April 2026 Market Report

In this April market update, Chris Kapches, CEO of Chestnut Park Real Estate, explains why the current data reveals a much more positive trend than many observers suggest.

Chris Kapches breaks down what he calls the "Inventory Paradox", where new listings are actually dropping for the fourth consecutive month, even as total inventory appears high due to a backlog of relisted properties. This unique environment is creating a "wait-and-see" landscape influenced by geopolitical uncertainty and fluctuating commodity prices.

Key highlights from the April 2026 Toronto & GTA market:

• 5,946 homes sold (Continuing a month-over-month increase since the start of the year).

• Average home price: $1,051,000+ (Defying forecasts that predicted a drop below the $1M mark).

• The Condo Surge: Sales in the 416 city core are up ~15% year-over-year as affordability returns to the sector.

• New Listings: Lower than last April, marking the 4th straight month of decline in new supply.

• Market Dichotomy: The 416 (City of Toronto) is significantly outperforming the 905 as changing work patterns and transportation costs drive buyers back to the core.

Despite the average price being down ~5% from last year, Chris Kapches explains why the market is actually "defying gravity," led by strong demand for detached and semi-detached homes.

In this report, Chris Kapches analyzes:

• Why the "Inventory Paradox" is making the market look more crowded than it actually is.

• The impact of the Bank of Canada holding rates for the fourth consecutive month.

• How the "Post-Pandemic" shift is favoring the 416 over the 905 regions.

• The potential for a "power of its own" rebound if geopolitical stability returns by June.

With sales pace currently on track to exceed 2025 totals, we may be approaching the first year-over-year growth milestone in years.

Tune in soon as our CEO Chris Kapches gives us excellent insight into the Toronto marketplace.

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