Greater Toronto home sales rise 7% in April as lower prices jolt spring market: board

Jason Mercer Toronto Regional Real Estate Board breaks down the latest numbers from April signaling a rise in home sales.

TORONTO — 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.

TRREB 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 GTA.

There were 2,312 sales last month in the City of Toronto, a 9.2 per cent increase from April 2025. Across the rest of the GTA, home sales were up 5.7 per cent to 3,634.

All housing types saw increased activity throughout the region last month, led by a 9.2 per cent year-over increase in detached home sales, along with 9.1 per cent more condo sales.

Sales of townhouses and semi-detached homes ticked up 0.6 per cent and 0.4 per cent, respectively.

This report by The Canadian Press was first published May 5, 2026.

Sammy Hudes, The Canadian Press