09/07/2026
GTA Market Cools as Prices and Sales Ease
The Greater Toronto real estate market is showing signs of cooling as we enter Early-Q3, with approximately 6,000 homes sold—a slight drop of around 1% year-over-year after several months of gains. Still, activity did pick up about 3% month-over-month. The average selling price remains just under $1 million, and the benchmark price for a typical home has dipped around 5% compared to last year. This means buyers are still finding themselves with some negotiating power throughout much of the GTA.
Looking at specific property types, detached home sales nudged up by about 1% year-over-year, while semi-detached homes saw a 6% decline, townhouses slipped by 3%, and condo apartment sales stayed almost flat. Meanwhile, new listings dropped to roughly 14,500 (down 18% from last year), and active listings landed at about 26,100—a 12% decrease. This tighter supply is leaving buyers with fewer fresh options to consider.
As an Award Winning Broker and Real Estate Negotiation Expert, I’ve seen how shifting inventory and buyer confidence can shape opportunities for both buyers and sellers. With sales taking a larger share of available listings, there’s potential for price negotiations to narrow and conditions to balance out—especially as market confidence returns. My approach is always rooted in transparency and integrity, ensuring my clients are well-informed and prepared to navigate these changing dynamics and make confident decisions about their next move.
