Home sales in the Greater Toronto Area saw a consecutive year-over-year increase for the second month in a row in April, with a decline in average selling prices. The Toronto Regional Real Estate Board (TRREB) reported that 5,946 homes were sold in April, marking a seven percent rise compared to the previous year. Sales also saw a 6.1 percent increase when adjusted for seasonal variations from March.
The average selling price dropped by 4.9 percent from April 2025 to $1,051,969, while the composite benchmark price, representing the typical home, decreased by 6.6 percent year-over-year. According to TRREB’s chief information officer, Jason Mercer, the reduced home prices and borrowing costs in the past year have motivated some homebuyers this spring. Mercer mentioned that there is still considerable pent-up demand in the market and highlighted the potential for further market activity improvements with more trade certainty and geopolitical tensions easing.
New listings in April totaled 17,097, showing a 9.3 percent decrease from the previous year. Inventory also decreased by 6.4 percent, with a total of 25,110 active listings in the Greater Toronto Area. Jessica Hammell from Real Broker Ontario noted that while transactions are increasing and inventory is dropping, prices have yet to stabilize, offering buyers a favorable window of opportunity.
In the City of Toronto, there were 2,312 sales in April, up by 9.2 percent from the same period in 2025. Home sales across the rest of the GTA saw a 5.7 percent increase to 3,634. All housing types experienced increased activity, with detached home sales rising by 9.2 percent and condo sales by 9.1 percent year-over-year. Townhouses and semi-detached homes also saw slight increases in sales.
The surge in condo sales during April may indicate a positive trend for this property segment, which has faced challenges in recent years due to a supply-demand imbalance. Hammell mentioned that the current market conditions have created opportunities for first-time buyers to enter the market and take advantage of improved affordability.
The rise in home sales and the ongoing shift in property values present opportunities for buyers looking to make a move in the Greater Toronto Area real estate market.