July 9, 2026 | Buying

The Greater Toronto Area real estate market continued to gain momentum throughout June, signalling a healthier and more balanced market than we saw earlier this year.

After a slower first quarter, activity picked up significantly during the spring. Home sales increased compared to June of last year, while the number of new listings declined. This combination means buyers are beginning to face more competition as inventory tightens, creating encouraging signs for both buyers and sellers heading into the second half of 2026.

A Market That’s Finding Its Balance

In June, 6,770 homes sold across the GTA, representing a 9.4% increase compared to June 2025. At the same time, 17,282 new listings came to market, down 12.9% year-over-year.

When more homes are selling while fewer are being listed, it naturally creates a more balanced marketplace. After many months of abundant inventory, we’re beginning to see conditions shift as buyer confidence gradually returns.

What Does This Mean for Buyers?

Although average home prices remain slightly below where they were a year ago, the pace of price declines has continued to slow. Month-over-month, both average selling prices and benchmark home values posted modest increases.

For buyers, this still represents an opportunity. Interest rates have stabilized, there’s still a healthy selection of homes available, and prices remain more favourable than they were during the peak of the market. However, if current trends continue, today’s buying conditions may not last indefinitely as competition begins to increase.

What Does This Mean for Sellers?

For homeowners considering a move, market conditions are becoming more encouraging.

With fewer new listings entering the market and sales activity strengthening, well-priced and well-presented homes are attracting increased attention. While pricing strategically remains essential, sellers may benefit from less competition than we’ve seen over the past year.

Looking Ahead

The first half of 2026 has reflected a gradual return of confidence to the GTA housing market. If current trends continue, we expect buyer activity to strengthen further throughout the remainder of the year. As inventory continues to tighten, home prices may stabilize and begin to experience modest growth.

Affordability remains an important conversation across the region. Rising development charges continue to contribute to the overall cost of housing, affecting both homeownership and rental affordability. Industry leaders continue to advocate for measures that support housing supply while helping to reduce costs for future buyers.

June 2026 By the Numbers

  • Home Sales: 6,770 (+9.4% year-over-year)
  • New Listings: 17,282 (-12.9% year-over-year)
  • Average Selling Price: $1,058,658 (-3.9% year-over-year)
  • MLS® Home Price Index Benchmark: -5.4% year-over-year

Whether you’re thinking about buying, selling, or simply wondering what these changing market conditions mean for your goals, we’re always happy to help you understand your options and create a plan that works for you.