April 2026
The Greater Toronto Area housing market continued to show signs of strengthening in April 2026, as home sales increased while the number of new listings declined compared to the same time last year. According to GTA REALTORS® through TRREB’s MLS® System, 5,946 homes were sold in April 2026, marking a seven per cent increase over April 2025. Meanwhile, new listings totaled 17,097, representing a 9.3 per cent year-over-year decline.
On a seasonally adjusted basis, both sales and new listings rose month-over-month compared to March 2026. However, sales increased at a faster pace than new listings, suggesting that competition among buyers may be beginning to intensify in certain neighbourhoods across the GTA.
Despite the rise in sales activity, home prices remained lower than they were one year ago. The MLS® Home Price Index (MLS® HPI) Composite benchmark declined by 6.6 per cent year-over-year in April 2026. The average selling price across the GTA came in at $1,051,969, down 4.9 per cent compared to April 2025.
However, there were some early signs of price stabilization on a month-over-month basis. Seasonally adjusted data showed that the average selling price edged slightly higher in April compared to March 2026, while the MLS® HPI Composite benchmark remained relatively flat over the same period.
Overall, the April 2026 market data points to improving buyer activity and tightening supply conditions, which could lead to increased market competition if current trends continue into the coming months.
Sources & Notes
i - Statistics Canada, Quarter-over-quarter growth, annualized.
ii - Statistics Canada, Year-over-year growth for the most recently reported month.
iii - Bank of Canada, Rate from most recent Bank of Canada announcement.
iv - Bank of Canada, Rates for most recently completed month.
v - Information supplied by TRREB
