07/06/2026
The headlines will tell you that prices are still down year-over-year.
But that's only part of the story.
The bigger story is what has happened since the beginning of 2026.
Since January:
• Average home prices have increased from $973,289 to $1,058,658.
• Monthly home sales have grown from 3,082 to 6,770.
• The first half of 2026 recorded 31,288 sales, slightly ahead of the 30,928 sales recorded during the same period in 2025.
• June home sales were up 9.4% year-over-year, while new listings declined 12.9%, pointing to a market that continues to tighten.
Yes, average prices remain below where they were one year ago.
But markets don't recover all at once.
They recover in stages.
First, borrowing costs stabilize.
Then buyers return.
Then inventory tightens.
Then prices stabilize.
Finally, confidence follows.
Over the past six months, we've seen improving affordability, stable interest rates, stronger sales, fewer new listings, and gradually tightening market conditions. Those are all signs of a healthier market than we were seeing at the start of the year.
The question isn't whether today's market looks like 2021.
It doesn't.
The better question is:
Is today's market stronger than it was six months ago?
The data suggests the answer is yes.
What do you think the second half of 2026 has in store for the GTA housing market?
Disclaimer:
The content provided is for informational purposes only and is based on information available at the time it was created. No recommendations are expressed or implied, either directly or indirectly. Do not rely on this content to make business, financial, real estate, or other decisions. Always consult with a qualified professional regarding your individual circumstances. Market statistics sourced from TRREB. Not intended to solicit clients currently under contract.