Late Spring Real Estate Trends: What Ontario Buyers & Sellers Need to Know
What’s really happening in the market—and what does it mean for you?
As we move through late spring, Ontario’s real estate market is starting to show subtle—but important—signs of a shift. It’s not a boom, but it’s no longer a deep freeze either. If you're thinking of buying or selling, here's what you need to know based on the latest data from the Canadian Real Estate Association (CREA) and Statistics Canada.
April’s data shows a market testing the waters again—less frozen, more fluid.
April 2025 Market Recap: Prices, Sales & Listings
According to CREA, Ontario’s housing market showed modest growth in April. While it’s still quieter than last year, there are early signs that activity is stirring.
Home Sales
4,267 homes were sold across Ontario in April
That’s up 1.8% from March, but down 23.3% year-over-year
Interpretation: Sales activity remains muted, but the month-over-month uptick is a hint of buyer interest returning.
Average Home Price
Ontario’s average sale price in April was $1,065,687
That’s a 0.7% drop from March and 4.1% lower than April 2024
Interpretation: Prices continue to soften slightly, offering more leverage to buyers.
New Listings
New listings dipped 0.7% from March
But they’re up 8.1% compared to April 2024
Interpretation: Sellers are slowly returning, adding fresh inventory to the market.
Bottom Line: We’re not in a full recovery, but April’s data shows a market testing the waters again—less frozen, more fluid.
What’s Changing in May? Early Indicators to Watch
We’re still waiting on full May data, but some early trends are emerging:
More Buyers Are Out Looking
Lower interest rates and easing inflation are helping bring buyers back into the game.
Open houses are reportedly seeing higher turnout, suggesting more serious interest.
More Listings = More Choice
Inventory continues to build. Sellers who held off earlier this year are beginning to list.
For buyers, this means more negotiating power—and less pressure to rush.
Uncertainty Is Easing
Some major concerns that clouded the first quarter—rate hikes, political unknowns, global trade tensions—are settling.
With more clarity comes more confidence for both buyers and sellers.
Well-prepared homes are moving—even in a slower market.
Thinking of Buying or Selling? What You Should Know
Thinking of Selling?
Now might be a smart time to get ahead of the summer rush. With inventory still climbing but not yet saturated, your home has a better chance to stand out. Well-prepared homes are moving—even in a slower market. Listing now may give you an edge before more competition arrives.
Thinking of Buying?
You’ll find more options than earlier this year, and some sellers are more willing to negotiate. While prices haven’t dropped dramatically, conditions are more balanced. It’s a calmer market with room to negotiate—especially if you’re prepared and pre-approved.
Want a Custom Market Snapshot? Let’s Talk
Every neighbourhood moves at its own pace. If you’d like a personalized update for your area or property type, just reach out. I’ll put together a clear, no-obligation report with real insights you can use.
If you’d like a free, personalized Buyer Guide to help you start your journey with confidence and clarity, feel free to reach out—I’m here to help!
Sources:
Canadian Real Estate Association (CREA)
Statistics Canada
Reuters (May 2025)
Data last updated: May 20, 2025
Disclaimer:
The information provided in these blog posts is for general informational purposes only and does not constitute financial, legal, or professional advice. Mortgage rates and economic conditions are subject to change. Readers are highly encouraged to consult with licensed professionals before making any real estate or financial decisions.
