GTA Housing Market in April 2026: More Sales, Fewer Listings, Lower Prices

In April 2026 the Greater Toronto Area recorded 5,946 sales, about 7% more than April 2025, while new listings fell about 9.3%. The average price in April 2026 was about $1,052,000, still roughly 4.9% below a year earlier. More buyers, less supply, and prices that had not recovered yet: the market was turning, slowly.

I am Moe Asgarian, a real estate broker in Toronto, and I go through the TRREB numbers every month because that is where my clients' offers are actually decided. April 2026 was the fourth month in a row with fewer new listings, the fourth month in a row where the average price rose from the month before, and the fourth month in a row where the average price was still below the same month a year earlier.

What April 2026 sales and listings showed

The most important number in the April 2026 report is the number of buyers. Sales in April 2026 reached 5,946, roughly 7% higher than April 2025, so after a long stretch the market was showing signs of buyers returning. The more interesting half is on the supply side: in April 2026 new listings were down about 9.3%. In any market, including Greater Toronto housing, sales rising while supply falls is the setup that moves a market toward competition. As of April 2026 we were beginning to enter a period where buyers compete with each other again.

Why prices were still below a year earlier

If the market is improving, why were prices still down? According to the TRREB report, the average GTA price in April 2026 was about $1,052,000, roughly 4.9% below April 2025, and as of April 2026 the main home price index was down about 6.6% year over year. The market had not entered a price jump phase. What it had entered, as of April 2026, is a window where buyers are in a better position than they were in the previous year or two: prices lower than they were, mortgage rates down from their peak, and plenty of listings still to choose from. My read in April 2026 was that if the trend continued and supply kept shrinking, the buyers sitting on the sidelines would start coming in, because they would begin to feel the opportunity slipping.

Condos stayed the weakest part of the Toronto market

The condo section of that report is the one worth reading twice. In April 2026, condo apartments made up about 57% of active listings in the City of Toronto. In the same month, condo sales were about 6% lower than a year earlier and condo prices were down about 7.5%, so the pressure in the market was still concentrated there. I see three reasons. A very large number of new condos were built over the years before 2026. Investors had become more cautious than before. And maintenance costs, interest rates and general economic pressure meant a lot of people simply were not thinking about buying a condo in the spring of 2026.

Detached homes held up better

Detached houses were the other side of that picture. In April 2026 detached sales showed notable growth, and the average detached price across the GTA was still above $1.6 million as of that month. Families looking for more space were still active buyers in April 2026, and demand for detached homes remained stronger than demand for condos. That gap between the two segments is the single most useful thing in the April 2026 report if you are deciding what to buy or what to list.

Prices across Toronto, York, Halton and Peel

The regional spread in April 2026 was wide. In April 2026 the average price in the City of Toronto was about $1,090,000. In York Region that same month it was about $1,018,000. Halton Region came in above $1,240,000 in April 2026. Peel Region was around $950,000 in that month. That is a large distance between regions of the same GTA, and choosing the right area genuinely matters. If you can invest in a part of the GTA where the pricing is more reasonable, you can count on a better return. I always say the same thing about this market: a home in the GTA is a five year investment at minimum. When I talk about return, I do not mean buying this year and selling next year for a good profit. As of April 2026 you could get real discounts, but the profit takes a few years of patience.

What I told buyers and sellers in April 2026

In April 2026 active listings were still high, around 25,000 across the market, which means buyers had a lot of choice and sellers still had to accept that this was a buyer's market. In a buyer's market you cannot come in with an ambitious price and expect a fast sale. Average time to sell in April 2026 was about 29 days, so the market was not hot yet. Lower interest rates were doing real work in that period, bringing back some buyers who could not qualify before. Against that sits economic uncertainty, and TRREB itself noted in the April 2026 report that if geopolitical tension eased and global trade became clearer, the market could improve further. So in April 2026 the market was caught between two forces: cheaper borrowing and lower prices on one side, economic and political worry on the other. That is why there was no sharp jump. Things were neither as good nor as catastrophic as people claimed. The truth was somewhere in the middle.

If you want to talk about buying or selling in this market, fill out the form at the bottom of this page or book a free consultation. Stay well and take care.