Heaps Estrin's Blog

April has arrived with its usual mix of grey skies and anticipation for brighter days ahead – and while recent headlines have been dominated by economic uncertainty and a looming federal election, we’re starting to see some encouraging signs that Toronto’s spring market is beginning to stir.

Though TRREB’s March numbers showed a dip in sales compared to last year, the data doesn’t quite tell the full story, as can often be the case. From our front-line perspective, momentum is  in fact building: since the end of March Break, for example, open houses have been busier, showings have increased, and – notably – multiple offers are starting to resurface.

This is typical of early spring activity, but what’s unique about this moment is the complexity of the market. It’s more nuanced than ever, and the gap between headlines and on-the-ground experience can be significant.

It’s worth remembering that people buy and sell real estate for many reasons – not all of which are tied to the broader economy. Life doesn’t wait for perfect conditions, and in every market, there are opportunities to be found. The key is knowing how to recognize and act on them.

For first-time buyers, this is a moment of immense potential. With increased purchasing power, lower borrowing rates, and less competition than in previous years, buyers are finally able to approach the market strategically – and with a bit of breathing room.

There’s also plenty of opportunity for move-up buyers and sellers. Those currently in homes valued under $2 million are especially well positioned – this remains the most active segment of the market, and properties in this range are moving swiftly. Whether you're upsizing or simply shifting neighbourhoods, you're entering a market where your purchasing power goes further. That’s a rare window — and one worth acting on.

If you’re considering a move this year, it’s more important than ever to align yourself with a team of strategic experts who understand every iteration of this evolving market. We're here to help you navigate the shifts and seize the right opportunity, at the right time.

Central Toronto Market Spotlight
As the spring market slowly takes shape, Central Toronto continues to show pockets of strength despite a softer sales landscape overall. While total sales were down compared to last year, the market continues to show resilience. Detached home prices remained steady with a modest increase year-over-year, and semi-detached sales rose by over 12% with healthy price growth. Inventory levels are higher than last year, giving buyers more choice – but motivated sellers who price strategically are still seeing results.

West Toronto Market Spotlight
Despite a quieter start to the season, Toronto West is showing encouraging signs of activity as buyers re-enter the market and prices hold firm. The city’s west end saw positive price movement across all inventory categories last month. Detached homes posted a 3.8% year-over-year price increase, and semi-detached homes rose over 4%, with stable demand. Condo activity eased, but values edged up. With inventory levels rising, buyers have more to choose from, while well-prepared sellers are likely to benefit from an increasingly competitive spring market.

The Spring Issue of Beyond Is Here!
Our latest edition is out now – dive into creative approaches to small spaces, hear from Mark Cohon on
what makes Toronto so special, explore the stunning work of Jen Arron, and join us in celebrating our 25th anniversary!

Check your mailbox (or inbox) and enjoy the read!

Prefer digital? Read the full issue HERE!