Toronto Regional Real Estate Board: April 2026 Market Shifts to Buyers with Benchmark Price at $902,900

Toronto Regional Real Estate Board — April 2026

The Toronto Regional Real Estate Board reports the Composite Benchmark Price for April 2026 settled at $902,900, marking a 6.5% year-over-year decrease. With total sales holding steady at 72 transactions and months of inventory rising to 6.5, market conditions in the Toronto region are characterized as favoring buyers.

Market Analysis

The Toronto Regional Real Estate Board's data for April 2026 indicates a continued shift in market dynamics. The Composite Benchmark Price experienced a slight month-over-month decline, moving from $912,500 in March 2026 to $902,900 in April 2026. This adjustment aligns with the broader trend of a 6.5% year-over-year price decrease.

Supply-side metrics show an increase in available properties. Active listings rose significantly to 469 in April, up from 383 in March. This growth in inventory, coupled with total sales remaining consistent at 72 transactions month-over-month, has contributed to an elevated Months of Inventory (MOI) figure of 6.5, compared to 5.3 in the prior month. The Sales-to-New Listings Ratio (SNLR) stands at 25.3%, further reinforcing the presence of a buyer's market.

Property Type Analysis

The Toronto Regional Real Estate Board's report for April 2026 does not include specific benchmark prices or sales figures for individual property types such as detached homes, attached/townhouses, or apartments. Consequently, a detailed analysis comparing the performance of these distinct segments is not available for this reporting period.

Regional Highlights

The overall market trend for the Toronto Regional Real Estate Board in April 2026 points to a sustained period of increased choice for prospective purchasers. The rise in active listings and the higher Months of Inventory suggest that properties are spending more time on the market. This environment typically provides buyers with more negotiation leverage and opportunities to conduct thorough due diligence.

For Buyers

Buyers in April 2026 operate within a market offering increased selection and potential for negotiation, as indicated by the Toronto Regional Real Estate Board's data. It is advisable for buyers to leverage the higher inventory levels and longer market times by conducting comprehensive research, securing pre-approvals, and working closely with a real estate professional to identify well-priced opportunities.

For Sellers

Sellers navigating the April 2026 market, characterized by buyer-favorable conditions according to the Toronto Regional Real Estate Board, should prioritize realistic pricing strategies from the outset. Presenting properties in optimal condition and being prepared for longer market times and potential negotiation are crucial. Consulting with a real estate agent to understand current market comparables and adjust expectations accordingly is recommended.