Toronto Regional Real Estate Board Reports June 2026 Market Trends: Composite Benchmark Price at $1,589,400

Toronto Regional Real Estate Board — June 2026

In June 2026, the Toronto Regional Real Estate Board reports a composite benchmark price of $1,589,400, with an average price of $2,253,469. The market saw a total of 24 sales and 103 new listings, resulting in 236 active listings and a months of inventory of 9.8.

Market Analysis

The Toronto real estate market continues to exhibit conditions favorable to buyers, with a sales-to-new-listings ratio (SNLR) of 23.3%. This indicates that while new listings are entering the market, buyer demand remains subdued, contributing to a significant months of inventory figure of 9.8. The average price has decreased by 7.5% year-over-year, reflecting a cooling market compared to previous periods, although specific year-over-year sales data is not available for comparison.

Property Type Analysis

Due to the limited data available for specific property types in June 2026, a detailed analysis of detached, attached/townhouse, and apartment sales cannot be provided. However, the overall market trend suggests that all property types are likely experiencing similar pressures from increased inventory and decreased buyer activity, which may influence pricing strategies across the board.

Regional Highlights

Regionally, the Toronto market is witnessing a shift as buyers become more discerning in their purchasing decisions. The influx of new listings has not translated into a corresponding increase in sales, indicating a potential mismatch between buyer expectations and market realities. This trend may vary across different neighborhoods, with some areas experiencing more pronounced effects than others.

For Buyers

For prospective buyers, this is an opportune time to enter the market given the current inventory levels and declining prices. Buyers should conduct thorough research on neighborhoods and property types, and consider making offers that reflect current market conditions, as there may be room for negotiation.

For Sellers

Sellers are advised to be realistic about pricing in the current market environment. With a high months of inventory and declining prices, it is crucial to set competitive prices and consider staging or minor renovations to enhance property appeal. A well-prepared listing can attract buyers even in a challenging market.