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GTA Sales Rebound as Prices Fall and Buyers Keep Leverage

Lower prices are coaxing some buyers back.

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A home on Hazelton Avenue in Toronto’s Yorkville neighbourhood, on April 2, 2026. (Fred Lum/The Globe and Mail)
Montreal-area home sales fell 7% in April compared with last year as economic uncertainty and affordability challenges kept some buyers cautious.

Overview

  • TRREB said Tuesday that April GTA sales rose 7% year over year to 5,946, even as the average price fell 4.9% to $1,051,969 and the benchmark dropped 6.6%.
  • Active listings in the GTA ended April at 25,110 with 17,097 new listings, leaving buyers with ample choice and bargaining power despite a busier spring.
  • Measured against history, Toronto-area transactions remain weak for the season, with April activity about 46% below the 10-year average reported by TRREB.
  • In Metro Vancouver, overall sales slipped 2.5% to 2,110, but detached-home sales rose 14% while condo and townhouse sales fell, a split GVR says is showing up across most areas.
  • The Fraser Valley posted a 7% yearly sales gain with inventory 45% above its 10-year norm and a sales-to-active-listings ratio near 11%, which the FVREB says keeps conditions in buyers’ favour.