02/10/2026
Winter weather has carried over into the real estate market, with the Greater Toronto area starting 2026 at a slower pace.
January home sales: 3,082
⬇️ Down 19.3% year over year
Active listings: 17,975
⬆️ Up 8.1% YoY
📊 Months of inventory: 5.8
As inventory approaches six months, the market continues to shift toward buyer-friendly conditions, offering more choice, stronger negotiating power, and downward pressure on prices.
The average selling price in January was $973,289, down 6.5% from last year. With the Bank of Canada holding interest rates steady, price softness combined with mortgage rate stability may encourage more buyers to re-enter the market.
According to the Toronto Regional Real Estate Board, inventory levels should help keep prices in check in the near term, with a busier second half of 2026 expected as affordability and confidence improve.
Condo market update:
• Sales down 26% YoY
• Average price down nearly 10% to $604,759
• ~20,000 new condo units expected by the end of 2026
The recent price declines — particularly in smaller units — are creating opportunities for buyers and investors paying close attention.
As activity builds later this year, prices are likely to trend upward. The opportunity to find value is often strongest before momentum returns.
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