Toronto Regional Real Estate Board: April 2026 Market Remains Balanced with Benchmark Price at $564,800

Toronto Regional Real Estate Board — April 2026

The Toronto Regional Real Estate Board reports a balanced market in April 2026, with the Composite Benchmark Price reaching $564,800. Total sales for the month stood at 164, while the average price was $687,016. This represents a 6.0% year-over-year decrease in the Composite Benchmark Price.

Market Analysis

The Toronto Regional Real Estate Board's market analysis for April 2026 indicates a balanced market condition. The Composite Benchmark Price for the month was $564,800, an increase from March 2026's $559,600. However, this benchmark price reflects a 6.0% decrease compared to April of the previous year. The average price across all property types in April 2026 was $687,016.

Sales activity saw an uptick, with 164 transactions recorded in April, up from 141 sales in March 2026. New listings also increased to 486, contributing to a rise in active listings to 849, compared to 787 in the prior month. The Sales-to-New Listings Ratio (SNLR) stands at 33.7%, reinforcing the balanced market assessment.

Months of Inventory (MOI) registered at 5.2 in April 2026, a slight decrease from 5.6 in March 2026. This indicates that while inventory levels have risen, the pace of sales has absorbed a portion of the available supply, preventing a significant shift towards a buyer's market despite the year-over-year price adjustment.

Property Type Analysis

Specific data regarding benchmark prices and sales volumes for individual property types, including Detached, Attached/Townhouse, and Apartment categories, is not available for this reporting period from the Toronto Regional Real Estate Board. Therefore, a detailed comparison of performance across these segments cannot be provided.

For Buyers

In a balanced market, buyers benefit from increased options and potentially less intense competition. With active listings at 849, prospective buyers have more properties to consider. It is advisable for buyers to conduct thorough due diligence, understand local market nuances, and work with a real estate professional to identify properties that align with their long-term financial goals.

For Sellers

Sellers in April 2026 operate within a balanced market, where competitive pricing and property presentation are crucial. With 486 new listings and 849 active listings, properties must stand out to attract offers. Sellers should consult with their real estate agent to strategically price their homes, prepare them for market, and effectively navigate negotiations to achieve a successful sale.