Home sales in the Greater Toronto Area saw an increase in April compared to the same period last year, marking the second consecutive month of growth. The Toronto Regional Real Estate Board (TRREB) reported a total of 5,946 homes sold in April, representing a seven percent rise year-over-year. Additionally, sales were up by 6.1 percent on a seasonally adjusted basis from the previous month.
During the same period, the average selling price experienced a decline of 4.9 percent from April 2025, settling at $1,051,969. The composite benchmark price, reflecting the standard home, also decreased by 6.6 percent compared to the previous year.
TRREB’s chief information officer, Jason Mercer, attributed the surge in homebuyers partly to the decreased home prices and borrowing costs observed over the past year. Mercer mentioned that despite the recent market activity, there is still a considerable amount of pent-up demand in the housing sector.
New listings in April totaled 17,097, marking a 9.3 percent drop from the previous year. Furthermore, the inventory decreased by 6.4 percent, with a total of 25,110 active listings in the Greater Toronto Area. Real Broker Ontario’s Jessica Hammell noted that while transactions are increasing and inventory is dwindling, prices have not yet stabilized, providing buyers with an advantageous opportunity to enter the market.
In the City of Toronto, there were 2,312 home sales in April, representing a 9.2 percent increase from the same month in 2025. Across the rest of the Greater Toronto Area, home sales rose by 5.7 percent to reach 3,634.
All housing types experienced heightened activity in the region, with detached home sales leading the way with a 9.2 percent year-over-year increase. Condo sales also saw a significant uptick of 9.1 percent, while townhouses and semi-detached homes recorded more modest increases of 0.6 percent and 0.4 percent, respectively.
The boost in condo sales during April could indicate a positive shift in that segment of the property market. In recent years, GTA condo sales had been declining due to an imbalance between available inventory and buyer demand, following consecutive years of high completion rates.
The increased supply in the market has led to a decline in property values, creating new opportunities for first-time buyers, according to Hammell. She emphasized that many buyers are taking advantage of the improved market affordability conditions to enter the housing market and start building equity.