Home sales in the Greater Toronto Area saw an increase compared to the previous year for the second consecutive month in April. At the same time, average selling prices continued to decline.
The Toronto Regional Real Estate Board (TRREB) reported a total of 5,946 homes sold in April, reflecting a seven percent rise from the corresponding period in the prior year. Additionally, sales were up by 6.1 percent when adjusted for seasonal variations compared to March.
The average selling price dropped by 4.9 percent from April 2025, settling at $1,051,969. The composite benchmark price, which represents the average home, also decreased by 6.6 percent year-over-year.
Jason Mercer, the chief information officer at TRREB, attributed the increased homebuyer activity in part to lower home prices and borrowing costs observed over the past year. He mentioned that despite these favorable conditions, there remains pent-up demand in the market.
The number of new listings in April totaled 17,097, marking a 9.3 percent decline from the previous year. Concurrently, the total active listings in the Greater Toronto Area decreased by 6.4 percent to 25,110.
Jessica Hammell from Real Broker Ontario noted that although sales are on the rise and inventory is shrinking, prices have not yet stabilized. This situation presents a favorable opportunity for buyers to act decisively.
In April, home sales in the City of Toronto reached 2,312, showing a 9.2 percent increase from the same period in 2025. Across the rest of the GTA, home sales rose by 5.7 percent to 3,634.
All housing types experienced heightened activity in the region, with detached home sales increasing by 9.2 percent year-over-year and condo sales rising by 9.1 percent. Townhouses and semi-detached homes also saw slight upticks in sales.
The surge in condo sales during April may signal a positive shift in this property segment, which has faced challenges in recent years due to imbalances between supply and demand.
With the influx of new supply, property values have declined, creating opportunities for first-time buyers to enter the market. Hammell mentioned that many buyers are taking advantage of improved affordability conditions to fulfill their homeownership aspirations.
