Toronto, May 28, 2025 (GLOBE NEWSWIRE) — Greater Toronto Area, May 28, 2025 – Greater Toronto Area (GTA) new home sales remained extremely low in April, showing little change from earlier months and marking a seventh consecutive month of record all-time lows, eclipsing the 1990 downturn, the Building Industry and Land Development Association (BILD) announced today.
There were 310 new home sales in April which was down 72 per cent from April 2024 and 89 per cent below the 10-year average, according to Altus Group*, BILD’s official source for new home market intelligence. Historically, new home sales for a typical April in the GTA would be 2,750 units based on the previous 10-year average.
“April 2025 new home sales across the GTA have extended the slowest period of sales on record,” said Edward Jegg, Research Manager at Altus Group. “Buyers crave predictability and the swirling uncertainty around the impact of possible tariffs is depriving would-be purchasers of the confidence they need to move ahead.”
Condominium apartments, including units in low, medium and high-rise buildings, accounted for 105 units sold in the GTA in April, down 80 per cent from April 2024 and …