Toronto Regional Real Estate Board: April 2026 Sees Benchmark Price Dip Below $1 Million in Buyer's Market

Toronto Regional Real Estate Board — April 2026

The Toronto Regional Real Estate Board reports the Composite Benchmark Price for April 2026 at $988,200, marking a decline from the prior month. Total sales reached 54, indicating a slower pace in what is characterized as a buyer's market. The Composite Benchmark Price also shows an 11.3% year-over-year decrease.

Market Analysis

The Toronto Regional Real Estate Board's market analysis for April 2026 indicates a shift towards a buyer-friendly environment. The Composite Benchmark Price registered at $988,200, a decrease from March 2026's $1,003,600. This figure also represents an 11.3% year-over-year decline, with the average price for the month standing at $994,216.

Sales activity saw a slight dip, with 54 total sales recorded in April 2026, down from 56 sales in March 2026. Concurrently, new listings totaled 216, contributing to an increase in active listings to 361, up from 296 in the previous month. This dynamic results in a sales-to-new-listings ratio (SNLR) of 25.0%.

The supply-demand balance has clearly shifted, with Months of Inventory (MOI) rising to 6.7 in April 2026 from 5.3 in March 2026. This extended inventory period, combined with the lower SNLR, reinforces the classification of the market as a buyer's market, offering more choice and potentially greater negotiation leverage for purchasers.

Property Type Analysis

The Toronto Regional Real Estate Board did not publish specific benchmark prices or sales figures for detached, attached/townhouse, or apartment property types for April 2026. Consequently, a detailed comparison of performance across these distinct segments is not available for this reporting period.

Regional Highlights

Specific regional data and trends are not available for this reporting period from the Toronto Regional Real Estate Board.

For Buyers

With the market currently favouring buyers, potential purchasers may find more negotiation room and a wider selection of properties. The increase in active listings to 361 and a Months of Inventory of 6.7 suggest less urgency, allowing buyers more time for due diligence and strategic offers in April 2026.

For Sellers

Sellers in April 2026 face a more challenging environment, characterized by increased inventory and a slower pace of sales. Strategic pricing, professional staging, and effective marketing become even more crucial to attract interest and secure a sale in a market with 361 active listings and a 25.0% sales-to-new-listings ratio.