MARKET INTELLIGENCE
The GTA market, April 2026. The numbers.
5,946 sales. $1,051,969 average price. Sales rising, listings tightening. Buyers still hold leverage. Here is what that means for you.
Last updated: May 5, 2026 · Source: TRREB MLS® System, April 2026
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GTA AVG SALE PRICE
↓ -4.9% YoY
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SALES THIS MONTH
↑ +7.0% YoY
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NEW LISTINGS
↓ -9.3% YoY
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AVG DAYS ON MARKET
↓ +16.0% YoY
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SALES-TO-LISTINGS
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ACTIVE LISTINGS
↓ -6.4% YoY
PRICE HISTORY
GTA Average Sale Price, 2013 to Present
Prices peaked at $1,189,850 in 2022 following pandemic-era demand. The correction since has brought values back to 2020 levels. The market is finding its floor. What happens next depends on rate decisions and spring inventory.
TRANSACTION VOLUME
Annual Sales Volume, GTA
2021 was the anomaly. 121,712 sales driven by record-low rates and pandemic-fuelled demand. Volume has since normalized to pre-2020 levels. At 65,000 to 70,000 annual sales, the GTA market is functioning. Not stalling.
BY PROPERTY TYPE
Average Sale Price by Type, April 2026
The spread between a detached home and a condo apartment is $737,035. That gap defines the upgrade decision for most GTA buyers. The math on bridging it has changed significantly since 2022.
YORK REGION
Average Sale Price by City, April 2026
King remains the outlier at $1,574,989 average across just 19 sales. Estate properties skew that number significantly. For typical residential, Richmond Hill, Stouffville, and Aurora are clustered in the $1.15M-$1.2M range.
MARKET SPEED
Average Days on Market by City, April 2026
King at 35 days and Richmond Hill at 34 days reflect varied demand across York Region. Core cities like Newmarket at 24 days and Aurora at 26 days are moving faster than expected. Still a buyer's market, but spring activity is picking up.
BENCHMARK PRICING
MLS® Home Price Index, April 2026
| Category | Benchmark | YoY Change |
|---|---|---|
| All TRREB Composite | $944,100 | ↓ -6.55% |
| Detached | $1,236,000 | ↓ -6.18% |
| Semi-Detached | $942,400 | ↓ -6.90% |
| Townhouse | $688,900 | ↓ -8.10% |
| Condo Apartment | $540,200 | ↓ -8.93% |
Benchmark prices represent a "typical" property in each category, adjusted for quality differences over time.
ANALYSIS
What this data actually means.
A sales-to-new-listings ratio of 34.6% is buyer's market territory. Below 40% means there are more properties than buyers. That is the reality right now. If you are buying, you have negotiating power that did not exist 18 months ago. Use it.
New listings are down 9.3% year over year. Sellers are sitting on the sidelines, waiting for conditions to improve. Sales rose 7.0%. That tells you the gap between buyer activity and seller activity is closing. The listings that are hitting the market are often from sellers who need to move, not want to move. That changes the negotiation dynamic.
The Bank of Canada rate sits at 2.3%. The 5-year fixed mortgage rate is around 6.09%. Rate cuts have started but the gap between the overnight rate and what borrowers actually pay remains wide. Where that spread goes over the next six months matters more than any single rate announcement.
York Region is performing in line with the broader GTA. Core cities like Richmond Hill ($1,175,275), Markham ($1,140,668), and Newmarket ($998,202) are holding relatively steady. The outer markets, Georgina and Stouffville, are softer. That is not a surprise. Demand follows infrastructure and commute times.
For buyers: this is the window where preparation pays the most. Competition is lower. Sellers are more flexible on price and conditions. Do the analysis, identify the right property, and make an informed offer. For sellers: pricing correctly from day one is the only strategy that works in this market. Overpricing in a buyer's market means sitting, reducing, and ultimately selling for less than you would have at the right number.
Want to know what this means for your situation?
Market averages tell part of the story. Your property, your neighbourhood, your timeline. That is a different conversation.
TALK TO MARKSource: Toronto Regional Real Estate Board (TRREB) MLS® System. Data for April 2026, released May 5, 2026. All figures subject to revision. © 2026 TRREB.