The Greater Toronto Area (GTA) real estate market tightened modestly in April 2026 as spring activity continued to build. Sales increased compared to the same time last year, while fewer New Listings entered the market, reducing the amount of fresh inventory available to buyers. Although buyers still had strong negotiating power and improved affordability, conditions became slightly more competitive in some neighbourhoods throughout the month.
Lower home prices and borrowing costs continued to support buyer activity across the GTA. On a month-over-month basis, both Sales and New Listings increased compared to March, but Total Sales rose at a faster pace, suggesting demand is absorbing inventory quicker than earlier in the year. At the same time, average selling prices remained below April 2025 levels, while month-over-month pricing trends were relatively stable, suggesting the market may be levelling out after a prolonged period of adjustment.
Here are the detailed statistics from April:
GTA
Average Sales Price
March 2026 to April 2026: $1,017,796 to $1,051,969 (+3.4%).
April 2025 to April 2026: $1,106,505 to $1,051,969 (-4.9%).
Average selling prices in the GTA increased by 3.4 percent from March to April 2026, as spring market activity strengthened and demand began to absorb inventory more quickly. However, prices remained 4.9 percent lower than April 2025 levels, continuing to provide buyers with improved affordability and negotiating power compared to last year’s market.
Total Sales
March 2026 to April 2026: 5,039 to 5,946 (+18.0%).
April 2025 to April 2026: 5,556 to 5,946 (+7.0%).
GTA home sales increased by 18.0 percent from March to April 2026 as the spring market continued to build momentum. Compared to April 2025, sales were up 7.0 percent, suggesting more buyers are re-entering the market as affordability improves and confidence gradually stabilizes.
New Listings
March 2026 to April 2026: 14,442 to 17,097 (+18.4 %).
April 2025 to April 2026: 18,847 to 17,097 (-9.3%).
Active Listings
March 2026 to April 2026: 21,596 to 25,110 (+16.3%).
April 2025 to April 2026: 26,813 to 25,110 (-6.4%).
New Listings in the GTA increased by 18.4 percent from March to April 2026 as more sellers joined the spring market. However, listing activity remained 9.3 percent lower than April 2025, indicating that new supply continues to trend below last year’s levels. Active Listings followed a similar pattern, rising seasonally month-over-month but remained 6.4 percent lower year-over-year, contributing to gradually tightening market conditions across the region.
Toronto
Average Sales Price
March 2026 to April 2026: $1,022,874 to $1,091,761 (+6.7%).
April 2025 to April 2026: $1,144,977 to $1,091,761 (-4.6%).
Average selling prices in the City of Toronto increased by 6.7 percent from March to April 2026 as spring market activity strengthened and buyer demand improved through the month. Despite this seasonal increase, prices remained 4.6 percent lower than in April 2025, continuing the broader trend of improved affordability compared to last year.
Total Sales
March 2026 to April 2026: 1,913 to 2,312 (+20.9%).
April 2025 to April 2026: 2,129 to 2,312 (+8.6%).
Total home sales in the City of Toronto increased by 20.9 percent from March to April 2026 as spring market activity accelerated. Compared to April 2025, sales were also up by 8.6 percent, suggesting that improving affordability and stabilizing market conditions are encouraging more buyers to re-enter the market.
New Listings
March 2026 to April 2026: 5,301 to 6,136 (+15.7%).
April 2025 to April 2026: 7,105 to 6,136 (-13.6%).
Active Listings
March 2025 to April 2026: 8,189 to 9,260 (+13.1%).
April 2025 to April 2026: 10,563 to 9,260 (-12.3%).
New Listings in the City of Toronto increased by 15.7 percent from March to April 2026 as more properties came on the market during the spring season. However, both New and Active Listings remained notably lower than April 2025 levels, down 13.6 percent and 12.3 percent, respectively. This indicates that overall inventory remains tighter than a year ago despite the seasonal increase in supply.
SNLR – Sales to New Listings Ratio (March to April) – The number of Total Sales that occur (supply coming off the market) to New Listings coming on (supply coming onto the market).
GTA: 34.1% to 34.6%.
City of Toronto: 34.9% to 35.7%.
= Buyer’s Territory
40-60% indicates a balanced market, and under 40% is buyer’s market territory. We’ve been in this range in the GTA since August 2023. Overall, buyers currently have more leverage and opportunities than sellers.
Outlook
The GTA market continues to move gradually toward more balanced conditions as the spring market progresses. Buyers still have choice and negotiating leverage in many areas, but if listing inventory remains limited while demand improves, competition and price stability could increase through the remainder of 2026.
Are you waiting to get into the market? I can help guide you on when your best option is.
Thinking of moving to the next stage? Let’s chat. Send me an email (hillary@hillarylane.ca) or text/phone (416-882-4707).
