05/28/2026
In April 2026, new low-rise home sales in the Greater Toronto Area (GTA) exceeded the ten-year average following the introduction of the HST rebate program, marking the first time in the past three years that sales have surpassed the ten-year average. A total of 1,100 units were sold in April, representing a significant rebound from the record low level in April last year. Of these, 199 were condominium apartments, 88% below the ten-year average. Sales of new single-family homes totaled 901 units, also showing a significant increase compared to April last year and exceeding the ten-year average by 21%.
The benchmark price for new condominium apartments in April was approximately $1.03 million, down 0.1% year-over-year. Meanwhile, the benchmark price for new single-family homes was approximately $1.42 million, reflecting a 7.1% year-over-year decline.
In addition, the remaining inventory of new homes stood at 19,044 units, including 13,331 condominium apartment units and 5,713 single-family home units.
