Seasonally adjusted transactions recorded their biggest monthly gain in nine months, while new listings rose 3.7%, Toronto Regional Real Estate Board data showed on Tuesday.
The stronger sales pace helped halt a 10-month decline in home prices as lower prices drew buyers back into the market.
The April rebound suggests improving demand in Toronto's housing market after a prolonged downturn, though the report gave no indication yet of how durable the recovery will be.
Is Toronto's housing surge a true recovery or a bull trap for unsuspecting buyers?
With bidding wars and a condo market collapse, is Toronto's housing fracturing into two different realities?
Can government incentives save homeowners from the coming wave of mortgage renewal shocks?