Market Insights | April 2026
April brought continued momentum across the Toronto housing market with buyer activity picking up as the spring season progresses.
Home sales increased 7% year-over-year, while new listings declined by 9.3%, contributing to tighter market conditions in some neighbourhoods. Despite improving activity, buyers continued to benefit from lower prices, greater choice, and negotiating power compared to last year.
Lower home prices and borrowing costs encouraged more buyers to re-enter the market in April. The average home sold for $1,051,969, down 4.9% annually, while benchmark prices were down 6.6% year-over-year.
On a month-over-month basis, sales increased at a faster pace than new listings, suggesting competition could continue building through the spring market. Selling prices also edged up slightly compared to March, while benchmark prices remained flat month-over-month.
