April Toronto Real Estate Market Update

Hello hello and Happy Spring! (? It is spring right? This weather is quite confusing). Here we are in April, and in Toronto that usually means patios are finally open, shorts make a fashion comeback, the Jays are swinging for the fences again, and the Toronto real estate market wakes up from its winter hibernation. And this year? It actually showed up.

Listings climbed, buyers came back out, and homes started moving faster. All good signs pointing towards a strong Toronto market.

But here's the thing I keep telling people when they ask me how the market is doing:

"It's not crazy busy, but it's getting busy. Quickly." And honestly? That's a good thing. As some of you may know, I work primarily in Downtown Toronto and the West, and every weekend this April we had open house signs on every major corner and lots of street traffic, nosy neighbours and curious/motivated buyers popping their heads in.  Needless to say, my clients were happy, I was happy, and it seemed like the Spring Market, was back to acting like "The Spring Market" of old (knock on wood).

Before We Get Into the Numbers

I know what some of you are expecting. Busy you say eh? That means bidding wars, waived conditions, offers 30% over asking, the whole enchilada. Buttt that's not what April was. And while in the typical hot spots in the city that was happening (Forest Hill, Bloor West, South Etobicoke, etc.)

What April was in many parts of the city, was active but rational.

Open houses are busy again. People are out there. But the buyers I'm seeing right now are doing their homework in a way they simply weren't a few years ago. I work with a lot of first time buyers, and these guys are savvy. They're comparing layouts. Comparing streets and neighbourhoods. Asking more questions about school zones, renovations, neighbourhood planned improvements. Breaking out the Excel spreadsheets. Deliberating more and more. And, even walking away when things "don't add up". It's actually quite impressive.  

Which means the sellers who are still pricing like it's 2021 and just expecting offers are sitting. And sitting. And wondering why nobody's calling.

The gap between "priced correctly" and "wishfully priced" has never been more obvious than it is right now. The market is basically holding up a mirror and saying, prove it.

Well-presented and priced homes? Moving quickly, sometimes with competition. Overpriced ones? Crickets and confused and frustrated sellers.

What's Actually Happening Out There

Detached and semi-detached homes continue to be the steady performers. Good demand, prices holding up, relatively quick sales. If you've got a nice house in a desirable neighbourhood and you're priced right, buyers are there.

The condo market is a different story and honestly, the more interesting one right now. Inventory keeps piling up. Buyers have more options than they've had in years, and they know it. That doesn't mean condos aren't selling (they are), but the dynamic has shifted. If you're a condo seller right now, you are not the one with the leverage. Your buyer is.

For buyers eyeing the condo space? This is genuinely one of the better entry windows we've seen in a while. More selection, more negotiating room, more motivated sellers. If you've been sitting on the fence waiting for things to "calm down," well, they have and you could score yourself a hell of a deal if you want.

Tyson's Take

If I had to sum up April in one line: Toronto Real Estate is Back....Kinda.

People are engaged. Demand is clearly still there. People want to live in this city, they want walkable neighbourhoods and transit access and good schools, none of that has change.

And look, I know the media loves a hot take. Either the market is crashing or it's a bubble about to burst. Nobody leads with "market behaving sensibly." But that's sort of where we are. A functioning market where pricing strategy, presentation, and honest analysis actually matter again.

To me? That's not boring. That's healthy (Ya, I know. I'm a dork.).

One quick reminder while we're here: whenever you hear on CP24 or where ever you get your news "the GTA market is doing X," take that with a grain of salt. The GTA includes Milton, Oshawa, Whitby, Halton Hills, and about a dozen other places that behave completely differently than downtown Toronto or Riverdale or Leslieville. Lumping them all together and calling it "the market" is like saying "Canada is warm" in July. Technically true somewhere, deeply misleading everywhere else.

Toronto is its own thing. Always has been. Always will be. And that's why you need accurate, honest and exact information and numbers.

Speaking of which...

