GTA Real Estate Market Report – April 2026
The Spring Market Is Moving Carefully
March brought a bit more life to the market, though hardly a jolt. GTA home sales reached 5,039, up 1.7% year over year, while new listings fell 16.7% to 14,442. The average selling price came in at $1,017,796, down 6.7%, and active listings stayed high at 21,596. Activity picked up, but buyers are still in no rush. They have room to be selective, take their time, and negotiate.
For some buyers, the math is starting to look better, but the overall mood is another story. Though affordability has improved, uncertainty around the economy, trade, and global events is keeping many people on the sidelines. TRREB pointed out that better news on trade and geopolitical issues would help strengthen confidence and sales.
Sales were up from last year, but prices were still down across the major home types. Detached homes averaged $1,613,066, down 6.4% year over year, while condos averaged $648,287, down 8.3%. Buyers are engaged, but expectations remain high. If a property doesn’t feel well priced or well positioned, they have no shortage of reasons to keep looking.
What to Watch
Whether inventory keeps tightening
If new listings stay soft through April, the spring market could start to feel more competitive than it has so far, especially in neighbourhoods where quality inventory is already limited.
The gap between affordability and confidence
Affordability has improved, but confidence is still catching up. More buyers can make the numbers work than they could a year ago, yet many are still taking a wait-and-see approach. Stronger showing activity and quicker decisions on well-priced homes will be the first signs that mindset is starting to shift.
Where softness is lingering
Condos are still facing more pressure, which makes pricing and positioning even more important.
