The Greater Toronto Area real estate market has officially shifted gears. After months of cautious observation, the April 2026 data from the Toronto Regional Real Estate Board (TRREB) signals a definitive tightening of market conditions.
For the first time in recent cycles, we are seeing a clear divergence: buyer activity is climbing while the influx of new inventory is slowing. This is the classic precursor to a market recovery.
April 2026 saw a significant uptick in home-buying activity. GTA REALTORS® reported 5,946 sales, a 7.0 per cent increase compared to the 5,556 sales recorded in April 2025. This surge suggests that buyers are finally capitalizing on lower borrowing costs and stabilized pricing.
As shown in the data above, the average selling price for all home types combined sits at $1,051,969. This represents a 4.9 per cent decrease from the $1,106,505 average seen in April 2025. However, this figure represents a market that has found its floor and is beginning to move toward stabilization.
While demand is growing, the supply of new homes entering the market is trending in the opposite direction. This is the most critical takeaway for the spring market.
New listings dropped by 9.3 per cent year-over-year, falling from 18,847 in April 2025 to 17,097 in April 2026.
This drop in inventory is creating a more competitive environment for buyers. With fewer options on the table and more active participants, we are seeing a return to multiple-offer scenarios in high-demand neighbourhoods across Mississauga and Toronto. Additionally, the average time on market has increased to 43 days, a 16.2 per cent rise from the 37 days recorded a year ago.
The recovery is being led by the low-rise segment, but the condominium market remains a steady entry point for many GTA residents.
Contrary to previous trends, detached homes led the market in volume with 2,759 units sold, a 9.2 per cent increase over last year. Condominium sales followed with 1553 units, a 9.1 per cent year-over-year increase.
The most reliable indicator that the market has transitioned out of its cooling phase is the consistent month-over-month growth throughout 2026. Since January, we have seen a steady climb in both volume and price.
Since the start of the year, sales have nearly doubled. Activity grew from 3,053 units sold in January to 3,843 in February, 5,020 in March, and reached 5,946 sales this April. The average price has followed a similar upward trajectory, increasing by approximately 8.5 per cent in just four months. Values rose from $969,972 in January and grew steadily each month to reach $1,051,969 in April.
This trajectory confirms that buyers who remain on the sidelines may soon find themselves facing higher competition and firming prices as we move further into the summer months.
"We are seeing a return of confidence that was missing last year. The fact that sales are up while listings are down tells us that the market is finding a new balance," says Sam McDadi, owner of Sam McDadi Real Estate Brokerage.
"For buyers, the window of maximum negotiating power is narrowing. For sellers, this is the time to list. With nearly 10 per cent fewer listings on the market compared to last year, your property has significantly less competition."
Navigating a recovering market requires more than just access to data: it requires the insight to interpret it. Team McDadi has been the #1 real estate team in the GTA for 15 consecutive years. With over $11 billion in total sales, we have the experience to guide you through changing market conditions.
Whether you are searching for Mississauga real estate or a luxury home in Toronto, our team provides the strategic advantage you need. At Team McDadi, no home is too big or too small.
Contact Sam McDadi Real Estate Brokerage to get started.
