This GTA market report April 2026 edition starts with one clear signal. Prices remain 4.9% below last year. New listings just dropped 9.3%. Buyers are flooding back while supply shrinks. The data sends a clear message, and it won’t stay this way for long.
This post was first published in May 2026. The figures below are from the TRREB Quick Market Overview for April 2026.
In real estate, the loudest signal is rarely the most important one. The headlines focus on prices that are still below last year. But the April 2026 TRREB data tells a very different story. Buyers are returning faster than sellers can list. And the seasonally adjusted price has now risen two months in a row. We have seen this movie before, and we know how it ends.
Below is my full market report — April 2026 — based on the TRREB Quick Market Overview. It covers residential, commercial, condo sales and rental markets. It also gives plain-language guidance for buyers, sellers and investors.
📅 Published: May 5, 2026 · ✍️ A. Q. Mufti, Sales Representative · RE/MAX Real Estate Centre Inc., Brokerage · 📍 Mississauga, GTA · ⏱ 9 min read
This report covers one month, and the market has moved since then. For the month before, see my March 2026 TRREB breakdown. For the month after, read the May 2026 update.
Market Report April 2026: Key Performance Indicators
These eight metrics define where the GTA market stands, and where momentum is building.
Market Report April 2026: The Numbers in Context
Six Signals in the Market Report April 2026
Demand Has Decisively Returned
A 7% year-over-year jump in transactions is not noise — it’s a trend. And the seasonally adjusted 6.1% month-over-month gain confirms it’s not just a spring blip. Buyers are back, and they’re competing for fewer listings.
Supply Is Quietly Disappearing
New listings fell 9.3% year-over-year. More buyers and fewer homes put upward pressure on prices. The sales-to-new-listings ratio is already up 6% year-over-year. This is the math that comes before prices speed up.
Price Recovery Has Started — Quietly
The seasonally adjusted average price rose 0.8% from March to April. That is the second monthly gain in a row. The headline YoY figure still shows a 4.9% drop. Even so, the direction of travel has reversed. So you’re buying at a discount that is shrinking.
Days on Market: Your Window Is Shrinking
Yes, homes are taking longer than last year to sell (+16.2% YoY). But S/A sales jumped 6.1% in one month, so buyers are taking up homes faster. The longer YoY DOM reflects the correction period, not where the market is heading now.
Condos: The Deepest Discount in the Market
Condo sales dropped 15% QoQ and prices fell 5.1% QoQ. For investors and first-time buyers, condos are the most deeply discounted type of home in the GTA. And that is in a market that is now clearly recovering. Buy low, and benefit from the turn.
Commercial Activity Points to Economic Confidence
Leasing activity surged 12.4% and commercial retail space activity rose 18.3% quarter-over-quarter. When businesses grow, workers follow, and workers need homes. That is why commercial health is a leading sign of residential demand.
Residential Market Report April 2026 vs Prior Periods
| Metric | April 2026 | YoY Change | MoM Change (S/A) | Buyer Signal |
|---|---|---|---|---|
| Total Transactions | ↑ Above Apr 2025 | ↑ +7% YoY | ↑ +6.1% MoM | Demand is real and growing |
| Average Selling Price | Below Apr 2025 | ↓ 4.9% YoY | ↑ +0.8% MoM | Buy at discount — recovering |
| New Listings | Below Apr 2025 | ↓ 9.3% YoY | — | Supply shrinking fast |
| Sales-to-New Listings | Higher ratio | ↑ +6% YoY | — | Market tightening |
| Days on Market (Property) | Extended | ↑ +16.2% YoY | — | Still time — but closing |
| Days on Market (Listing) | Extended | ↑ +16% YoY | — | Negotiate — but act |
This table sums up the market report April 2026 numbers for resale homes. Each row shows one measure, how it moved from a year ago, and what it means for a buyer. An up arrow means the number rose, and a down arrow means it fell. For most buyers, the rows to watch are price and new listings. Together, they show how much choice you have and how much room there is to talk price.
