April 2026 Real Estate Market Update

Home values across the Greater Toronto Area rose 3.3% in April, marking the third consecutive monthly gain.

The average sale price was $1,051,969 — an increase of $78,680, or 8.1%, since the beginning of 2026.

Still, prices remain 5% lower from April 2025.

For the first time this year, new listings surpassed 15,000, with 17,097 brought to market in April. Typical spring activity pushed total active listings to 25,110, a 15.7% monthly increase, though inventory remains down by 8.3% compared with April 2025. Despite this yearly decline, listings remain elevated by historical standards, sitting 64% above the long-term monthly average.

When it comes to transactions, sales were up 18% from March — a strong month-over-month increase — and rose 6% year-over-year, driven by lower home prices and borrowing costs compared to last year.

The detached market saw the average sales price rise to $1,372,688, representing a notable rebound of $94,773 since January, when homes were selling for an average $1,277,915. Sales were up 23% from March, and 8% from April 2025.

The semi-detached market recorded another strong month of sales activity — a 27% increase from March. Property values increased 2.5%, bringing the average sales price to $1,033,469.

Townhome prices continue to show stability, with the average sales price at $939,197, holding within a tight $35,000 range since May of last year. Sales saw a 12% monthly gain, while remaining in line with year ago levels.

The condominium market continues to navigate elevated supply levels, which is impacting prices. The average sales price was $635,653, down 21% from peak levels and 6.25% year-over-year, though prices have rebounded 5% from the January low of $604,759. Sales improved and were up 9% both month-over-month and year-over-year.

Overall, the Toronto-area market is exhibiting clear signs of seasonal momentum, with sales activity strengthening across most segments alongside rising new listings. While inventory remains elevated relative to historical norms, the year-over-year decline suggests supply pressures may be gradually easing. If current trends persist, improving demand through the spring and early summer months could begin to absorb excess inventory and support further price stabilization.

If you would like to know how the real estate market specifically performed in your neighbourhood, contact Clare Tattersall at 647-625-3282 or clare@realtorontowest.com.