Toronto Regional Real Estate Board, April 2026 Market Report: Benchmark Price Holds Steady Amid Balanced Conditions

Toronto Regional Real Estate Board — April 2026

The Toronto Regional Real Estate Board reports a Composite Benchmark Price of $697,400 for April 2026, reflecting a balanced market condition. Total sales reached 40 transactions, with the Composite Benchmark Price experiencing a year-over-year decrease of 6.0%.

Market Analysis

According to the Toronto Regional Real Estate Board, April 2026 saw the Composite Benchmark Price reach $697,400, a modest increase from March 2026's $694,200. The market is characterized as balanced, despite a 6.0% year-over-year decline in the Composite Benchmark Price.

Total sales activity significantly increased month-over-month, rising to 40 transactions in April from 26 in March. New listings for the month totaled 122, contributing to 169 active listings by month-end. The Months of Inventory (MOI) decreased to 4.2 in April from 5.3 in March, suggesting a slightly quicker absorption rate of available properties. The sales-to-new-listings ratio (SNLR) stands at 32.8%.

The balanced market condition is further supported by these metrics, indicating neither a strong buyer's nor a strong seller's market. While sales activity picked up, the overall inventory levels and SNLR reflect a stable environment for both buyers and sellers.

Property Type Analysis

The Toronto Regional Real Estate Board's data for April 2026 does not provide specific benchmark prices or sales figures for detached, attached/townhouse, or apartment property types. Therefore, a detailed breakdown of performance across these categories is not available for this reporting period.

Regional Highlights

Specific regional trends and highlights are not available in the provided data for April 2026 from the Toronto Regional Real Estate Board. The report focuses on the aggregate market performance for the Toronto region.

For Buyers

In a balanced market, buyers may find more opportunities for negotiation compared to highly competitive conditions. With Months of Inventory at 4.2, properties are still moving, but not at an extreme pace. Buyers should conduct thorough due diligence and be prepared to act when a suitable property emerges, leveraging professional advice to navigate the current environment.

For Sellers

Sellers in April 2026 operate within a balanced market, where strategic pricing and presentation are crucial. While the Composite Benchmark Price saw a modest month-over-month increase, the year-over-year decline of 6.0% suggests the market remains sensitive to pricing. With 169 active listings and 122 new listings, sellers should aim to differentiate their properties and work closely with their real estate professionals to set competitive prices and marketing strategies.