03/08/2026
The February Toronto real estate stats are out. While the numbers show some positives, the market itself still feels like it’s sputtering. Multiple offers, including bully offers, returned in late January and early February, but that momentum is currently fading. It seems that more offer nights are landing flat, with homes re-listing closer to fair market value.
The sense right now is that sellers are deciding whether to list in this market or wait, while buyers are waiting for prices to stabilize and for the world to get a little more normal.
Let’s look at February’s numbers.
In the freehold market, sales, new listings, and active listings all rose from January, which is typical for this time of year. The average Toronto home price is up 1.2% from January ($1,455,569) but still down 11.3% from February 2025, the peak of the market last year.
The 2025 spring market started strong but stalled as tariff concerns grew, hurting consumer confidence, which remains fragile in 2026.
The condo market is showing some encouraging signs, though no solid trends just yet. Sales and average price are up month-to-month, while new listings and active listings are levelling off or declining. With demand rising and supply easing, we may be nearing the bottom of the resale condo market, though it’s still early to tell.
Who benefits in this market?
First-time buyers, condo investors, and certain move-up buyers.
