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.
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 .
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
New listings dropped by 16.7% year-over-year, which is beginning to tighten the supply of low-rise homes.
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)
Toronto Real Estate Market: Review of 2025 and Future Outlook