Toronto Real Estate -

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.

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 TORONTO REAL ESTATE

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) While the Bank of Canada has moved into

New listings dropped by 16.7% year-over-year, which is beginning to tighten the supply of low-rise homes. While sales in the Greater Toronto Area (GTA) saw a modest 1

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 .

A seasonal rebound is underway, with 5,039 transactions in March 2026, marking a 30.3% increase from February.