New listings dropped by 16.7% year-over-year, which is beginning to tighten the supply of low-rise homes.
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 New listings dropped by 16
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) Property Type Avg
Toronto Real Estate Market: Review of 2025 and Future Outlook
The market is widely considered , with inventory levels tightening but high relative to current demand.
A seasonal rebound is underway, with 5,039 transactions in March 2026, marking a 30.3% increase from February.