05/08/2026
APRIL HOUSING UPDATE 🏡
📈 Sales & Listings:
5,946 homes sold in April 2026, a 7% increase compared to April 2025.
New listings totalled 17,097, down 9.3% year-over-year, meaning fewer homes entered the market compared to last April.
On a seasonally adjusted basis, both sales and listings increased compared to March 2026, with sales rising at a faster pace — suggesting increased competition in some neighbourhoods.
💰 Prices:
The MLS® Home Price Index (HPI) Composite benchmark was down 6.6% year-over-year in April 2026.
The average selling price was $1,051,969, representing a 4.9% decrease compared to April 2025.
On a month-over-month seasonally adjusted basis, the average selling price edged up compared to March 2026, while the MLS® HPI Composite remained flat.
📊 Market Trends & Context:
Buyers continued to benefit from lower prices and borrowing costs, improving affordability across the GTA market.
Increased buyer activity this spring suggests more confidence is returning to the market.
With listings trending lower and sales increasing, market conditions are beginning to tighten, which could lead to more balanced conditions and price stabilization later this year.
TRREB also highlighted the need for continued housing policy reforms to reduce municipal red tape and improve housing supply and affordability across Ontario.
🧭 Overall Takeaway:
April showed stronger buyer activity alongside declining inventory, creating tighter market conditions across the GTA. While prices remain lower than last year, improved affordability and growing demand could signal a shift toward a more competitive market as 2026 progresses.
Kasia Gorzkowski | REALTOR®
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