GTA Real Estate Market Update – June 2026

The Greater Toronto Area housing market continued to strengthen in June 2026, building on the momentum that began in the spring. Home sales increased while new listings declined, creating a more balanced market and giving sellers greater confidence than earlier this year. The first half of 2026 has unfolded much as TRREB anticipated, with a slow first quarter followed by a noticeable rebound in buyer activity.

June 2026 Market Highlights

• • 6,770 homes sold, an increase of 9.4% compared to June 2025.

  • 17,282 new listings, down 12.9% year-over-year.

  • Average selling price: $1,058,658, down 3.9% from June 2025.

  • The MLS® Home Price Index (HPI) declined 5.4% year-over-year.

  • On a seasonally adjusted basis, both sales and prices increased month-over-month, while new listings declined, indicating that market conditions continue to tighten.

Year-to-Date (January–June 2026)

The market has shown steady improvement through the first six months of the year:

• • 31,149 homes sold, slightly above the same period in 2025.

  • 88,065 new listings, down significantly from 103,288 during the first half of last year.

  • Average selling price: $1,037,597, compared to $1,095,081 one year ago.

Key Takeaways

 Buyers Are Returning

Buyer confidence continues to improve as lower borrowing costs and improving affordability encourage more people back into the market. Sales have strengthened considerably since the first quarter.

 Inventory Is Tightening

New listings have fallen while sales have increased, reducing available inventory. If this trend continues, buyers can expect more competition in the months ahead.

 Prices May Be Nearing a Turning Point

Although prices remain below last year’s levels, the pace of decline has slowed. Month-over-month price gains suggest values are beginning to stabilize, with the potential for modest appreciation later this year if demand continues to strengthen.

 Market Conditions Are Becoming More Balanced

The combination of rising sales and fewer listings signals a healthier marketplace compared to earlier this year. Both buyers and sellers now have greater confidence to make decisions.

 Housing Affordability Remains a Focus

TRREB continues to advocate for reducing development charges, noting they can account for up to 20% of the cost of a new home. Lower development charges could improve housing affordability while supporting future housing supply.

What This Means for Buyers and Sellers

For Buyers:

While there are still opportunities, the window for negotiating may begin to narrow if inventory continues to tighten. Acting before competition increases could provide an advantage.

For Sellers:

Demand is improving, and well-priced homes are attracting stronger interest. As market conditions continue to rebalance, sellers may benefit from increased buyer competition, particularly for desirable, move-in-ready properties.

Looking Ahead

TRREB expects the second half of 2026 to see continued growth in sales activity, increased buyer competition, and the possibility of renewed price appreciation as pent-up demand is released into the market. If current trends continue, the GTA housing market appears to be transitioning from stabilization toward moderate growth.

ALL STATS FROM TORONTO REGIONAL REAL ESTATE BOARD