Toronto Regional Real Estate Board Reports Balanced Market in April 2026 with Benchmark Price at $714,000

Toronto Regional Real Estate Board — April 2026

The Toronto Regional Real Estate Board reports a balanced market for April 2026, with the Composite Benchmark Price reaching $714,000. This figure represents a decrease from March 2026's benchmark of $727,400. Total sales for the month stood at 54.

Market Analysis

The Composite Benchmark Price for April 2026, as reported by the Toronto Regional Real Estate Board, is $714,000, marking a 9.2% decline compared to April of the previous year. This figure also represents a decrease from the March 2026 Composite Benchmark of $727,400. The average price for all home types in April 2026 is $662,672.

Market activity in April 2026 saw 54 total sales, a slight increase from the 52 sales recorded in March 2026. New listings totaled 173, contributing to 261 active listings by month-end. This represents an increase in active listings from 203 in March 2026. Months of Inventory (MOI) for April 2026 is 4.8, up from 3.9 in the prior month, indicating a more balanced environment. The Sales-to-New Listings Ratio (SNLR) is 31.2%, reinforcing the balanced market condition.

The market condition for April 2026 is assessed as balanced by the Toronto Regional Real Estate Board. This balance is reflected in the MOI and SNLR figures, suggesting neither buyers nor sellers hold a significant advantage in the current environment.

Property Type Analysis

Specific benchmark prices and sales figures for individual property types, including detached, attached/townhouse, and apartment segments, are not detailed in this report.

Regional Highlights

This report focuses on the overall Toronto Regional Real Estate Board market, and specific regional trends are not detailed.

For Buyers

In a balanced market, buyers may find more options with 261 active listings and increased months of inventory at 4.8 compared to the previous month. This environment allows for more measured decision-making and potentially more negotiation room. Buyers are advised to work with a real estate professional to navigate the available inventory and understand fair market value.

For Sellers

Sellers in April 2026 operate within a balanced market, characterized by 173 new listings and 261 active listings. While demand remains, the increased inventory and months of inventory suggest that competitive pricing and well-presented properties are crucial for attracting offers. Sellers should consult with their real estate agent to price their homes strategically to align with current market conditions and buyer expectations.