The Numbers

(416 only — City of Toronto)

Here's the breakdown for April 2026. And as always, if you want a custom look at your specific neighbourhood, building, or even your street, just ask. The city-wide numbers are useful, but the micro-market is where the real story is.

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📊 NEW LISTINGS — APRIL 2026

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Detached listings jumped from 1,474 to 1,939 this month, a 31.5% increase.

Semi-detached listings increased from 388 to 462, up 19.1%.

Freehold townhome listings climbed from 169 to 200, an 18.3% increase.

Condo townhome listings rose sharply from 343 to 451, up 31.5%.

Condo apartment listings also increased from 2,890 to 3,046, up 5.4%.

Key Takeaway:

Spring inventory continued building across Toronto in April, especially in detached homes and condo townhomes. More listings mean buyers have more choice, but it also means sellers are facing more competition than earlier in the year.

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📊 ACTIVE LISTINGS — APRIL 2026

Detached active listings rose from 2,024 to 2,463 this month, a 21.7% increase.

Semi-detached active listings increased from 413 to 489, up 18.4%.

Freehold townhome active listings climbed from 196 to 235, a 19.9% increase.

Condo townhome active listings moved up from 578 to 688, increasing 19.0%.

Condo apartment active listings increased from 4,912 to 5,315, up 8.2%.

Key Takeaway:

Inventory continued rising across every property type in April. Buyers now have significantly more options available compared to the tighter winter market, particularly in the condo segment where selection remains very high.

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📊 SALES — APRIL 2026

Detached sales increased from 574 to 770 this month, a 34.1% jump.

Semi-detached sales rose from 170 to 237, increasing 39.4%.

Freehold townhome sales remained fairly steady, moving from 87 to 88, up 1.1%.

Condo townhome sales increased from 120 to 142, a gain of 18.3%.

Condo apartment sales climbed from 951 to 1,054, up 10.8%.

Key Takeaway:

Sales activity increased across most property types in April, showing that buyers are still active despite the growing supply of listings. Semi-detached homes saw particularly strong demand this month, while condo sales continued improving steadily.

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📊 AVERAGE PRICE — APRIL 2026

Detached prices increased from $1,613,066 to $1,668,973 this month, up 3.5%.

Semi-detached prices climbed from $1,231,967 to $1,286,166, increasing 4.4%.

Freehold townhome prices rose from $1,200,622 to $1,284,386, a strong 7.0% increase.

Condo townhome prices dipped slightly from $784,709 to $755,780, down 3.7%.

Condo apartment prices increased from $648,287 to $665,507, up 2.7%.

Key Takeaway:

Prices remained relatively stable overall, with freehold homes continuing to show stronger upward pressure than condos. Condo townhomes softened slightly month-over-month, while detached and semi-detached homes posted healthy gains heading deeper into the spring market.

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📊 DAYS ON MARKET BEFORE SOLD — APRIL 2026

Detached homes sold faster this month, with days on market dropping from 24 to 22 days, an 8.3% decrease.

Semi-detached homes improved slightly from 19 to 18 days on market, down 5.3%.

Freehold townhomes saw a major improvement, dropping from 29 to 15 days on market, a 48.3% decrease.

Condo townhomes improved from 37 to 30 days on market, down 18.9%.

Condo apartments remained unchanged at 37 days on market.

Key Takeaway:

Homes generally sold faster in April as spring market activity increased. Freehold townhomes saw the biggest improvement in selling speed, while condo apartments remained steady as higher inventory levels continued balancing the condo market.

Ok! That's it for now. Thanks for reading and have a great day! 👋 - Tyson CR

‍‍Want to know what the current value of your home is or what's going on in your neighbourhood?

Please feel free to reach out! I'm happy to prepare a completely free, no obligation custom market report just for you

If you or anyone is thinking of a move don’t be shy and reach out.  

After all, everyone’s individual situation requires an individual and unique strategy and plan.

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