Real Estate Market April 2026

11 May Real Estate Market April 2026

Your April 2026 real estate market update is here! Covering Toronto, Oakville, Burlington, Hamilton and the surrounding areas.

Highlights of the real estate market from TREBB and Cornerstone

From TRREB:

“Home sales increased on a year-over-year basis in April 2026, while the supply of listings trended lower. This suggests that overall market conditions in the Greater Toronto Area (GTA) tightened during the first full month of spring. Despite tighter market conditions, selling prices edged lower on average compared to last year, as buyers continued to benefit from ample choice and negotiating power.”

“We have experienced an uptick in home buying activity so far this spring. Buyers have taken advantage of more affordable housing market conditions on the back of lower home prices. If market conditions continue to tighten and home prices level off, this could be a signal to intending homebuyers who remain on the sidelines,” said TRREB President Daniel Steinfeld. 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. More certainty on the trade front and an easing in geopolitical tensions would result in further improvements in market activity,” said TRREB’s Chief Information Officer Jason Mercer.”

GTA REALTORS® reported 5,946 home sales through TRREB’s MLS® System in April 2026 – an increase of 7% compared to April 2025. New listings entered into the MLS® System amounted to 17,097– down by 9.3 % year-over-year. On a seasonally adjusted basis, April 2026 home sales and new listings were up month-over-month compared to March 2026. Sales were up by a greater monthly rate than new listings, potentially suggesting more competition between buyers in some neighbourhoods. The MLS® Home Price Index (MLS® HPI) Composite benchmark was down by 6.6% year-over-year in April 2026. The average selling price, at $1,051,969, was down by 4.9% compared to April 2025. On a month-over-month seasonally adjusted basis the average selling price edged up compared to March 2026. The MLS® HPI Composite was flat over the same period.”

Over in Hamilton/Burlington:

“There were 1,312 home sales recorded via the Multiple Listing Service® (MLS®) System of the Cornerstone Association of REALTORS® (Cornerstone) in March 2026, representing a 34.9% increase month-over-month, and a 1.4% decline year-over-year. Sales activity in March continued to rebound month-over-month but dipped slightly on a year-over-year basis. The month of March also saw important announcements from the Federal and Ontario governments to remove the HST from most new homes, reduce development charges, and simplify the approvals process. These measures should encourage buyers to consider the new home market and support long-term supply,” says Bill Duce, CEO of Cornerstone. “Removing these fees will help more buyers enter the market, but further solutions, such as a down payment assistance program or increasing the provincial land transfer tax rebate, are needed to get more first-time buyers into the market”.

“While the MLS® Home Price Index (MLS® HPI) composite benchmark was down year-over-year in Cornerstone’s major market areas, most areas saw an increase on a month-over-month basis. There were 3,790 new listings added to Cornerstone’s MLS® System last month, a decline of 3.7% year-over-year, and an increase of 21.5% over March 2026.

The total inventory across Cornerstone’s market areas increased 17.1% over the previous month and represents a 4.4% decrease year-over-year. There was a 4.3-month supply at the end of April, representing a 2.4% year-over-year increase. The number of months of inventory represents the time it would take to sell the current inventory at the current sales rate. The average days on the market across all Cornerstone market areas was 33 in April, compared to 39 days in March 2026.”

Questions about buying or selling? Reach out anytime, I’d be happy to discuss the market with you!

All the latest home prices and statistics by property type and city below!

Sources for Real Estate Market Update for April 2026: Toronto Regional Real Estate Board and Cornerstone Association of REALTORS®