Greater Toronto Area home sales rose 7% in April from a year earlier, but average selling prices fell nearly 5%, TRREB reported.
Greater Toronto Area home sales rose in April for the second straight month on a year-over-year basis, even as prices continued to move lower, according to the Toronto Regional Real Estate Board.
TRREB said 5,946 homes changed hands across the region last month, up seven per cent from April 2025. Sales were also 6.1 per cent higher than March on a seasonally adjusted basis, pointing to renewed activity after a slower stretch for the market.
The price picture remained softer. The average selling price in April was $1,051,969, down 4.9 per cent from a year earlier. TRREB’s composite benchmark price, which is intended to track the price of a typical home, fell 6.6 per cent year over year.
The board’s chief information officer, Jason Mercer, said lower prices and borrowing costs over the past year “have been a catalyst for some homebuyers this spring,” but added that market activity could improve further if buyers had more confidence about broader economic and geopolitical conditions.
“However, we still have a substantial amount of pent-up demand in the marketplace,” Mercer said in a news release.
Listings also moved lower. TRREB reported 17,097 new listings in April, down 9.3 per cent from a year earlier, while total active listings fell 6.4 per cent to 25,110 across the GTA.
The mix of rising transactions, falling inventory and softer prices suggests buyers still have some leverage, though conditions vary by property and neighbourhood. Jessica Hammell of Real Broker Ontario told CBC that well-priced homes in stronger locations are still attracting competition, while less desirable or poorly positioned properties are giving buyers more room to negotiate.
Sales increased both inside Toronto and in the surrounding GTA. The City of Toronto recorded 2,312 sales, up 9.2 per cent from April 2025, while the rest of the region saw 3,634 sales, a 5.7 per cent gain.
All major housing types recorded more activity. Detached home sales rose 9.2 per cent year over year, and condo sales increased 9.1 per cent. Townhouse sales were up 0.6 per cent, while semi-detached sales edged higher by 0.4 per cent.
The condo increase is notable because that part of the market has been under pressure from high levels of new supply and weaker demand. Hammell said lower values have created openings for some first-time buyers who see improved affordability as a chance to enter the market.
Whether the spring pickup translates into firmer prices will depend in part on how quickly buyer demand returns and whether listings remain constrained in the months ahead.
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