Toronto Regional Real Estate Board Reports June 2026 Market Trends: Prices Decline Amid Buyer Conditions

Toronto Regional Real Estate Board — June 2026

In June 2026, the Toronto Regional Real Estate Board reports a composite benchmark price of $2,380,200, reflecting a 2.2% decrease year-over-year. Total sales dropped to 21, while new listings increased to 88, contributing to a months of inventory figure of 9.7.

Market Analysis

The Toronto real estate market is currently favoring buyers, as evidenced by the significant increase in months of inventory, which rose from 6.7 in May to 9.7 in June. This shift indicates a growing supply relative to demand, with active listings reaching 204. The sales-to-new-listings ratio (SNLR) stands at 23.9%, suggesting that while new listings are coming onto the market, sales are not keeping pace, leading to an accumulation of inventory.

Property Type Analysis

Data on specific property types remains unavailable for June 2026; however, the overall market dynamics suggest that buyers may find more opportunities across various segments. The decline in average price to $3,765,705 indicates a cooling trend that could affect all property types, particularly as inventory levels rise.

Regional Highlights

Regionally, the increase in new listings to 88 indicates a potential shift in seller sentiment, possibly driven by the current market conditions. Buyers may benefit from a wider selection of properties, while sellers may need to adjust their pricing strategies to remain competitive in a market that is increasingly favoring buyers.

For Buyers

For buyers, this is an opportune time to enter the market, as the increase in inventory provides more choices and potentially better negotiating power. It is advisable for buyers to conduct thorough market research and consider properties that may have been previously out of reach due to higher demand.

For Sellers

Sellers should be mindful of the current buyer-favorable conditions and may need to price their homes competitively to attract interest. With the rising months of inventory, it is crucial for sellers to present their properties well and be prepared for a longer selling process.