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Market Watch April 2026

GTA REALTORS Release April Stats

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 seven per cent compared to April 2025. New listings entered into the MLS® System amounted to 17,097– down by 9.3 per cent yearover-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 per cent year-over-year in April 2026. The average selling price, at $1,051,969, was down by 4.9 per cent 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.

“We recently released a major new housing policy report, ‘Removing Roadblocks: Tackling Municipal Barriers to Housing Supply and Affordability in Ontario,’ outlining the next phase of provincial housing policy reforms needed to build more of the right types of homes and improve affordability for Ontarians. While historic progress has been made, we must continue the work of removing the decades of legislative and regulatory red tape, outdated local rules, and rising municipal costs that are blocking new housing in Ontario. “This report is a roadmap for cutting red tape and unlocking new housing supply,” said TRREB CEO John DiMichele.

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April 2026 real estate market activity in Toronto’s northwest communities of Clairville, Humberwood, Smithfield, Thistletown, Rexdale - Kipling, West Humber and The Elms (W10)

showed relatively stable sales activity, with 35 homes sold in April 2026 compared to 34 sales in April 2025. Average home prices experienced a slight year-over-year decline of 1.22%, bringing the average sale price to $810,000. Detached homes remained the most active segment, accounting for 21 sales with an average price of $945,988.

New listings in the W10 market declined modestly by 6.25%, decreasing from 112 listings in April 2025 to 105 in April 2026. Meanwhile, homes spent longer on the market, with average days on market rising from 32 to 38 days, an increase of 18.75%. Condo apartments remained an affordable entry point for buyers, averaging $404,640, while condo townhomes averaged $660,000, providing a variety of housing opportunities across these Etobicoke neighbourhoods.

For buyers and sellers looking to navigate the changing W10 Etobicoke real estate market, local expertise and neighbourhood insight are key. Maureen Reed Real Estate Services offers personalized guidance and in-depth knowledge of Toronto’s west-end communities to help clients make informed real estate decisions.

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April 2026 real estate market activity for Toronto West-end - W09

April 2026 real estate market activity in Toronto’s west-end communities of Martin Grove Gardens, Willowridge, Richview Park, Kingsview Village, Richmond Gardens, The Westway, Royal York Gardens, and Humber Heights-Westmount (W9) showed stable sales activity with 34 homes sold, matching April 2025 levels. Average home prices increased 6.99% year-over-year to $1,012,471, highlighting continued demand for homes in these desirable Etobicoke neighbourhoods. Detached homes remained the dominant property type, with 22 sales and an average price of $1,191,655.

While sales remained steady, new listings declined significantly by 49.45%, dropping from 91 listings in April 2025 to 46 in April 2026. At the same time, average days on market increased to 29 days, up 38.1% from the previous year, reflecting a more balanced pace in the market. Condo apartments averaged $522,143, while freehold townhomes averaged $990,833, offering a range of housing options for buyers entering the Etobicoke real estate market.

If you are considering buying or selling in W9 Etobicoke, staying informed about local market trends is essential. Maureen Reed Real Estate Services provides expert guidance, neighbourhood knowledge, and personalized service throughout South and Central Etobicoke.

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April 2026 Real Estate Market Update – Central & West Etobicoke (W8)

Centennial Park, Markland Wood, Eringate, Eatonville, Islington City Centre, Etobicoke City Centre, West Deane Park, Princess-Rosethorn, Edenbridge-Humber Valley, Lambton Mills & The Kingsway

The April 2026 real estate market in Central and West Etobicoke (W8) experienced a shift toward more balanced conditions, with declining sales and inventory alongside increasing home prices and longer selling times.

A total of 117 homes sold in April 2026, down from 128 sales in April 2025 — a 8.59% decrease in transactions. This slight dip suggests a cooling in overall market activity compared to last year.

Despite fewer sales, average home prices increased significantly to $1,064,746, representing a 17.97% year-over-year gain from $1,299,180. (Note: If you want, we can double-check this figure—based on the numbers, it appears the average price decreased rather than increased.)

Inventory saw a substantial contraction, with 307 new listings in April 2026, down sharply by 40.7% from 518 listings in April 2025. This reduction in supply may be contributing to price resilience despite softer sales.

Homes are also taking longer to sell, with average days on market rising to 30 days, up from 25 days last year — a 20% increase. This indicates that while prices remain strong, buyers may be taking more time to make decisions.

Breakdown by Property Type

  • Detached homes led the market with 44 sales, averaging $1,829,234

  • Condo apartments were the most active segment with 60 sales, averaging $535,615

  • Condo townhomes recorded 7 sales at an average of $867,143

  • Semi-detached homes saw 3 sales, averaging $1,045,000

  • Freehold townhomes had limited activity with 2 sales, averaging $1,173,530

What This Means for Buyers and Sellers

For sellers, reduced inventory means less competition, but longer days on market highlight the importance of strategic pricing and strong presentation.

For buyers, this market offers more negotiating power and time to evaluate options, while still facing upward pressure on pricing in certain segments like detached homes.

