TORONTO – Home sales in the Greater Toronto Area (GTA) showed an upward trend, increasing for the second consecutive month in April. The Toronto Regional Real Estate Board (TRREB) reported that a total of 5,946 homes were sold in April 2026. This figure marked a seven percent rise compared to the same month last year, and sales also saw a 6.1 percent increase on a seasonally adjusted basis from March.
According to TRREB's Chief Information Officer, Jason Mercer, the dual factors of lower home prices and reduced borrowing costs over the past year have stimulated interest among homebuyers this spring. Mercer highlighted that despite the uptick in sales, there remains a significant amount of pent-up demand in the market, indicating that many potential buyers are still looking for opportunities.
However, not all indicators were positive. The average selling price of homes experienced a decline of 4.9 percent year-over-year, registering at $1,051,969 for April 2026. Additionally, the composite benchmark price, which reflects the typical home value, decreased by 6.6 percent compared to the same month a year prior. This trend in falling prices suggests that while sales are increasing, the market is still grappling with affordability challenges.
On the supply side, the number of new listings in the GTA was reported at 17,097 in April, which is a notable decline of 9.3 percent compared to the previous year. This decrease in new listings contributes to the tightening of the inventory, which has shrunk by 6.4 percent, resulting in a total of 25,110 active listings across the region.
The real estate landscape in the Greater Toronto Area during this period presents a complex picture. While there is an increase in home sales driven by favorable borrowing conditions and lower prices, the ongoing reduction in new listings and overall inventory suggests that the market may be headed toward a potential supply crunch. Such dynamics may intensify the competition among buyers as they navigate a landscape of limited options.
As the year progresses, it will be essential to monitor how these trends evolve and whether the balancing act between supply and demand will stabilize or lead to further changes in the GTA real estate market.
