Toronto Regional Real Estate Board Market Report - June 2026

Toronto Regional Real Estate Board — June 2026

In June 2026, the Greater Toronto Area's composite benchmark price reached $953,400, while the average selling price was $1,058,658. New listings totaled 17,282, reflecting a 12.9% decline year-over-year.

Market Analysis

The Greater Toronto Area (GTA) housing market shows signs of improvement as sales increase year-over-year, despite a decrease in new listings. The composite benchmark price of $953,400 represents a 5.4% decline compared to June 2025, indicating that while prices are still down, the rate of decline is slowing. TRREB reports that the average selling price has also decreased by 3.9% year-over-year, suggesting that while buyers are more active, they are still facing affordability challenges in the current market environment.

As the market transitions into the second half of 2026, the dynamics of supply and demand are shifting. With fewer new listings entering the market, competition among buyers is expected to intensify, which could lead to a stabilization or even an increase in prices. TRREB's leadership anticipates that if current trends continue, the market may see a rebound in prices similar to those observed in 2025, as pent-up demand is gradually met.

Property Type Analysis

Currently, specific benchmark prices and sales data for property types such as detached homes, attached/townhouses, and apartments are not available. However, the overall market conditions indicate that all property types are likely experiencing similar trends, with a tightening supply and increasing buyer interest. As competition grows, different property types may respond variably, depending on their location and price point.

In general, detached homes tend to attract more buyers due to their larger living spaces and yards, while attached homes and apartments may appeal to first-time buyers and those seeking more affordable options. The overall balance in the market suggests that all segments may benefit from the anticipated increase in buyer activity in the coming months.

Regional Highlights

Regionally, the GTA continues to grapple with housing affordability issues, exacerbated by rising development charges that can account for up to 20% of a home's purchase price. This situation underscores the importance of initiatives like the Canada-Ontario DC Reduction Program, which aims to alleviate some of these costs for municipalities and, in turn, for homebuyers.

As the market evolves, areas with robust infrastructure and amenities are likely to see heightened demand, particularly as buyers seek value in their investments. The decline in new listings may also lead to increased interest in suburban areas, where buyers can find more space for their budgets.

For Buyers

For potential buyers, it is crucial to stay informed about market trends and be prepared to act quickly when suitable properties become available. Given the tightening supply, buyers should consider being flexible with their criteria and be ready to make competitive offers to secure their desired homes.

For Sellers

Sellers are encouraged to take advantage of the current market conditions by pricing their homes strategically to attract buyers. With fewer listings available, presenting a well-maintained property can lead to quicker sales and potentially higher offers. Engaging a knowledgeable real estate professional can help sellers navigate the market effectively.