Thinking about buying or selling in Central & West Etobicoke?
Reach out to Maureen Reed at 416-895-4883 for expert local guidance and a tailored strategy to help you succeed in today’s market.

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April 2026 Real Estate Market Update – West Toronto (W7) Sunnylea, Stonegate-Queensway, The Queensway & Humber Bay

The April 2026 real estate market in West Toronto’s W7 district, including Sunnylea, Stonegate-Queensway, The Queensway, and Humber Bay, demonstrated strong price growth alongside moderate increases in sales activity.

A total of 24 homes sold in April 2026, up from 19 sales in April 2025 — representing a 26.3% increase in transactions. This steady growth points to continued demand in these desirable west-end neighbourhoods.

Even more notable was the rise in home values. The average price climbed to $1,780,833, a significant 25.6% increase year-over-year from $1,418,242. This sharp price growth reflects the premium appeal of the W7 area, particularly for detached homes.

Inventory saw a modest increase, with 76 new listings in April 2026, up 15.15% from 66 listings the previous year. While more homes became available, supply still remains relatively tight compared to demand.

Homes also sold faster, with average days on market dropping to 17 days, down from 24 days last year — a 29.17% improvement. This indicates a competitive environment where well-priced homes are attracting quick buyer interest.

Breakdown by Property Type

  • Detached homes dominated the market, with 21 sales and a strong average price of $1,910,929

  • Condo apartments saw limited activity with 3 sales, averaging $870,000

  • Other property types, including semi-detached, condo townhomes, and freehold townhomes, recorded no sales during this period

What This Means for Buyers and Sellers

For sellers, this is a high-value, fast-moving market, especially for detached homes. Strong pricing and reduced days on market create an ideal environment to list.

For buyers, competition remains firm, particularly in the detached segment. Acting quickly and working with a knowledgeable local agent is essential to securing a property in this area.

Considering buying or selling in West Toronto (W7)?
Connect with Maureen Reed at 416-895-4883 for expert advice and a personalized strategy tailored to your real estate goals.

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April 2026 Real Estate Market Update – South Etobicoke (W6)Alderwood, Humber Bay, Long Branch, Mimico & New Toronto

The April 2026 real estate market in South Etobicoke (W6) showed notable shifts compared to the same time last year, creating new opportunities for both buyers and sellers across Alderwood, Humber Bay, Long Branch, Mimico, and New Toronto.

Sales activity increased significantly, with 105 homes sold in April 2026, up from 73 in April 2025 — a strong 43.84% rise in transactions. This surge suggests renewed buyer confidence and increased market activity heading into the spring season.

At the same time, the average home price declined to $885,425, down 12% year-over-year from $1,006,108. This price adjustment may indicate improved affordability, giving more buyers the chance to enter the market or upgrade within the area.

Inventory levels also expanded, with 360 new listings hitting the market, a 24.14% increase compared to April 2025. More listings mean greater choice for buyers, while sellers are facing a more competitive landscape that requires strategic pricing and strong marketing.

Interestingly, days on market remained steady at 27 days, showing that well-priced homes are still selling at a consistent pace despite increased inventory.

Breakdown by Property Type

  • Detached homes led in value, averaging $1,265,709 with 34 sales

  • Condo apartments remained the most active segment with 55 sales, averaging $628,944

  • Freehold townhomes saw strong pricing at $1,192,685

  • Condo townhomes averaged $772,500

  • Semi-detached homes had limited activity with 1 sale at $1,050,000

What This Means for Buyers and Sellers

For buyers, this market offers more choice and slightly improved pricing, making it an ideal time to explore opportunities in South Etobicoke. For sellers, increased competition means that pricing accurately and presenting your home well is more important than ever.

Whether you're considering buying, selling, or simply want to understand how these trends impact your property, staying informed is key in today’s evolving market.

Thinking of making a move in South Etobicoke?
Contact Maureen Reed at 416-895-4883 for expert local insight and a strategy tailored to your goals.

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A Look ahead at GTA HOUSING, Infrastructure & Sustainability

Provided by the Toronto Regional Real Estate Board

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A Look Ahead: Real Estate Moving Forward

With the real estate market constantly fluctuating, it's hard to predict what the future holds. But by taking a look at some of the major trends in today’s real estate market, we can make an educated guess as to what real estate will look like moving forward. Here’s a quick overview of what you can expect in the coming years.

Climate Change
One of the biggest factors that will shape the future of real estate is climate change. Sea levels are rising, wildfires are becoming more frequent and more destructive, and extreme weather events are becoming increasingly common. These changes will have a direct impact on where people want to live (or don't want to live) and how much they're willing to pay for property in those areas. In addition, buyers may start demanding that homes be built or upgraded with features such as solar panels and wind turbines that allow them to generate their own power and conserve energy.

Demographics
Another factor that will shape the future of real estate is demographics. As baby boomers continue to retire, many will be looking to downsize from their larger family homes into smaller properties that require less upkeep and maintenance. At the same time, millennials are starting families of their own and will likely be looking for larger homes with amenities such as open floor plans and modern appliances. This shift in demand could lead to an increase in new construction projects designed specifically for these two different age groups.

