Greater Toronto home sales rise 7% in April

07-Jun-2026

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Home sales in the Greater Toronto Area rose on a year-over-year basis for the second straight month in April, while average selling prices moved lower again.

The Toronto Regional Real Estate Board said 5,946 homes were sold last month, up seven per cent from the same month last year. Sales also increased 6.1 per cent on a seasonally adjusted basis from March.

The average selling price was down 4.9 per cent from April 2025 to $1,051,969. The composite benchmark price, meant to represent the typical home, was down 6.6 per cent year-over-year.

Toronto Regional Real Estate Board chief information officer Jason Mercer said lower home prices and borrowing costs over the past year “have been a catalyst for some homebuyers this spring.”

“However, we still have a substantial amount of pent-up demand in the marketplace,” Mercer said in a news release.

“More certainty on the trade front and an easing in geopolitical tensions would result in further improvements in market activity.”

There were 17,097 new listings on the market in April, down 9.3 per cent from last year.

Inventory decreased 6.4 per cent as there were 25,110 total active listings in the Greater Toronto Area.

While transactions are trending up and inventory has declined, prices haven’t yet stabilized, giving buyers a favourable window to make their move, said Jessica Hammell of Real Broker Ontario.

Hammell said not all homes are selling quickly or above asking price yet.