Toronto Regional Real Estate Board: February 2026 Composite Benchmark Price at $938,800, Down 7.9% Year-Over-Year; New Listings Total 10,705

Toronto Regional Real Estate Board — February 2026

The Toronto Regional Real Estate Board reports a Composite Benchmark Price of $938,800 for February 2026, representing a 7.9 per cent year-over-year decline. Total sales reached 3,868, down 6.3 per cent compared to February 2025, while new listings amounted to 10,705, a 17.7 per cent decrease from the previous year.

Market Analysis

The Toronto Regional Real Estate Board reported 3,868 home sales through TRREB’s MLS® System in February 2026, which is down by 6.3 per cent compared to February 2025. New listings entered into the MLS® System amounted to 10,705, down by 17.7 per cent year-over-year. The MLS® Home Price Index (MLS® HPI) Composite benchmark was $938,800, down by 7.9 per cent year-over-year in February 2026. The average selling price was $1,008,968, down by 7.1 per cent compared to February 2025.

On a seasonally adjusted basis, February home sales and new listings were down month-over-month compared to January 2026. New listings were down by a greater monthly rate than sales. On a month-over-month seasonally adjusted basis, both the MLS® HPI Composite and the average selling price were down compared to January 2026 figures. TRREB President Daniel Steinfeld stated, “Many would-be homebuyers are waiting for selling prices to level off before moving into the market. If new listings continue to trend lower through the spring, competition between homebuyers will increase, supporting home prices and a recovery in sales.”

Property Type Analysis

For February 2026, the Toronto Regional Real Estate Board reported a Detached benchmark price of $1,149,300. The Attached/Townhouse benchmark price was $685,400, and the Apartment benchmark price was $542,200.