New listings dropped by 16.7% year-over-year, which is beginning to tighten the supply of low-rise homes.
Homes are selling for an average of 97% to 98% of the asking price , with properties staying on the market for an average of 47 to 54 days. Pricing by Property Type
High inventory levels persist in the condo sector, leading to a trend where unsold units are being absorbed for rental conversions under initiatives like the $1.3 billion GTA Rental and Affordable Housing Initiative . TORONTO REAL ESTATE
Performance remains uneven across different segments, with the condo market facing the most significant pressure. Property Type Avg. Sold Price (Mar 2026) 12-Month Change Market Status $1,342,375 Balanced, shifting to Seller Semi-Detached $1,008,246 Townhouse Buyer-leaning Condo Apartment Balanced to Buyer Data sourced from WOWA.ca and TRREB . Key Trends & Economic Drivers
The provincial government has introduced HST and development charge relief to spur construction, though TRREB reports these savings have yet to significantly lower prices for end buyers. 2026-2027 Forecast Forecasters are divided on the speed of recovery: New listings dropped by 16
The market is widely considered , with inventory levels tightening but high relative to current demand.
While the Bank of Canada has moved into an easing phase, with the lowest variable rates around 3.3%, the full impact on affordability is expected to take up to 18 months to materialize. Key Trends & Economic Drivers The provincial government
The Toronto real estate market in April 2026 is currently in a state of , characterized by a seasonal lift in activity despite significant year-over-year price corrections. While sales in the Greater Toronto Area (GTA) saw a modest 1.7% increase compared to last year, the average home price of $1,017,796 remains approximately 6.9% lower than it was in March 2025. Current Market Dynamics (April 2026)
