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April 2026 GTA Housing Market
- April sales of 5,946 units were up 7.0% versus April 2025, while new listings (-9.3%) and total active listings (-6.4%) declined, though they remain high by historical standards.
- Market conditions tightened in the first full month of spring, a trend that began in March.
- Despite this, the MLS® Home Price Index Composite benchmark declined 6.6% year over year, and the average selling price was down 4.9% to $1,051,969.
- If conditions keep tightening and prices level off as expected, it could be a signal for buyers on the sidelines to get back into the market.
Market Highlights
| Apr 2025 | Apr 2026 | Change | |
|---|---|---|---|
| Resale home sales | 5,556 | 5,946 | +7.0% |
| Average resale price | $1,106,505 | $1,051,969 | -4.9% |
| Active listings | 26,813 | 25,110 | -6.4% |
Bank of Canada Holds Rates as Uncertainty Lingers
The Bank of Canada kept its policy rate at 2.25% at its April 29 announcement, its fourth straight hold, leaving variable mortgage and HELOC rates steady for now.
The Bank is balancing mixed signals. Inflation has ticked higher due to oil price shocks, while underlying inflation measures appear less alarming. After four cuts in 2025, the Bank has stayed in wait-and-see mode through 2026.
Economists remain split on the next move, though some see cuts as more likely than hikes if core inflation keeps cooling and growth softens. For buyers and sellers, steady rates at least provide a clearer backdrop in an uncertain market.
Thinking of buying, selling or investing in the GTA? Contact Sergei Mendelev, Sales Representative, HomeLife Frontier Realty Inc., Brokerage, at 416-721-3316 or smendelev777@gmail.com for a free home evaluation or a private consultation.
Statistics courtesy of the Toronto Regional Real Estate Board. Content provided by Mission Response Inc. The information is obtained from sources believed to be reliable, but accuracy cannot be guaranteed and it is not legal, financial or professional advice. Not intended to solicit buyers or sellers currently under contract with a brokerage.
