The Greater Toronto Area (GTA) housing market is showing renewed signs of life. According to the latest data from the Toronto Regional Real Estate Board (TRREB), home sales climbed for the second consecutive month in April, posting a 7% year-over-year increase with 5,946 transactions. This uptick is largely driven by a combination of more accessible borrowing costs and lower average selling prices, which dropped 4.9% compared to April 2025 to reach $1,051,969. While detached homes and condos led the charge with growth of 9.2% and 9.1% respectively, total inventory remains tight, down 6.4% year-over-year. Jason Mercer, TRREB’s Chief Information Officer, notes that while these factors are acting as a catalyst for spring buyers, significant pent-up demand remains. For a deeper dive into the numbers and to see how your specific neighborhood is performing, read the full report at BNN Bloomberg.
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