05/06/2026
The Greater Toronto Area real estate market showed renewed momentum this past April. Home sales increased year-over-year while the supply of available listings trended lower, a shift that suggests market conditions are beginning to tighten.
The April Numbers at a Glance:
Sales Activity: There were 5,946 resale transactions, a 7% increase over April 2025.
Inventory: New listings dropped 9.3% year-over-year. With sales outpacing new supply, inventory now sits at 4.2 months, moving us into a more balanced market.
Pricing: The average selling price was $1,051,969. While this is 4.9% lower than last year, prices actually edged up 3% from March 2026 on a seasonally adjusted basis.
What This Means for You:
Despite the year-over-year price dip, the monthly uptick suggests that competition is returning to certain neighbourhoods. TRREB’s Chief Market Analyst, Jason Mercer, noted that lower borrowing costs and current price points have acted as a catalyst for buyers this spring. However, substantial pent-up demand remains. With further stability in the global economy and trade sector, buying activity is expected to accelerate.
The Condo Spotlight:
Condo sales saw a notable 9% jump compared to last year, even as prices remained roughly 6.3% lower. We are seeing significant interest from first-time buyers and investors, particularly in units under 600 square feet, who are looking to capitalize on current market conditions while interest rates remain steady.
Whether you are looking to take advantage of the current selection or are curious about how these tightening conditions affect your home’s value, I am here to help.
I look forward to connecting with you soon.