Market Report April 2026: Where Is the Needle?
S/A ratio up 6% YoY. Demand outpacing supply — shifting toward seller conditions.
Two consecutive months of rising SA transactions — the trend is confirmed, not coincidental.
How should a buyer in Mississauga use this market report — April 2026? First, get your mortgage pre-approval in place before you shop. Next, judge each home against recent sales on the same street, not against its asking price. Then set your walk-away number early. That way, you can act fast when the right home comes up, and you won’t overpay in the heat of the moment.
Condo Market Report April 2026: Maximum Discount
The condo sales market shows the deepest discounts in the whole GTA real estate market this quarter. For first-time buyers and investors, this is the best-value entry point in years. And it comes in a market that shows clear signs of recovery.
If a condo is on your list, this part of the market report April 2026 matters most. Still, a condo is not right for every buyer. My guide to choosing between a condo and a townhouse can help you weigh the costs, fees and space.
🔑 Condo Rental Market Report April 2026
💡 Investor insight: Rentals are up 16% while rents dipped 4.5%, so more renters are entering the market. As that supply gets taken up, rents will recover. Then investors who buy condos at today’s prices, down 5.1%, stand to gain from both price growth and rising rent.
Commercial Market Report April 2026: Signs of Expansion
Commercial real estate is a leading sign of residential demand. When businesses grow, jobs grow, and more jobs mean more demand for homes. The commercial signals in this market report — April 2026 — are clearly positive.
5 Reasons the Market Report April 2026 Still Signals a Buying Window
The data is shifting fast. Here’s the evidence from this market report — April 2026 — that acting now beats waiting.
Prices Still 4.9% Below Last Year
Every month of recovery shrinks this discount. You’re still buying below last year’s prices, in a market that has turned the corner. That gap is closing.
Two Consecutive Months of SA Price Gains
The seasonally adjusted price rose in both March and April 2026. Two monthly gains in a row is the statistical sign that prices have hit their floor.
Listings Dropping Fast (Down 9.3%)
Supply is not catching up to demand. When listings fall while sales rise, inventory tightens. And in the GTA, tighter inventory always comes before prices speed up.
Commercial Activity Signals Job Growth
Leasing up 12.4%, retail up 18.3%, office up 18.6% — businesses are expanding in the GTA. Expanding businesses hire people. People need homes. The demand pipeline is filling.
Condo Opportunity Won’t Last
Condo prices are down 5.1% QoQ while rentals are up 16%. That is the classic setup for an investor. Renters are taking up supply priced below what it would cost to build new, and that points to price growth ahead.
Where the Market Report April 2026 Fits in the Recovery Playbook
Phase 1 — Peak (2021–2022)
Historic highs. Bidding wars on every listing. FOMO-driven demand. Rate hikes begin. Smart money quietly starts to exit.
Phase 2 — Rate Shock and Correction (2022–2024)
Rapid rate increases cool the market. Prices fall 15–20% from peak. Volume drops. Days on market extend dramatically. Fear is at maximum — and opportunity begins forming quietly.
Phase 3 — Base Building (Late 2025 – Early 2026)
Prices stabilize. Volume begins recovering. Transaction counts start rising YoY. SA price makes first monthly gains. Smart buyers enter. March 2026 data confirmed this phase.
Phase 4 — Early Recovery (April 2026 — RIGHT NOW)
This is where we are. Transactions up 7% YoY. SA prices up two consecutive months. Listings falling 9.3%. The accumulation phase is active. History shows this is where the best risk-adjusted entry points exist.
Phase 5 — Full Recovery and New Appreciation (2026–2028, Projected)
Rates stabilize lower. Pent-up demand releases. Bidding wars return in hot segments. YoY price growth accelerates. Buyers who entered in Phase 4 see strong paper gains. New entrants pay premium prices.
