Toronto Regional Real Estate Board Reports June 2026 Market Trends: Prices Decline Amid Seller's Market

Toronto Regional Real Estate Board — June 2026

In June 2026, the Toronto Regional Real Estate Board reports a composite benchmark price of $874,400 and an average price of $917,592. Total sales reached 157, with new listings at 334 and active listings at 438, indicating a continued seller's market.

Market Analysis

The Toronto real estate market in June 2026 demonstrates a notable decline in prices, with a year-over-year decrease of 6.3%. Despite this price drop, the market remains competitive, evidenced by a sales-to-new-listings ratio (SNLR) of 47.0%, suggesting that nearly half of the new listings are being absorbed by buyers. The months of inventory stands at 2.8, indicating that the market is still favoring sellers, as a lower figure typically reflects a tighter supply relative to demand.

Property Type Analysis

Currently, detailed breakdowns by property type are unavailable for detached, attached/townhouse, and apartment categories. However, the overall market dynamics suggest that while prices are declining, demand remains robust enough to maintain a seller's market across various property types. Buyers may find opportunities in specific segments, but the overall trend indicates a competitive landscape.

Regional Highlights

Regionally, the Toronto market continues to face challenges with inventory levels, as active listings at 438 remain low compared to the number of new listings. This imbalance contributes to sustained upward pressure on prices despite the overall decline. The market's performance in June reflects broader economic conditions and buyer sentiment, which will be crucial to monitor in the coming months.

For Buyers

Prospective buyers are encouraged to act strategically in this seller's market. With a limited number of active listings and a competitive environment, it is advisable to be prepared with pre-approved financing and to act quickly when suitable properties become available.

For Sellers

Sellers should leverage the current market conditions by pricing their homes competitively and presenting them in the best possible light. With a strong SNLR and limited inventory, well-prepared listings are likely to attract significant interest from buyers.