Toronto Regional Real Estate Board: April 2026 Market Sees Benchmark Price Dip 8.3% Year-Over-Year Amidst Shifting Dynamics

Toronto Regional Real Estate Board — April 2026

The Toronto Regional Real Estate Board reports that the Composite Benchmark Price for April 2026 stands at $1,010,600, marking an 8.3% decline compared to the previous year. Total sales reached 46, a slight increase from March, within a market characterized as favoring sellers.

Market Analysis

According to the Toronto Regional Real Estate Board, the Composite Benchmark Price for April 2026 was $1,010,600, representing an 8.3% decrease year-over-year. This figure is also a decline from the March 2026 Composite Benchmark of $1,032,100. The average price across all property types in April 2026 was $1,191,448.

Market activity in April saw 46 total sales, an increase from the 42 sales recorded in March 2026. New listings for the month totaled 136, contributing to an active listings count of 171, which is up from 135 active listings in March. Months of Inventory (MOI) increased to 3.7 in April, compared to 3.2 in the prior month, suggesting a slight easing in the supply-demand balance. The sales-to-new listings ratio (SNLR) for April was 33.8%.

Despite the increase in inventory and MOI, the market condition for April 2026 is still described as favoring sellers. This indicates that while buyers may have slightly more choice than in the immediate prior month, competition for well-priced properties remains a factor.

Property Type Analysis

Specific benchmark prices and sales figures for detached, attached/townhouse, and apartment property types are not available for April 2026. However, the overall market trends, as reflected in the composite benchmark, indicate a broad adjustment across the region.

Regional Highlights

The Toronto Regional Real Estate Board's aggregate data for April 2026 provides a comprehensive overview of the broader Toronto market. While specific sub-regional data is not detailed, the overall trends in sales activity and pricing reflect the dynamics observed across the greater Toronto area.

For Buyers

Buyers in April 2026 navigate a market that, while still favoring sellers, shows an increase in active listings and months of inventory compared to the prior month. With the Composite Benchmark Price experiencing a year-over-year decline of 8.3%, prospective buyers should conduct thorough due diligence, secure pre-approvals, and be prepared to act decisively on suitable properties, while also monitoring for continued shifts in supply.

For Sellers

Sellers continue to benefit from market conditions favoring their position in April 2026, as indicated by the Toronto Regional Real Estate Board. Despite a month-over-month increase in active listings and months of inventory, the market remains competitive. Sellers should work closely with their real estate professionals to price properties strategically, considering the current Composite Benchmark Price of $1,010,600 and the 8.3% year-over-year price adjustment, to attract serious buyers.