GTA home sales rise in April as prices ease
GTA home sales rise 7% as prices dip, boosting buyer activity across the market See what lower rates and softer prices mean for buyers and sellers now
Home sales in the Greater Toronto Area increased 7% year over year in April, marking the second straight month of growth, according to the Toronto Regional Real Estate Board.
At the same time, average selling prices fell 4.9% from a year earlier to $1,051,969, and the benchmark price for a typical home declined 6.6%. TRREB said lower borrowing costs and softer prices have helped attract some buyers, though broader market uncertainty remains a factor.
New listings were down 9.3% from April 2025, leaving total active inventory lower than a year ago. Real estate professionals said some wellpriced homes are still drawing competition, while others are giving buyers more room to negotiate. Sales rose across most housing types, with detached homes and condos seeing the biggest gains.