The Toronto Regional Real Estate Board (TRREB) has released its April housing data. Market conditions continued to tighten compared to last year, with sales posting their second consecutive month of year-over-year gains and new listings declining sharply for the third month in a row. Selling prices remained lower than a year ago, building on the improved affordability that has supported buyer activity through the spring.
A total of 5,946 home sales were reported through the MLS system in April, up 7.0% compared to April 2025. New listings fell 9.3% year-over-year to 17,097. Active listings declined to 25,110, down 6.4% from last year. Months of inventory for the region tightened to 4.2, down from 4.3 in March and 5.0 in February, reflecting the steady drawdown of supply through the spring market.
The average GTA home price sold for $1,051,969, representing a 4.9% year-over-year decline. The MLS Home Price Index (HPI) Composite Benchmark was down 6.6% across the GTA (-5.2% in Toronto), an improvement from the 7.4% GTA decline reported in March, and an early indication that the rate of price erosion is moderating. Homes sold in an average of 29 days on market, up 16.0% from a year ago, with final sale prices coming in at 98% of the asking price.
Sales by Property Type
Detached: $1,372,688 (↓ 4.1% year over year / ↑ 2.3% month over month)
Semi-detached: $1,033,469 (↓ 5.2% YoY / ↑ 2.5% MoM)
Townhomes: $839,509 (↓ 7.9% YoY / ↓ 1.3% MoM)
Condominiums: $635,653 (↓ 6.3% YoY / ↑ 2.4% MoM)
Detached homes accounted for the largest share of April sales (46.4%), followed by condominiums (26.1%), townhomes (16.6%), and semi-detached properties (9.5%). All four property types posted gains in sales volume year-over-year, and three of four showed month-over-month price increases, suggesting pricing may be finding a floor as inventory tightens.
April marks the second consecutive month of year-over-year sales gains, and the third straight month of meaningful declines in new listings. With borrowing costs lower than last year and the Bank of Canada overnight rate at 2.25%, the conditions for sustained activity are improving. However, buyers continue to weigh broader economic uncertainty in their decisions. If the supply trend holds in the coming month, price stabilization through late spring becomes a reasonable expectation.
If you are planning to buy or sell this spring, recognizing how these conditions play out at the neighbourhood level is essential. The market continues to evolve, and thoughtful strategy and clear data continue to make a meaningful difference. A Harvey Kalles Real Estate sales representative can help you navigate these conditions with clarity, experience, and a strategy tailored to your goals.