A total of 5,946 homes were sold in April through the Toronto Regional Real Estate Board’s (TRREB) MLS System, a 7% year-over-year increase.
The surge in home sales occurred despite a 9.3% year-over-year decline in new listings, which totaled 17,097 last month. On a seasonally adjusted basis, April’s home sales and new listings were up month-over-month from March.
The MLS Home Price Index (HPI) Composite benchmark was down by 6.6% year-over-year. The average selling price of $1.05 million marked a 4.9% drop from April 2025. On a month-over-month seasonally adjusted basis the average selling price edged up compared to March while the MLS HPI Composite was flat over the same period.
TRREB President Daniel Steinfeld observed, “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.”
0 Comments