03/08/2026
We’re finally starting to thaw out from the deep freeze that defined this winter, and the housing market across the GTA is showing some interesting shifts.
Compared to February of last year, sales were down slightly—but new listings dropped even more. That means the amount of available inventory has tightened. A recent poll also showed fewer homeowners are planning to list their properties in 2026, which could keep supply limited as we head into the spring market.
If listings continue to trend lower, we could see more competition among buyers. And when that happens, it typically supports home prices and can lead to stronger sales activity.
According to the Toronto Regional Real Estate Board, there’s also a significant amount of pent-up demand in the GTA. It’s estimated that more than 100,000 potential buyers are currently sitting on the sidelines, waiting for prices to stabilize and for more clarity around the economy and trade environment. Once those factors improve, we could see a surge in activity in the second half of this year and into 2027.
Here’s a quick snapshot from February:
• 3,868 homes sold across the GTA (down 6.3% from February 2025)
• Average selling price: $1,008,968 (down 7.1% year-over-year)
• Both sales and new listings declined compared to January, with listings dropping faster than sales
The condo market continues to face some pressure. Condo sales were down 11.2% year-over-year and average prices declined 8.9%. With roughly 20,000 new condo units expected to be completed in 2026, pricing may remain softer in the near term.
That said, many economists believe conditions could begin improving toward the end of this year and into 2027. With population growth in the GTA adding roughly 50,000 new residents per year, that demand should gradually help absorb inventory and support the condo market over time.
If you’re curious about what all of this means for your home—or if you’re thinking about buying, selling, or investing—I’m always happy to help.
Feel free to reach out anytime.
