Home sales in the Greater Toronto Area experienced an increase for the second consecutive month in April compared to the same period last year. The Toronto Regional Real Estate Board (TRREB) reported that 5,946 homes were sold in April, marking a seven percent rise year-over-year. Additionally, sales saw a 6.1 percent increase when adjusted for seasonal variations from March.
In terms of pricing, the average selling price dropped by 4.9 percent to $1,051,969 from April 2025. The composite benchmark price, reflecting the typical home, also decreased by 6.6 percent year-over-year.
Jason Mercer, the Chief Information Officer at TRREB, attributed the increased homebuying activity in the spring to lower home prices and borrowing costs over the past year. Mercer mentioned that there is still considerable pent-up demand in the market and anticipated further improvements with more certainty in trade relations and reduced geopolitical tensions.
New listings in April totaled 17,097, reflecting a 9.3 percent decline from the previous year. Inventory decreased by 6.4 percent, with a total of 25,110 active listings in the Greater Toronto Area. Despite the rising transactions and decreasing inventory, prices have not yet stabilized, offering buyers a favorable window to make their purchases, as noted by Jessica Hammell from Real Broker Ontario.
Hammell highlighted that while some well-positioned and well-priced properties are seeing competition and multiple offers, others in less desirable areas give buyers more negotiating power. The constrained supply of listings and increasing market activity could further impact prices in the future.
City of Toronto registered 2,312 sales in April, a 9.2 percent increase from the same period in 2025. Home sales in the rest of the Greater Toronto Area also rose by 5.7 percent to 3,634. All housing types experienced increased activity, with detached home sales up by 9.2 percent and condo sales by 9.1 percent year-over-year. Townhouses and semi-detached homes also saw slight increases in sales.
The surge in condo sales in April may indicate a positive shift in that property segment, reversing a trend of declining sales due to a mismatch between supply and demand. With new opportunities emerging for first-time buyers due to decreased property values, Hammell emphasized that many buyers are now taking advantage of improved market affordability conditions to enter the real estate market and climb the property ladder.