07/15/2026
🏙️ GTA Housing Overview
• GTA home sales increased 9.4% year-over-year in June 2026, reaching 6,770 transactions.
• New listings declined 12.9% year-over-year to 17,282, continuing the trend of tightening market conditions.
• The average selling price was $1,058,658, down 3.9% from June 2025, while the MLS® HPI declined 5.4%.
⚖️ Market Dynamics
• Stronger sales and fewer new listings continued to tighten the GTA housing market through the spring.
• On a seasonally adjusted basis, June sales increased month-over-month while new listings declined, pointing to growing buyer competition.
• Price declines continued to moderate, with both the average selling price and MLS® HPI edging higher compared to May.
đź”® Expert Advice and Outlook
• TRREB expects stronger buyer activity and increased competition during the second half of 2026, driven by pent-up demand.
• If market conditions continue tightening, home prices are expected to stabilize and begin showing year-over-year growth.
• Reducing development charges is seen as an important step toward improving housing affordability and encouraging new housing supply.