Jason Mercer Toronto Regional Real Estate Board breaks down the latest numbers from April signaling a rise in home sales. <\/p>\n
TORONTO \u2014 Home sales in the Greater Toronto Area rose on a year-over-year basis for the second straight month in April, while average selling prices moved lower again.<\/p>\n
The Toronto Regional Real Estate Board said 5,946 homes were sold last month, up seven per cent from the same month last year. Sales also increased 6.1 per cent on a seasonally adjusted basis from March.<\/p>\n
The average selling price was down 4.9 per cent from April 2025 to $1,051,969. The composite benchmark price, meant to represent the typical home, was down 6.6 per cent year-over-year.<\/p>\n
TRREB chief information officer Jason Mercer said lower home prices and borrowing costs over the past year \u201chave been a catalyst for some homebuyers this spring.\u201d<\/p>\n
\u201cHowever, we still have a substantial amount of pent-up demand in the marketplace,\u201d Mercer said in a news release.<\/p>\n
\u201cMore certainty on the trade front and an easing in geopolitical tensions would result in further improvements in market activity.\u201d<\/p>\n
There were 17,097 new listings on the market in April, down 9.3 per cent from last year.<\/p>\n
Inventory decreased 6.4 per cent as there were 25,110 total active listings in the GTA.<\/p>\n
There were 2,312 sales last month in the City of Toronto, a 9.2 per cent increase from April 2025. Across the rest of the GTA, home sales were up 5.7 per cent to 3,634.<\/p>\n
All housing types saw increased activity throughout the region last month, led by a 9.2 per cent year-over increase in detached home sales, along with 9.1 per cent more condo sales.<\/p>\n
Sales of townhouses and semi-detached homes ticked up 0.6 per cent and 0.4 per cent, respectively.<\/p>\n
This report by The Canadian Press was first published May 5, 2026.<\/p>\n
Sammy Hudes, The Canadian Press<\/p>\n","protected":false},"excerpt":{"rendered":"Jason Mercer Toronto Regional Real Estate Board breaks down the latest numbers from April signaling a rise in…\n","protected":false},"author":2,"featured_media":33774,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[525,1720,1362,48],"class_list":{"0":"post-33773","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-toronto","8":"tag-business","9":"tag-construction","10":"tag-real-estate","11":"tag-toronto"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/33773","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/comments?post=33773"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/33773\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media\/33774"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media?parent=33773"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/categories?post=33773"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/tags?post=33773"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}