05/06/2026
Toronto Real Estate MARKET UPDATE:
The Toronto Regional Real Estate Board (TRREB) April data shows a tightening market, with sales rising for the second straight month year-over-year and new listings declining for the third consecutive month. Improved affordability continues to support buyer activity despite prices remaining below last year’s levels.
A total of 5,946 homes sold (+7.0% YoY), while new listings dropped 9.3% to 17,097. Active listings declined 6.4% to 25,110, with months of inventory tightening to 4.2—reflecting reduced supply through the spring market.
The average GTA home price was $1,051,969 (↓ 4.9% YoY). The HPI Composite Benchmark declined 6.6% across the GTA, an improvement from March, indicating that price declines are beginning to moderate. Homes sold in 29 days on average, achieving 98% of asking.
By Property Type
Detached: $1.37M (↓ 4.1% YoY / ↑ 2.3% MoM)
Semi: $1.03M (↓ 5.2% / ↑ 2.5%)
Townhomes: $839K (↓ 7.9% / ↓ 1.3%)
Condos: $635K (↓ 6.3% / ↑ 2.4%)
All property types saw increased sales activity year-over-year, with most showing monthly price gains—suggesting values may be stabilizing as inventory tightens.
With borrowing costs lower and the Bank of Canada overnight rate at 2.25%, conditions are improving, though buyers remain cautious. If supply continues to decline, price stabilization through late spring is likely.
Reuters reported this was the largest gain in GTA home sales in nine months, while prices showed signs of stabilizing.
So what does this mean?
• More buyers may be stepping back into the market as prices soften, but affordability is still fragile.
• Sales are rising, listings are falling, and prices are starting to stabilize month-over-month.
That does not mean Toronto is suddenly back in a boom - but it could signal the market is moving into a more cautious stabilization phase.
DM me or REACH out to me personally for all things Real Estate