05/08/2026
April numbers are in for the GTA, and the market is shifting quietly, but meaningfully.
Home sales were up 7% compared to last April, while new listings dropped over 9%. That combination tightened market conditions through the first full month of spring, and it’s starting to matter.
The average GTA home price came in at $1,051,969, down 4.9% year over year. But the bigger story is that different segments are behaving very differently.
Detached homes held up relatively well, particularly in the 905, averaging $1,372,688 across the GTA. Condos remain the softest part of the market with condo apartment prices down roughly 7-8% year over year, sitting at an average of $635,653, and buyers in that segment still have real negotiating power.
Last week, the Bank of Canada decided to hold their policy interest rate at 2.25%. Lower borrowing costs and improved affordability have started bringing more buyers back this spring. With inventory tightening and sales rising, this is no longer the same market buyers were seeing several months ago, but it’s not a runaway seller’s market either. The window of opportunity looks different depending on which side of the transaction you’re on. Either way, strategy matters more than the headlines right now.
Thinking about buying, selling, investing, upsizing or downsizing this year? Let’s talk about what this market means for your specific situation.
