07/03/2026
June numbers are in, and the market is finally acting the way TRREB said it would back in January: a tale of two halves.
> Sales up 9.4% YoY (6,770 homes sold in June)
> New listings down 12.9% YoY, so buyers have fewer options to pick from
> Avg price at $1,058,658, still down 3.9% YoY, but that decline keeps shrinking each month
> HPI Composite down 5.4% YoY
> MoM, both sales and prices are trending up, seasonally adjusted
Here's our read from the ground: we've felt this shift in showings and offer activity for a few weeks now, buyers who sat out Q1 are back and moving faster because there's simply less to choose from. If listings keep shrinking while demand keeps climbing, don't expect these prices to stay this "friendly" for long. The window to buy before competition really picks up in H2 is narrowing.
Thinking about buying or selling in the GTA? Send us a message, let's talk about what this means for your specific situation.