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 .
Toronto Real Estate Market: Review of 2025 and Future Outlook
New listings dropped by 16.7% year-over-year, which is beginning to tighten the supply of low-rise homes. TORONTO REAL ESTATE
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)
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 High inventory levels persist in the condo sector,
Performance remains uneven across different segments, with the condo market facing the most significant pressure. Property Type Avg. Sold Price (Mar 2026) 12-Month Change Market Status $1,342,375 Balanced, shifting to Seller Semi-Detached $1,008,246 Townhouse Buyer-leaning Condo Apartment Balanced to Buyer Data sourced from WOWA.ca and TRREB . Key Trends & Economic Drivers
While the Bank of Canada has moved into an easing phase, with the lowest variable rates around 3.3%, the full impact on affordability is expected to take up to 18 months to materialize. While sales in the Greater Toronto Area (GTA) saw a modest 1
The provincial government has introduced HST and development charge relief to spur construction, though TRREB reports these savings have yet to significantly lower prices for end buyers. 2026-2027 Forecast Forecasters are divided on the speed of recovery: