (NYSE: IEX) designs and builds engineered products and mission-critical components that make everyday life better. IDEX precision components help craft the microchip powering your electronics, treat water so it is safe to drink, and protect communities and the environment from sewer overflows. Our optics enable global broadband satellite communications, and our pumps move challenging fluids that range from hot, to viscous, to caustic. IDEX components assist healthcare professionals in saving lives as part of many leading diagnostic machines, including DNA sequencers that help doctors personalize treatment. And our fire and rescue tools, including the industry-leading Hurst Jaws of Life®, are trusted by rescue workers around the world. These are just some of the thousands of products that help IDEX live its purpose – Trusted Solutions, Improving Lives™. Founded in 1988 with three small, entrepreneurial manufacturing companies, IDEX now includes more than 50 diverse businesses around the world. With about 9,000 employees and manufacturing operations in more than 20 countries, IDEX is a diversified, high-performing, global company with approximately $3.3 billion in annual sales. For further information on IDEX Corporation and its business units, visit the company's website at
Business Wire
4 hours ago
- Business Wire
Concentra ® to Announce Second Quarter 2025 Results on Thursday, August 7, 2025
ADDISON, Texas--(BUSINESS WIRE)--Concentra ® Group Holdings Parent, Inc. ('Concentra') (NYSE: CON) will release the financial results for its second quarter ended June 30, 2025, on Thursday, August 7, 2025, after the market closes. Concentra will host a conference call regarding its financial results on Friday, August 8, 2025, at 9 a.m. Eastern Time. The conference call will be a live webcast and can be accessed via this Earnings Call Webcast Link or via Concentra's website at A replay of the webcast will be available shortly after the call at the same locations. Participants may join the audio-only version of the webcast or participate in the question-and-answer session by calling: Toll Free: 888-506-0062 International: 973-528-0011 Participant Access: All dial-in participants should ask to join the Concentra call. About Concentra Concentra is the largest provider of occupational health services in the United States by number of locations, with the mission of improving the health of America's workforce, one patient at a time. Our approximately 12,000 colleagues and affiliated physicians and clinicians support the delivery of an extensive suite of services, including occupational and consumer health services and other direct-to-employer care. We support the care of approximately 50,000 patients each day on average across 45 states at our 627 occupational health centers, 160 onsite health clinics at employer worksites, and Concentra Telemed as of March 31, 2025.
