Home sales across the Greater Toronto Area increased for the second straight month in April, as lower prices and reduced borrowing costs appeared to bring more buyers back into the market, according to the Toronto Regional Real Estate Board.
TRREB reported 5,946 home sales across the GTA in April, up seven per cent compared with the same month in 2025. Sales also rose 6.1 per cent from March on a seasonally adjusted basis, pointing to renewed spring activity in one of Canada’s largest housing markets.
GTA home prices fall as buyer activity improves
The sales increase came as prices continued to move lower. The average selling price in the GTA dropped 4.9 per cent year-over-year to $1,051,969 in April. TRREB’s composite benchmark price, which reflects the typical home, fell 6.6 per cent from April 2025.
TRREB chief information officer Jason Mercer said lower home prices and borrowing costs over the past year “have been a catalyst for some homebuyers this spring.”
“However, we still have a substantial amount of pent-up demand in the marketplace,” Mercer said in a news release.
“More certainty on the trade front and an easing in geopolitical tensions would result in further improvements in market activity.”
Toronto sales outpace rest of GTA
The City of Toronto recorded 2,312 sales in April, a 9.2 per cent increase from the same month last year. Across the rest of the GTA, sales rose 5.7 per cent to 3,634.
New listings fell 9.3 per cent year-over-year to 17,097. Total active listings also declined, down 6.4 per cent to 25,110.
Condo sales show signs of recovery
Every major housing category saw higher sales in April. Detached home sales led the market with a 9.2 per cent year-over-year gain, while condo sales rose 9.1 per cent. Townhouse sales increased 0.6 per cent, and semi-detached sales edged up 0.4 per cent.
The increase in condo activity may point to early stabilization in a segment hit hard in recent years by high inventory and weaker buyer demand following years of elevated completions. For now, the April numbers suggest lower prices are giving some GTA buyers a reason to re-enter the market.
