Toronto’s spring market showed signs of renewed activity in April, with sales increasing 9% year-over-year and new listings trending lower. This suggests conditions tightened during the first full month of spring, even as buyers continued to benefit from available inventory and negotiating flexibility.
Lower prices and slightly improved borrowing conditions have encouraged some buyers back into the market. However, many remain cautious, watching for more certainty around the broader economy and global conditions before making a move.
Across the market, average selling prices remained 5% lower than last year, creating more approachable entry points for buyers who may have been priced out during the peak. While detached prices softened slightly and semi-detached homes saw a modest increase, townhomes and condos experienced more noticeable declines—highlighting where affordability has improved most.
For sellers, pricing strategy remains critical. Buyers are active, but they are still value-conscious and selective. For buyers, this may be an important window to take advantage of improved affordability before conditions tighten further.
For now, this remains a market where preparation, pricing, and expert guidance matter more than ever.
Average Toronto home prices by property type in April:
➕Detached $1,668,973 [-2% vs. 2025]
➕Semi-detached $1,286,166 [+2% vs. 2025]
➕Townhouse $958,029 [-6% vs. 2025]
➕Condo $665,507 [-6% vs. 2025]
If you’re thinking about making a move this year, let’s talk strategy.
••••••
Data presented is for the City of Toronto only. Source: TRREB.
Lower prices and slightly improved borrowing conditions have encouraged some buyers back into the market. However, many remain cautious, watching for more certainty around the broader economy and global conditions before making a move.
Across the market, average selling prices remained 5% lower than last year, creating more approachable entry points for buyers who may have been priced out during the peak. While detached prices softened slightly and semi-detached homes saw a modest increase, townhomes and condos experienced more noticeable declines—highlighting where affordability has improved most.
For sellers, pricing strategy remains critical. Buyers are active, but they are still value-conscious and selective. For buyers, this may be an important window to take advantage of improved affordability before conditions tighten further.
For now, this remains a market where preparation, pricing, and expert guidance matter more than ever.
Average Toronto home prices by property type in April:
➕Detached $1,668,973 [-2% vs. 2025]
➕Semi-detached $1,286,166 [+2% vs. 2025]
➕Townhouse $958,029 [-6% vs. 2025]
➕Condo $665,507 [-6% vs. 2025]
If you’re thinking about making a move this year, let’s talk strategy.
••••••
Data presented is for the City of Toronto only. Source: TRREB.
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