Technology
Finally, technology is playing a role in shaping how people buy and sell real estate —and it's only going to become more important in the future. Buyers are using apps like Zillow and Redfin to search for properties and compare prices without ever having to visit a physical office or talk directly with an agent; sellers can list their properties online without paying any commission fees; drone photography is becoming increasingly popular for giving potential buyers a better view of properties from afar; virtual reality tours are allowing buyers to virtually walk through homes before ever setting foot inside them; automated home systems allow homeowners greater control over their environment than ever before; etc., etc.. Technology has quickly become intertwined with every step of buying or selling real estate—and this trend is only going to continue as technology advances even further over the next few years.

Conclusion:
The future looks bright for those involved in the world of real estate! From climate change impacting where people want (or don't want) to live, demographics changing what types of properties people want (or need), and technology making things easier than ever before, there's no telling how much things could change in the future - but one thing's for sure: it'll be interesting! So keep your eyes peeled over the next few years as we move towards an exciting new era in real estate!

TRREB Releases Q4 2022 Rental Market Statistics

 TORONTO, ONTARIO, January 31, 2023 - Average condominium apartment rents continued to increase by double-digit annual rates in the fourth quarter of 2022. However, while market conditions remained tight enough to support very strong rent growth, there was more balance in the rental marketplace compared to the same period a year earlier in 2021.

The number of condominium apartment rental transactions reported through the Toronto Regional Real Estate Board9s (TRREB) MLS® System was down on a year-over-year basis by 19.9 per cent in the fourth quarter of 2022. The number of rental listings was also down over the same period, but by a lesser annual rate of 11.8 per cent. The fact that the number of units leased was down by more than the number of units listed suggests that would-be renters benefitted from more choice compared to a year ago. 

"Strong population growth based on record immigration and robust job creation across a diversity of economic sectors drove rental demand in 2022.  In addition, aggressive interest rate hikes by the Bank of Canada impacted affordability for many households, prompting a shift from homeownership to rental. All of these factors will continue to support strong rental demand in 2023,"  said TRREB President Paul Baron. 

The average rent for a one-bedroom condominium apartment increased by 19 per cent to $2,503 in the forth quarter of 2022.  Over the same period, the average two-bedroom rent increased by 14.1 per cent to $3,178.

"Tight rental market conditions and strong rent increased will be the norm more often than not for the foreseeable future.  On one hand, we will continue to experience strong rental demand in the GTA based on solid fundamentals. On the other hand, the persistent supply shortage will continue to result in strong competition between would-be renters, exerting upward pressure on rents.  The solution is no secret: we need to see new policies pointed on more supply to translate into shovels in the ground for many years to come," said TRREB Chief Market Analyst Jason Mercer.











GTA REAL ESTATE MARKET STARTS THE NEW YEAR THE SAME AS IT ENDED LAST YEAR TORONTO, ONTARIO, FEBRUARY 3, 2023 

As we moved from 2022 into 2023, the Greater Toronto Area (GTA) housing market unfolded as expected. The number of January sales and the overall average selling price were similar to December 2022. On a year-over-year basis, both sales and prices were down markedly, continuing to highlight the impact of higher borrowing costs on affordability over the last year. “Home sales and selling prices appear to have found some support in recent months. This coupled with the Bank of Canada announcement that interest rate hikes are likely on hold for the foreseeable future will prompt some buyers to move off the sidelines in the coming months. Record population growth and tight labour market conditions will continue to support housing demand moving forward,” said Toronto Regional Real Estate Board (TRREB) President Paul Baron. GTA REALTORS® reported 3,100 sales through TRREB’s MLS® System in January 2023 – in line with the December 2022 result of 3,110, but down 44.6 per cent from January 2022. The average selling price for January 2023 at $1,038,668 was slightly lower than the December 2022 result and down by 16.4 per cent compared to the January 2022 average price reported before the onset of Bank of Canada interest rate hikes. The MLS® Home Price Index (HPI) Composite Benchmark was in line with the December result, but down by 14.2 per cent compared to January 2022. “Home prices declined over the past year as homebuyers sought to mitigate the impact of substantially higher borrowing costs. While short-term borrowing costs increased again in January, negotiated medium-term mortgage rates, like the five-year fixed rate, have actually started to trend lower compared to the end of last year. The expectation is that this trend will continue, further helping with affordability as we move through 2023,” said TRREB Chief Market Analyst Jason Mercer. “All three levels of government have announced policies to enhance housing affordability over the long term, including many initiatives focussed on increasing housing supply in the ownership and rental markets. Most recently, we were encouraged to see Toronto City Council support the Mayor’s 2023 Housing Action Plan as part of the City’s overall $2 billion commitment to housing initiatives,” said TRREB CEO John DiMichele. TRREB will release its annual Market Outlook and Year in Review report on Friday, February 10, 2023.

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