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June 2026 GTA Housing Market
- June sales of 6,770 units were up sharply, by 9.4% versus last year, and first-half 2026 sales edged up 1.0% despite a weak first quarter.
- While sales rose strongly in the second quarter, new listings declined substantially, which bodes well for renewed price growth in the second half of 2026.
- The average selling price of $1,058,658 was down 3.9% versus June 2025, but on a seasonally adjusted month-over-month basis both the average price and the MLS® HPI Composite were up slightly versus May.
- With stronger sales and fewer new listings, the market is poised for continued recovery over the next six months.
Market Highlights
| Jun 2025 | Jun 2026 | Change | |
|---|---|---|---|
| Resale home sales | 6,191 | 6,770 | +9.4% |
| Average resale price | $1,101,854 | $1,058,658 | -3.9% |
| New listings | 19,847 | 17,282 | -12.9% |
Two-Thirds of Canadians Say There Is No Perfect Time to Buy
Economic uncertainty and rising costs are reshaping how buyers approach the market, according to RBC’s latest Home Ownership Poll. The survey found 64% of Canadians believe there is no ideal moment to buy, even as nearly half of prospective buyers planning to purchase within two years see current conditions as an opportunity.
The results show a market split between those seeing a window to act and those weighing uncertainty over inflation, interest rates and the economy.
Thinking of buying, selling or investing in the GTA? Contact Sergei Mendelev, Sales Representative, HomeLife Frontier Realty Inc., Brokerage, at 416-721-3316 or smendelev777@gmail.com for a free home evaluation or a private consultation.
Statistics courtesy of the Toronto Regional Real Estate Board. Content provided by Mission Response Inc. The information is obtained from sources believed to be reliable, but accuracy cannot be guaranteed and it is not legal, financial or professional advice. Not intended to solicit buyers or sellers currently under contract with a brokerage.
