With the excitement of the World Cup capturing attention around the globe, there are also some encouraging developments happening closer to home in the Greater Toronto Area housing market.
After a slower start to the year, the GTA real estate market showed renewed momentum in June. Home sales increased by 9.4% compared to June 2025, while the number of new listings declined by 12.9%. With fewer homes coming to market and more buyers becoming active, market conditions are becoming more balanced, creating increased competition for well-priced properties.
Year-to-date, home sales have slightly outpaced the first half of 2025, while available inventory remains significantly lower. This reduction in supply is helping to absorb existing listings and may contribute to firmer home prices as we move through the second half of 2026.
The average GTA home sold for $1,058,658 in June. While this remains 3.9% lower than a year ago, the rate of price decline continues to slow. Month-over-month, average prices posted modest gains, another positive indicator that the market may be stabilizing.
According to Jason Mercer, Chief Information Officer at TRREB, buyer activity is expected to strengthen throughout the remainder of 2026 as confidence returns and pent-up demand is released. If this trend continues, home prices could level off and potentially begin to rise again before the end of the year.
Affordability remains a key concern across the GTA. Industry leaders continue to advocate for reductions in development charges, which can account for as much as 20% of the cost of a new home. Lowering these costs could help improve affordability for future homebuyers.
Whether you’re considering buying your first home, moving up, downsizing, or investing, today’s market presents opportunities that may not have been available earlier in the year. Every neighborhood is unique, and understanding local market conditions is essential when making real estate decisions.
If you’re wondering what these changes mean for your area or would like an updated value of your home, I’d be happy to help
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Market Stats in GTA
Market Stats in GTA
As we move further into the summer season, the Greater Toronto Area real estate market continues to show encouraging signs of recovery. May brought stronger buyer activity, while fewer new properties came to market compared to the same time last year, helping create a healthier balance between supply and demand.
After many months of elevated inventory, the market is gradually tightening as buyers absorb available homes. In several communities across the GTA, competition has begun to increase, creating conditions that may help stabilize home prices and support future market growth.
Improved affordability has been one of the biggest drivers of this renewed activity. Lower home prices compared to a year ago, combined with reduced borrowing costs, have made homeownership more accessible for many buyers who had been waiting for the right opportunity to enter the market.
During May, 6,583 homes were sold across the GTA, representing a 6.3% increase compared to May 2025.
At the same time, new listings declined by 13.3% year over year, reducing the number of homes available for purchase and creating a more balanced marketplace.
Market momentum also strengthened on a month-to-month basis. Compared to April, home sales increased by 10%, while new listings declined slightly. This indicates that buyer demand is growing faster than new inventory is entering the market.
The average selling price reached $1,069,700 in May, down 4.6% compared to May 2025. However, the average price was slightly higher than in April, suggesting that prices may be beginning to stabilize and gradually recover.
For buyers, today’s market continues to offer excellent selection and greater negotiating opportunities. Improved affordability, lower home prices compared to last year, and reduced borrowing costs are encouraging more buyers to re-enter the market.
However, with sales activity increasing and new listings declining, competition is beginning to build in several GTA communities. Buyers who have been waiting for the right opportunity may want to take advantage of current conditions before the market becomes more competitive.
For sellers, improving demand and declining inventory could create stronger selling conditions in the months ahead. Well-priced homes in desirable neighbourhoods may benefit from increased buyer competition as more purchasers return to the market.
The condominium market continued to experience price pressure as recently completed projects added more inventory to the market.
Even so, buyer confidence improved noticeably, with condominium sales increasing by nearly 8% compared to the same period last year.
Better affordability and lower financing costs are encouraging many buyers to re-enter the condo market after waiting on the sidelines. While additional inventory continues to put pressure on prices, improving sales activity could be an early sign of a healthier condo market ahead.
If current trends continue throughout the second half of 2026, supported by lower interest rates, improving economic confidence, and greater stability in global trade and geopolitical conditions, the GTA housing market could see further price stabilization and gradual growth heading into 2027.
With buyer demand strengthening faster than new inventory is entering the market, conditions could become increasingly competitive in the months ahead.
Whether you’re buying your first home, upgrading, downsizing, investing, or simply looking for advice, I’m always here to help.
Have questions about your local market or want to discuss your real estate goals? Let’s connect and make informed decisions together.
Market Stats in GTA
The Greater Toronto Area real estate market continued to gain momentum throughout April, with stronger buyer activity and fewer new listings creating more balanced market conditions.
As we move further into the spring market, improving affordability and lower borrowing costs are encouraging more buyers to re-enter the market, while declining inventory is beginning to create more competition in many GTA neighbourhoods.
