02/05/2026
๐ Toronto Real Estate Market Update โ January 2026
The GTA housing market started the year a little slower compared to last January, which honestly is not surprising given interest rates and overall affordability challenges buyers are still working through.
๐ There were 3,082 home sales in January. That is down about 19% compared to January last year.
๐ New listings came in at 10,774, which is also down year-over-year, but not quite as much. More listings combined with fewer sales means buyers are seeing a bit more choice right now.
๐ Prices have adjusted slightly:
โข Benchmark prices are down about 8% year-over-year
โข The average GTA sale price landed at $973,289, down about 6.5% from last January
Looking at the month-to-month trend, sales slowed slightly compared to December, while listings ticked up a bit. Prices also softened slightly month-over-month, which suggests the market is continuing to rebalance after the volatility we saw the last couple of years.
From what I am seeing locally in South Etobicoke, this is creating a market that is becoming much more property-type specific. Some segments are still very competitive, while others are giving buyers more negotiating room.
TRREB also just released their 2026 Market Outlook and Year in Review Report, which gives a deeper breakdown of trends across resale, new construction, condos, and even commercial real estate. Lots of interesting insights if you like following where the market may be heading.
If you are curious how these broader GTA trends translate into what is happening specifically in South Etobicoke, feel free to reach out anytime. The micro-markets can behave very differently from the headlines.