Toronto Regional Real Estate Board, April 2026 Market Report: Sales Rise Monthly, Benchmark Price Dips Annually

Toronto Regional Real Estate Board — April 2026

The Toronto Regional Real Estate Board reports 70 home sales in April 2026, an increase from 51 sales recorded in March 2026. The Composite Benchmark Price for the month stood at $743,000, reflecting a 4.0% year-over-year decrease, while the Average Price reached $820,700.

Market Analysis

The Toronto Regional Real Estate Board observed 70 home sales in April 2026, marking a notable increase from the 51 sales recorded in March 2026. Despite this monthly uptick in activity, the Composite Benchmark Price for April 2026 was $743,000, representing a 4.0% decline compared to the previous year. The Average Price for all home types settled at $820,700.

Supply metrics indicate a shift in market dynamics. New listings for April totaled 160, contributing to 215 active listings by month-end, an increase from 181 active listings in March. Months of Inventory (MOI) decreased slightly to 3.1 months from 3.5 months in March, suggesting a tightening of supply relative to demand. The Sales-to-New Listings Ratio (SNLR) was 43.8%, indicating a competitive environment. The market condition is characterized as a sellers' market by the Toronto Regional Real Estate Board.

Property Type Analysis

Specific benchmark prices and sales figures for detached, attached/townhouse, and apartment property types are not available for this reporting period from the Toronto Regional Real Estate Board.

Regional Highlights

Regional-specific trends and highlights are not available for this reporting period from the Toronto Regional Real Estate Board.

For Buyers

In a market characterized as a sellers' market with 3.1 months of inventory, buyers may encounter competitive conditions. It is advisable for prospective buyers to be prepared with pre-approved financing and to act decisively when a suitable property becomes available. Consulting with a real estate professional can provide valuable insights into specific sub-markets and property valuations.

For Sellers

With the market favoring sellers, properties are attracting attention, as evidenced by the 70 sales in April. However, the 4.0% year-over-year price decrease suggests that realistic pricing remains crucial. Sellers should work with their real estate agents to strategically price their homes to attract serious buyers and capitalize on the current demand, while also considering the 160 new listings entering the market.