Toronto Real Estate Market Update: June 2026
Published July 2026 | TorontoRealEstateExpert.com
If you’ve been wondering whether the Toronto real estate market is finally turning a corner, June’s numbers give us some real answers. Home sales across the Greater Toronto Area (GTA) jumped nearly 10% compared to last year, even as prices continued their slow, steady adjustment downward. Here’s everything buyers and sellers need to know from the latest TRREB Market Watch report.
GTA Housing Market Snapshot: June 2026
| Metric | June 2026 | June 2025 | Change |
|---|---|---|---|
| Home Sales | 6,770 | 6,191 | +9.4% |
| New Listings | 17,282 | 19,847 | -12.9% |
| Active Listings | 27,329 | 31,585 | -13.5% |
| Average Selling Price | $1,058,658 | $1,101,854 | -3.9% |
| Benchmark Price (MLS® HPI) | $940,800 | ~$994,500 | -5.4% |
| Days on Market | 29 | 26 | +11.5% |
The headline story this month isn’t really about price — it’s about inventory. New listings and active listings both fell faster than sales grew, which is exactly the kind of setup that tends to precede price stabilization. Fewer homes are coming onto the market, but more of the ones that are listed are actually selling.
Are Toronto Home Prices Still Falling?
Yes, but the decline is losing steam. The average GTA selling price of $1,058,658 is down 3.9% year-over-year — and that annual gap has been narrowing for several months in a row. The MLS® Home Price Index, which is generally considered the more accurate read on true price direction, was down 5.4% year-over-year but essentially flat month-over-month.
In plain terms: prices aren’t done adjusting, but the pace of that adjustment is clearly slowing down.
Toronto & GTA Home Prices by Property Type
| Home Type | Avg. Price (June 2026) | Sales | YoY Price Change |
|---|---|---|---|
| Detached | $1,364,204 | 3,256 | ~-2% |
| Semi-Detached | $1,038,973 | 617 | -4.7% |
| Freehold Townhouse | ~$844,579 | 1,082 | ~-5.5% |
| Condo Apartment | $630,688 | 1,714 | -9.4% |
Detached homes are leading the recovery, posting the smallest year-over-year price decline of any category alongside a solid 9% jump in sales. If you’re selling a freehold property, this is good news — well-priced listings are moving quickly, with the average sale-to-list ratio across the GTA sitting around 98%.
Condo apartments tell a different story. Prices are down close to 9-10% from last year, the steepest drop of any segment, yet condo sales grew faster than any other property type (+14.3% year-over-year). For buyers — especially first-timers — this combination of falling prices and rising demand makes condos the most negotiable, and arguably the most interesting, corner of the market right now.
Is It a Buyer’s Market or a Seller’s Market in Toronto Right Now?
Neither, exactly — the GTA is in a transitional phase. Sales have recovered much faster than prices, which means:
- Buyers still have negotiating leverage, particularly on condos, where inventory remains relatively high
- Sellers of detached and semi-detached homes are in a stronger position than they were a year ago, especially if priced correctly
- Both sides are dealing with a market that’s tightening in real time — waiting on the sidelines carries its own risk as supply keeps shrinking
Regional Highlights Across the GTA
- City of Toronto (416): Condo prices are nearly back to late-2019 levels, and for the first time in 16 years, Toronto condos are more affordable than Montreal’s relative to local incomes.
- Mississauga: 592 sales at an average price of roughly $1.19 million.
- Brampton: 518 sales at an average price of about $966,000 — one of the more accessible large markets in the GTA.
- Vaughan: 524 sales at an average of about $1.33 million.
What’s Next for the Toronto Housing Market?
TRREB has described 2026 as “a year of two halves” — a slow start followed by a stronger spring and summer. If new listings and active inventory keep tightening through the back half of the year, industry leaders expect selling prices to stabilize near 2025 levels, with room for modest gains if the economy stays resilient.
Add to that: the Bank of Canada’s overnight rate and prime lending rates have held steady in recent months, giving buyers more certainty on borrowing costs — often the missing ingredient that brings hesitant buyers back into the market.
Bottom Line for Buyers & Sellers
- Buying a condo? This may be one of the most buyer-friendly windows in years.
- Selling a detached or semi-detached home? Price it right and expect solid buyer interest.
- Sitting on the fence? Inventory is shrinking — waiting for the “perfect” moment could mean facing more competition later in the year.
Thinking about buying or selling in Toronto or the GTA? [Contact us] for a personalized market analysis for your neighbourhood.