April 2026 - Market Stats

May 12
4 min read

What Trends are we Seeing? Perspective can be everything. For those of you seeking a clear sign of the real estate market recovering, consider these points:

April 2026 marks the third month in a row that the Greater Toronto area real estate prices rose
Prices are currently sitting at a five-month high
The Toronto Regional Real Estate Board (TRREB) reported a seven per cent increase in number of transactions on a year-over-year basis in April
There were 9.3 per cent less new listings uploaded to TRREB in April on a year-over-year basis

For those more conservative real estate observers concerned that choppy waters have yet to subside, the data paints a more cautious picture:

The number of transactions reported on TRREB, while higher than April 2025, is still 18.5 per cent below the April 2024 volume
The Sales to New Listing Ratio improved in April due to a reduction in new product hitting the market; however, it sits at 34.8 per cent which is still a “buyer’s” market by definition
Total number of active listings is the second highest in 16 years and double the inventory seen in the 2022-2023 years where the real estate correction commenced
There has been a 26.2 per cent drop in prices since peak (February 2022)

What we’re seeing on the ground mirrors exactly what the data above shows - it’s a mixed picture. It all comes down to area, property type, and price point. We have noticed that in the $1.0 to $1.5 million price range for freehold homes there is a lot of activity. Sellers are receiving multiple offers and able to set the tone of negotiations. In the higher price range (above $3.0 million) we are starting to see some increased activity with respect to buyers more frequently coming out to view the product that is available and, in some instances, seeing multiple offers on homes that have been listed for extended periods of time.

What Lies Ahead?

When we look at what lies ahead for the real estate market this year, the same themes continue to emerge. Oil supply remains one of the biggest concerns, even as discussions surrounding the Canada-United States-Mexico Agreement (CUSMA) could bring some economic relief. Many believe that if the cost of oil remains above $80 per barrel, inflation spreading beyond the energy sector will only be a matter of time which will then force the hand of Bank of Canada (BoC) to adjust its interest rate position. Some estimates expect that the Strait of Hormuz could be blocked for an additional four weeks before infrastructure challenges significantly impact the Middle East.

So far, the Middle East has impacted fixed mortgage rates as the gap between fixed and variable mortgage rates has widened to between 20 to 46 basis points. Those buyers who were sitting at the edge of the sidelines waiting to come into the market have still done so (note the increased sales activity from 2025) and nearly 50 per cent of them have taken variable rates as the pathway forward.

Canada’s most recent unemployment figures showed the unemployment rate increasing to 6.9 per cent, as the economy lost 18,000 jobs in April and a total of 112,000 jobs in the first four months of 2026. One of the biggest concerns within the report was the loss of 49,000 full-time jobs. This impacts those who may have been considering larger purchases, such as cars or homes, and could create opportunities for buyers who come across sellers looking to use equity from their current real estate asset to offset lost income and maintain financial stability.

For Buyers, let’s talk about which area, market segment and price point you are considering. The narrative to the conversation and next steps will differ drastically. In some instances, we will be out looking for opportunities and in others we will be acting quickly to avoid a rush of other buyers. Connect to learn whether your next purchase is opportunity focused or ensuring that the market doesn’t take off on you and you’re saying, “I wish I had”.

For Sellers, there have been three consecutive months of price increases. Speak to any active realtor and they will acknowledge that the market is responding in a very unique way for each listing that is posted. In some instances, there is a rush of buyers and in others there is a slow flow of viewings. Connect to learn which pocket your property would fall into from an activity level perspective.

What is Happening with Sale Prices

Sale Price Comparison
Product Type	Changes from April 2025 to April 2026		Changes from March 2026 to April 2026
	Toronto	GTA	Toronto	GTA
Detached	-1.9%	-5.0%	+3.5%	+0.7%
Semi-Detached	+1.5%	-10.1%	+4.4%	-2.1%
Townhouse	-5.9%	-9.0%	-0.2%	-1.6%
Condominium	-6.4%	-7.5%	+2.7%	+1.5%

Number of Transactions Trend

When comparing April 2026 to April 2025, we saw the following trend:

Categories	April 2026	April 2025	Percentage Change
Number of Transactions	5,946	5,556	+7.0%
Number of New Listings	17,097	18,847	-9.3%
Number of Active Listings	25,110	26,813	-6.4%

When comparing April 2026 to March 2026, we saw the following trend:

Categories	April 2026	March 2026	Percentage Change
Number of Transactions	5,946	5,039	+18.0%
Number of New Listings	17,097	14,442	+18.4%
Number of Active Listings	25,110	21,596	+16.3%

Looking into the different geographic pockets of Toronto and the GTA we notice the following changes in number of transactions when comparing April 2026 year-over-year to April 2025 and month-over-month to March 2026. The breakdown per area and product type are as follows:

Number of Transactions Comparison
Product Type	Changes from April 2025 to April 2026		Changes from March 2026 to April 2026
	Toronto	GTA	Toronto	GTA
Detached	+6.6	+10.3%	+34.1%	+19.7%
Semi-Detached	-6.0%	+5.5%	+39.4%	+19.9%
Townhouse	+12.2%	-2.5%	+11.1%	+12.9%
Condominium	+14.4%	-0.6%	+10.8%	+5.9%