07/03/2026
Market Watch - June 2026 š
Greater Toronto Area (GTA) housing market conditions continued to improve in June, with sales growing quite strongly year-over-year while new listings declined over the same period. For the first half of 2026, sales have also edged higher compared to the first six months of 2025, with new listings down substantially.Ā
āAfter a slow start in the first quarter, we saw a marked improvement in home sales in the second quarter of this year. This result followed TRREBās 2026 outlook, which called for a year of two halves. We expect accelerating transactions and more competition between buyers in the last six months of the year, helping to satisfy pent-up demand and ultimately resulting in renewed price growth,ā said TRREB President Daniel Steinfeld.Ā
āWhile the average selling price was still down year-over-year in June, the annual rate of decline has receded over the past few months. If market conditions continue to tighten in the second half of 2026, selling prices could move in line with 2025 and eventually post some increases. This would give an increasing number of households the confidence to move back into the marketplace,ā said TRREBās Chief Information Officer Jason Mercer.Ā
āHousing affordability remains a priority for the region. Development charges, while essential to funding local infrastructure, have substantially increased the upfront cost of housing delivery. This, in turn, contributes to higher purchase prices and rental costs as they can amount to up to 20Ā per centĀ of a homeās purchase price. The CanadaOntario DC Reduction Program presents a meaningful opportunity for municipalities to reduce these charges while accessing provincial funding to offset related fiscal impacts,ā said TRREB CEO John DiMichele.
šĀ Link to June 2026 Full Market Report in bio
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Do you have any questions about real estate? Are you looking to buy or sell? If so, don't hesitate to get in touch!Ā š²
šĀ Beau Kelland
š±Ā (647) 746-6467
š§Ā [email protected]
š»Ā www.beaukelland.ca
šĀ Durham Region & Surrounding Areas