In the GTA, prices continue to slide in a ‘skittish market’
The Toronto-area real estate market is experiencing a modest uptick in sales, with some bidding wars emerging. However, both buyers and sellers remain cautious, leading to a decline in new listings. The average home price in the Greater Toronto Area has dropped compared to last year, reflecting ongoing market uncertainties.
- ▪Sales in April rose 7 percent in the Greater Toronto Area compared to the same month last year.
- ▪The average price in the GTA stood at $1,051,969 in April, marking a 4.9 percent drop from the previous year.
- ▪Many buyers are hesitant, with some backing out of offers at the last minute.
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| Original publisher | The Globe and Mail |
| Canonical URL | https://www.theglobeandmail.com/real-estate/toronto/article-in-the-gta-prices-continue-to-slide-in-a-skittish-market/ |
| Publication time | Wed, 20 May 2026 12:00:00 +0000 |
| Retrieval time | 2026-05-20T12:05:02.589Z |
| Last seen | 2026-05-20T12:05:02.589Z |
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| Publisher visit | Yes — open original |
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| Retrieval / RAG | May the content be exposed for third-party retrieval-augmented generation? | Not asserted |
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Opening excerpt (first ~120 words) tap to expand
ShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountHouse hunters in the Toronto-area real estate market have picked up the pace in recent weeks, with a modest increase in sales and some spirited bidding wars.Despite the renewed energy, buyers and sellers both remain capricious.Now that the Victoria Day long weekend is in the past, some homeowners are rushing to list while the spring market has a few weeks left to run.Sales in April rose 7 per cent in the Greater Toronto Area compared with the same month last year, while new listings shrank 9.3 per cent in the same period.“This isn’t a sign that things are hot,” cautions Patrick Rocca, broker with Bosley Real Estate, who notes that in midtown, Mr.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Globe and Mail.
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