“The best time to buy GTA real estate was always before the recovery became obvious to everyone else. April 2026 data says we are exactly at that point.”— A. Q. Mufti, Sales Representative · RE/MAX Real Estate Centre Inc. · 416 908 5600
What the Market Report April 2026 Means if You’re Selling
The market report April 2026 numbers bring good news for sellers. Sales are up 7% year-over-year and the SA price is recovering. But new listings are also down 9.3%. So smart sellers who time this well will face less competition than they might expect.
Price to the Recovery, Not the Peak
Price your listing against the current SA price trend (+0.8% MoM), not 2022 peaks. Sellers who price 3–5% above the current market will sit. Meanwhile, homes priced correctly sell in under 40 days.
Spring Supply Is Your Competition
New listings usually peak in May–June. So list now, before the supply surge, and benefit from the current 9.3% supply gap. May is your window, so don’t wait for summer.
Commercial Confidence Helps You
The +18.3% retail and +18.6% office leasing activity signals a stronger economy and a growing job base. Those workers need homes, and your listing is part of the answer.
Before you list, start with a pricing talk, not a listing date. Look at what sold nearby in the last few weeks. Then fix the small things buyers notice first, such as paint, lights and curb appeal. My guide on selling your home in a buyer’s market walks through each step.
Market Report April 2026: Questions Clients Are Asking
Is April 2026 a good time to buy a home in the GTA?
Yes. The market report April 2026 data supports it strongly. Average prices are still 4.9% below last year, which gives buyers a real discount. Meanwhile, sales are up 7% YoY. The seasonally adjusted price has also risen two months in a row. Together, below-peak prices and a clear demand recovery form a classic entry signal.
Will GTA home prices go up in 2026?
The signs point that way. The seasonally adjusted average price rose 0.8% from March to April, the second monthly gain in a row. New listings are falling (down 9.3% YoY) while sales surge (+7% YoY). When supply shrinks and demand rises at the same time, prices usually recover. That is the typical outcome over 30 years of GTA market history.
Should I buy a condo in the GTA in 2026?
Condos are the deepest discount in the current GTA market. Prices are down 5.1% quarter-over-quarter, and sales are down 15%. For investors, condo rentals rose 16% QoQ while average rents dipped 4.5%. That means more tenants are entering the market at lower rents for now. As rental supply gets taken up, rents will recover. Then investors who bought at today’s prices will gain from both rent and price growth.
How long does it typically take to sell a home in the GTA right now?
In April 2026, average property days on market are up 16.2% year-over-year. That points to a calmer pace than the frenzied market of prior years. However, the sales-to-new-listings ratio is already 6% higher YoY, and sales are picking up. So I expect this longer DOM window to shrink through spring and summer 2026 as the recovery builds.
What is the best neighbourhood to buy in Mississauga in 2026?
Mississauga remains one of the GTA’s most resilient markets. It has a strong commercial base, transit investment and population growth. Neighbourhoods near major job hubs and transit lines tend to recover first in any cycle. Call A. Q. Mufti at 416 908 5600 for a free look at the neighbourhoods that fit your budget and goals.
Ready to Buy or Sell in the GTA?
Don’t navigate this market alone. Book a free, no-obligation strategy session and get personalized guidance based on your situation, your budget and your neighbourhood. If you have a question, contact me here or call 416 908 5600. A. Q. Mufti, Sales Representative, RE/MAX Real Estate Centre Inc., Brokerage.
📍 RE/MAX Real Estate Centre Inc., Brokerage · 141-1140 Burnhamthorpe Rd. W., Mississauga · info@aqmuftirealty.com
📌 Disclaimer: This market analysis is based on the TRREB Quick Market Overview for April 2026 and is for informational purposes only. It does not constitute financial or legal advice. Past market performance does not guarantee future results. A. Q. Mufti is a registered Sales Representative at RE/MAX Real Estate Centre Inc., Brokerage, in Ontario, Canada.
