Toronto Regional Real Estate Board: April 2026 Sees 5,946 Home Sales, Composite Benchmark Price $944,100, New Listings 17,097, Price YoY Change -6.6%

Toronto Regional Real Estate Board — April 2026

The Toronto Regional Real Estate Board (TRREB) reported 5,946 home sales through its MLS® System in April 2026. The Composite Benchmark Price for the month was $944,100, representing a year-over-year decrease of 6.6%. New listings entered into the MLS® System amounted to 17,097.

Market Analysis

The Toronto Regional Real Estate Board (TRREB) reported 5,946 home sales through its MLS® System in April 2026. This represents an increase of seven per cent compared to April 2025, as stated by TRREB. The MLS® Home Price Index (MLS® HPI) Composite benchmark was $944,100 in April 2026, down by 6.6 per cent year-over-year. The average selling price, at $1,051,969, was down by 4.9 per cent compared to April 2025. New listings entered into the MLS® System amounted to 17,097, which was down by 9.3 per cent year-over-year.

Compared to March 2026, the Composite Benchmark was $941,800. On a seasonally adjusted basis, April 2026 home sales and new listings were up month-over-month compared to March 2026, with sales up by a greater monthly rate than new listings, potentially suggesting more competition between buyers in some neighbourhoods, according to TRREB. The average selling price edged up compared to March 2026 on a month-over-month seasonally adjusted basis, while the MLS® HPI Composite was flat over the same period. TRREB President Daniel Steinfeld stated, "We have experienced an uptick in home buying activity so far this spring. Buyers have taken advantage of more affordable housing market conditions on the back of lower home prices. If market conditions continue to tighten and home prices level off, this could be a signal to intending homebuyers who remain on the sidelines." TRREB’s Chief Information Officer Jason Mercer added, "Lower home prices and borrowing costs over the past year have been a catalyst for some homebuyers this spring. However, we still have a substantial amount of pent-up demand in the marketplace. More certainty on the trade front and an easing in geopolitical tensions would result in further improvements in market activity." TRREB CEO John DiMichele commented, "We recently released a major new housing policy report, ‘Removing Roadblocks: Tackling Municipal Barriers to Housing Supply and Affordability in Ontario,’ outlining the next phase of provincial housing policy reforms needed to build more of the right types of homes and improve affordability for Ontarians. While historic progress has been made, we must continue the work of removing the decades of legislative and regulatory red tape, outdated local rules, and rising municipal costs that are blocking new housing in Ontario. This report is a roadmap for cutting red tape and unlocking new housing supply."

Property Type Analysis

In April 2026, the benchmark price for Detached properties was $1,156,100. For Attached/Townhouse properties, the benchmark price was $688,900. The benchmark price for Apartment properties was $540,200.