The Toronto Regional Real Estate Board (TRREB) published its April 2026 Market Watch this month, and the headline number is the one most clients are calling about: average sold price across the GTA is now $1,051,969 — down 5.0% from April 2025. Average days on market sit at 43, the highest since 2019.
That number obscures more than it reveals. Behind the GTA-wide average, submarkets are diverging. Here's what the comp data actually shows:
City breakdown (April 2026, TRREB-verified)
- City of Toronto — $1,091,761 average (-4.6% YoY). Downtown condos and the $1M-$2M detached band are taking the brunt; Forest Hill, Rosedale, and Lawrence Park premium detached holding better.
- York Region — premium markets like Bayview Hill and King City are still trading within 3% of last year. Newer master-planned communities (East Gwillimbury, Whitchurch-Stouffville) are softer.
- Vaughan — down 6.0% YoY, the steepest correction in the GTA at the city level. Mostly driven by new-build inventory in Woodbridge and Maple sub-markets.
- Markham — down 4.8% YoY. Unionville and Berczy Village holding firmer than Cornell.
- Durham — Oshawa and Brock continue to be the most affordable detached options at under $900k. Pickering and Ajax bands ($1M-$1.3M) are seeing the most activity.
Three things the average price doesn't tell you
1. Sold-to-list ratios are diverging. Across the GTA, ratios are averaging 98-102%. But homes priced correctly from day one are still seeing bidding wars (105-115% over ask in Leaside, Davisville, Mimico). Homes that started too high and reset are trading 93-95% of revised list — the "eventually" price.
2. Days on market is bimodal. Properties priced right sell in 7-14 days. Properties priced wrong drag past 60-90 and need a meaningful reset. Almost nothing sells in the 20-30 day range — that's the dead zone where buyers assume something's wrong with the home.
3. Inventory is up, but selectively. Total active listings are up 8% YoY in the GTA. But premium pockets — Old Oakville, Lorne Park, Bayview Hill — still have under 60 days of supply (a seller's market). The buyer's market is concentrated in newer suburban inventory and downtown 1-bed condos.
Strategy implications
If you're buying: this is the most negotiable GTA market since 2019. Inspection conditions are accepted on most offers in suburban York / Peel. Closing-cost contributions from sellers (1-2% of price) are not uncommon. Pre-approval rates locked 60-120 days protect you while you shop.
If you're selling: pricing strategy matters more than ever. Listing 5% over the actual sold-comp number costs you 8-12% on the final sale versus pricing at-market and creating competition. The 14-day attention window still drives 70%+ of total showings — pricing right, photos out day one, marketing live across MLS + broker network from hour zero.
For specific pricing for your address or neighbourhood, send the address to alex@homsy.ca and I'll come back within one business day with a real comp set.