According to the Toronto Regional Real Estate Board (TRREB), 5,946 homes were sold across the GTA in April 2026, representing a 7% increase compared to April 2025.
At the same time, new listings declined by 9.3% year over year, while buyer demand continued to strengthen. As a result, inventory decreased to approximately 4.2 months of supply, bringing the market closer to balanced conditions.
The average selling price reached $1,051,969. While this was 4.9% lower than April 2025, prices increased by approximately 3% compared to March 2026 on a seasonally adjusted basis. This month-over-month improvement is an encouraging sign that the GTA housing market may be beginning to stabilize.
Although home prices remain below last year’s levels, the month-over-month increase suggests that competition is beginning to return to many GTA neighbourhoods.
Improved affordability, combined with lower borrowing costs, has encouraged more buyers to re-enter the market this spring.
According to TRREB Chief Market Analyst Jason Mercer, there is still significant pent-up demand waiting on the sidelines. As economic confidence continues to improve and trade conditions become more stable, buyer activity is expected to strengthen further throughout the year.
For buyers, today’s market continues to offer opportunities to benefit from relatively favourable prices, greater choice, and negotiating power. However, as inventory declines and demand increases, competition could become stronger in the months ahead.
For sellers, improving buyer activity and declining inventory are creating increasingly favourable conditions, particularly for well-priced homes in desirable neighbourhoods.
The condominium market also experienced encouraging growth in April.
Condo sales increased by 9% compared to the previous year, while average prices remained approximately 6.3% lower than last year.
These conditions continue to attract first-time homebuyers and investors, particularly those looking at smaller units under 600 square feet, where affordability remains more accessible.
With sales activity improving while prices remain below last year’s levels, the condo market may offer attractive opportunities for buyers who have been waiting for more favourable conditions.
The current GTA housing market offers excellent opportunities for buyers who want more choice and negotiating power, while sellers are beginning to benefit from improving demand and declining inventory.
If these trends continue, market conditions could become increasingly competitive in the months ahead as more buyers return to the market and available inventory continues to tighten.
Whether you’re planning to buy, sell, invest, or simply want to understand what today’s market means for your home’s value, I’m always here to help.
Have questions about the market or your real estate plans? Let’s connect and discuss your goals.
Market Stats in GTA
Although winter lingered longer than expected, the Greater Toronto Area housing market began showing encouraging signs of improvement in March.
Home sales increased compared to the same time last year, while lower home prices and improved affordability encouraged more buyers to enter the market ahead of the spring season. As economic confidence improves and progress continues on trade and geopolitical issues, buyer activity is expected to strengthen further.
According to the Toronto Regional Real Estate Board (TRREB), 5,039 homes were sold across the GTA in March 2026, representing a 1.7% increase compared to March 2025.
At the same time, active listings declined by 8% year over year, indicating that market conditions are gradually becoming more balanced as the supply of available homes begins to tighten.
The average selling price was $1,017,796, down 6.7% compared to March 2025. However, prices remained relatively stable on a month-over-month basis, with a slight increase from February. This could be an early indication that the market is beginning to stabilize.
Buyers continued to enjoy strong negotiating power throughout March, benefiting from improved affordability and greater selection across most market segments.
According to TRREB Chief Market Analyst Jason Mercer, these favourable market conditions have contributed to lower average selling prices compared to last year.
However, as inventory continues to tighten and buyer demand gradually increases, home prices may begin to level off during the remainder of 2026.
For buyers who have been waiting for the right opportunity, today’s market may still offer attractive conditions before competition increases further.
For sellers, the combination of declining inventory and improving buyer activity could create a more favourable market as we move further into the year.
One of the most significant housing announcements this year came from the Ontario and federal governments, introducing new measures designed to encourage home construction and improve affordability for buyers of newly built homes.
From April 1, 2026, through March 31, 2027, eligible purchasers of newly built homes can benefit from a substantial HST rebate:
These incentives are available to eligible purchasers, including first-time buyers, repeat buyers, and investors.
Additional relief related to municipal development charges is also expected, with further details anticipated from the provincial government.
Many developers are actively promoting their remaining inventory to take advantage of these new incentives, creating attractive opportunities for buyers interested in purchasing a newly built home.
Combined with lower borrowing costs and improving market conditions, these affordability measures could help stimulate buyer demand, support new home construction, and address some of the GTA’s ongoing housing supply challenges.
As inventory continues to tighten and buyer confidence improves, the GTA housing market may be entering an important transition period. Buyers who are prepared to act may be able to take advantage of today’s opportunities before competition increases further.
Whether you’re buying your first home, selling, investing, or simply looking for guidance on today’s market, I’m always here to help.
Have questions about the market or your real estate plans? Let’s connect and discuss your goals.
