05/09/2026
📉 GTA Market Update: April 2026 🏠
The Spring market is heating up! While benchmark prices have seen a dip compared to last year, sales activity is on the rise, and a drop in new listings is creating tighter competition for buyers.
If you’ve been waiting for the "right time," the numbers suggest the market is finding its new rhythm.
📊 The Quick Breakdown:
Total Sales: 5,946 (⬆️ 7.0% YoY) – Buyers are back in action!
New Listings: 17,097 (⬇️ 9.3% YoY) – Inventory is tightening.
Average Price: $1,051,969 (⬇️ 4.9% YoY)
Days on Market: 29 days (Average)
💰 Average Prices by Home Type:
🏡 Detached: $1,372,688 (⬇️ 4.1%)
🏡 Semi-Detached: $1,033,469 (⬇️ 5.2%)
🏘️ Townhouse: $839,509 (⬇️ 7.9%)
🏢 Condo: $635,653 (⬇️ 6.3%)
🏦 Financing Context:
With the Bank of Canada overnight rate at 2.3% and the Prime rate at 4.5%, borrowing conditions have shifted significantly compared to previous years.
The Bottom Line: Fewer new listings combined with higher sales volume means we are seeing a shift toward a "seller’s advantage" in specific pockets of the GTA.
Curious about what your home is worth in today’s market? DM me for a free evaluation! 📩