07/05/2026
📊 June 2026 GTA Market Snapshot – Market Tightens Further as Sales Strengthen
📈 Sales Continue to Rise While Listings Decline
The Greater Toronto Area (GTA) resale housing market continued to tighten in June 2026. Home sales increased to 6,770 transactions, representing a 9.4% rise compared to June 2025. At the same time, new listings declined by 12.9% to 17,282. This combination of stronger demand and reduced supply signals ongoing absorption of available inventory, with buyer competition increasing in certain segments and neighbourhoods.
💵 Prices Remain Lower Year-over-Year but Decline Eases
The average selling price for June was $1,058,658, down 3.9% year-over-year. While prices remain below June 2025 levels, the pace of annual decline has continued to moderate. On a seasonally adjusted basis, both average prices and the MLS® HPI edged slightly higher compared to May 2026, suggesting early signs of stabilisation as market conditions tighten.
🏠 Market Momentum Builds into Second Half of 2026
Average Property Days on Market (PDOM) continued to reflect a more active but still balanced environment as buyers respond to improved affordability and borrowing conditions. With sales strengthening and listings trending lower for several consecutive months, market momentum appears to be building heading into the second half of 2026, potentially setting the stage for price stabilization if trends persist.
Key Market Indicators (Year-over-Year Summary)
📍 Average Home Sale Price: $1,058,658 / -3.9%
📍 Sales: 6,770 / +9.4%
📍 New Listings: 17,282 / -12.9%