Market Stats in GTA
As winter begins to fade, the Greater Toronto Area real estate market is showing early signs of tightening.
Although home sales were lower than a year ago, the number of new listings declined even more sharply, reducing the supply of available homes and creating more balanced market conditions.
Recent consumer surveys also indicate that fewer homeowners plan to list their properties in 2026. If this trend continues into the spring market, buyers may face increased competition, which could help stabilize home prices and support stronger sales activity later this year.
According to the Toronto Regional Real Estate Board (TRREB), 3,868 homes were sold across the GTA in February 2026, representing a 6.3% decrease compared to February 2025.
On a seasonally adjusted basis, both home sales and new listings declined from January 2026. However, new listings fell at a faster pace than sales, contributing to tighter market conditions and reducing the supply of available homes.
The average selling price was $1,008,968, a 7.1% decrease compared to February 2025. While prices remain below last year’s levels, improved affordability is encouraging more buyers to begin exploring the market.
According to TRREB Chief Market Analyst Jason Mercer, there is substantial pent-up demand across the GTA, with more than 100,000 potential buyers waiting for greater market certainty before making a purchase.
As confidence improves, home prices stabilize, and economic and trade conditions become more favourable, buyer activity is expected to strengthen significantly during the second half of 2026 and into 2027.
For buyers, today’s market continues to offer opportunities through improved affordability and greater negotiating power. Sellers, meanwhile, may benefit from declining inventory levels if buyer demand continues to increase over the coming months.
The condominium market remained under pressure in February. Condo sales declined 11.2% year over year, while average condominium prices fell 8.9% compared to February 2025.
With approximately 20,000 new condominium units expected to be completed across the GTA during 2026, pricing may continue to face short-term pressure as additional inventory enters the market.
Looking further ahead, many economists expect condominium market conditions to improve toward the end of 2026 and into 2027. As the pace of new construction slows and the GTA continues to welcome approximately 50,000 new residents each year, growing demand is expected to gradually absorb available inventory and support a healthier condo market.
The GTA real estate market may be entering a period of transition. While sales and prices remain below last year’s levels, declining new listings, improved affordability, and substantial pent-up demand could create stronger market activity as the year progresses.
For buyers, the current market may provide an opportunity to explore more options and negotiate favourable terms before competition increases. For sellers, lower inventory could become increasingly favourable if buyer demand strengthens throughout the year.
Whether you’re buying, selling, investing, or simply looking for advice about today’s market, I’m always here to help.
Have questions about your real estate goals or your home’s value? Let’s connect and discuss how I can help you make the most of today’s market.
Market Stats in GTA
According to the Toronto Regional Real Estate Board (TRREB), 3,082 homes were sold in January 2026, representing a 19.3% decrease compared to January 2025. At the same time, active listings increased by 8.1% year over year, reaching 17,975 available homes across the GTA.
With 5.8 months of inventory currently available, buyers have more choices and greater negotiating power. As inventory approaches six months, market conditions generally become more balanced and can begin to favour buyers.
The average GTA home sold for $973,289 in January 2026, a 6.5% decline compared to January 2025. Combined with stable borrowing costs following the Bank of Canada’s decision to hold interest rates steady, lower home prices are creating improved affordability and new opportunities for buyers entering the market.
According to TRREB Chief Market Analyst Jason Mercer, the current level of inventory should help keep home prices relatively stable in the near term. However, improving affordability and growing consumer confidence could bring more buyers back into the market during the second half of 2026.
For buyers, today’s market offers an opportunity to explore a wider selection of homes, negotiate more favourable terms, and potentially secure better value before competition increases.
For sellers, the market may remain slower in the short term, but stronger buyer demand is expected as affordability improves and confidence returns.
The condominium market continues to face challenges due to a higher-than-normal number of new unit completions. Approximately 20,000 new condominium units are expected to be delivered across the GTA by the end of 2026, adding further inventory to the market.
Condo sales declined by 26% compared to January 2025, while the average condominium price fell by nearly 10% to $604,759. Much of this decline reflects increased sales activity in smaller, investor-oriented units that have become more affordable.
For first-time buyers and investors, these lower prices may create attractive opportunities to enter the Greater Toronto and Hamilton Area (GTHA) condominium market at more competitive price points.
While 2026 has started at a slower pace, improving affordability, stable interest rates, and growing buyer confidence could support a stronger GTA housing market as the year progresses.
Buyers who are prepared to act early may be able to take advantage of today’s favourable conditions before competition and prices begin to increase.
Whether you’re thinking about buying, selling, investing, or simply want to understand what’s happening in the GTA real estate market, I’m here to help.
Have questions about the market or your real estate plans? Let’s connect and discuss your goals.
