Cheema Realty Group

The Greater Toronto Area real estate market showed renewed momentum this past April. Home sales increased year-over-year while the supply of available listings trended lower, a shift that suggests market conditions are beginning to tighten.

The April Numbers at a Glance:
Sales Activity: There were 5,946 resale transactions, a 7% increase over April 2025.
Inventory: New listings dropped 9.3% year-over-year. With sales outpacing new supply, inventory now sits at 4.2 months, moving us into a more balanced market.
Pricing: The average selling price was $1,051,969. While this is 4.9% lower than last year, prices actually edged up 3% from March 2026 on a seasonally adjusted basis.

What This Means for You:
Despite the year-over-year price dip, the monthly uptick suggests that competition is returning to certain neighbourhoods. TRREB’s Chief Market Analyst, Jason Mercer, noted that lower borrowing costs and current price points have acted as a catalyst for buyers this spring. However, substantial pent-up demand remains. With further stability in the global economy and trade sector, buying activity is expected to accelerate.

The Condo Spotlight:
Condo sales saw a notable 9% jump compared to last year, even as prices remained roughly 6.3% lower. We are seeing significant interest from first-time buyers and investors, particularly in units under 600 square feet, who are looking to capitalize on current market conditions while interest rates remain steady.

Whether you are looking to take advantage of the current selection or are curious about how these tightening conditions affect your home’s value, I am here to help.

I look forward to connecting with you soon.

☎️ 416-831-4070
☎️ 647-482-2470

Up to $130,000 in HST savings on brand new homes is now available in Ontario, and it’s not just for first-time buyers 🏡✨

On top of that, the government is investing $8.8 billion into infrastructure to help municipalities cut development charges, which were being added to the cost of new homes, especially on closing 💰📉

What does that mean for you? Lower overall costs, more opportunity, and a real chance to get into a brand new home at a much better value than before 📊

This is a limited window, and not every project is priced the same, so knowing where the real opportunities are matters 👀

Reach out to us if you have any questions, need guidance, or want to see a list of homes that qualify under this program.

📧 [email protected]
📞 647-482-2470 | (416) 831-4070
🌐 cheema.royallepage.ca
🌐 realtorali.ca

JUST LISTED IN AJAX
Listed For $779,000.00
Stunning 3+1 Bedroom FREEHOLD Townhome with 4 Washrooms and a Separate Entrance Basement — perfect for extra income or extended family! 💰🏡

✨ Features You’ll Love:
✔️ Bright open-concept living & dining area
✔️ Hardwood stairs & elegant foyer
✔️ Abundant pot lights + stylish LED accent lighting
✔️ Freshly renovated with modern paint throughout
✔️ Stainless steel appliances
✔️ TWO kitchens for added flexibility 🍽️
✔️ Income potential with separate basement entrance

📍 Prime Location in Downtown Ajax:
🚶‍♂️ 5-minute walk to GO Train
🚗 Quick access to Highway 401
🛒 Steps to grocery stores, shops & LCBO
🏥 Close to hospital & medical centre
🌳 Near parks & playgrounds

This home offers the perfect blend of comfort, style, and convenience — ideal for families and investors alike!

📩 DM for details or to book your private showing today!