Greater Toronto home sales rose 7% in April compared with the same month last year, as lower prices helped to jolt the spring market into action, according to data released by the Toronto Regional Real Estate Board (TRREB).
Sales and Price Trends
The board reported that 7,114 homes changed hands in April, up from 6,650 in April 2025. The average selling price fell 2.3% year-over-year to $1,089,000, providing some relief for buyers who had been priced out of the market. The benchmark price, which adjusts for the type of home sold, slipped 1.1%.
“Lower borrowing costs and more affordable home prices are drawing buyers back into the market,” said TRREB President Jennifer Pearce. “We’re seeing increased activity across all housing types, particularly in the condo and townhouse segments.”
Inventory and Market Conditions
New listings rose 12% to 14,200, giving buyers more choice. Active listings at the end of April stood at 18,500, up 15% from a year earlier. The sales-to-new-listings ratio tightened to 50%, indicating a balanced market.
“The spring market is finally showing signs of life after a sluggish winter,” said Jason Mercer, TRREB’s chief market analyst. “With more inventory and lower prices, conditions are favorable for buyers, but we expect competition to intensify as demand picks up.”
Detached home sales increased 5%, while condo sales surged 11%. The average days on market edged down to 28 days from 31 days a year ago.
Outlook
TRREB forecasts continued moderate price growth through the rest of 2026, assuming stable interest rates and economic conditions. “We’re cautiously optimistic that the spring momentum will carry forward,” Pearce added.
