Toronto Regional Real Estate Board Market Report for June 2026: Prices Decline Amid Increased Listings

Toronto Regional Real Estate Board — June 2026

In June 2026, the Toronto real estate market shows a composite benchmark price of $741,900, reflecting an 8.9% decrease year-over-year. Total sales increased to 45, while new listings rose to 91, indicating a shift towards a seller's market.

Market Analysis

The Toronto real estate market in June 2026 demonstrates a notable shift in dynamics, with a composite benchmark price of $741,900, down from $745,600 in May. The increase in new listings to 91, compared to 42 sales, has contributed to a months of inventory figure of 3.6, indicating a balanced market leaning slightly towards sellers. The sales-to-new-listings ratio (SNLR) stands at 49.5%, suggesting that while demand is present, it is not yet sufficient to drive prices upward significantly.

Property Type Analysis

Currently, specific data on property types such as detached homes, attached/townhouses, and apartments is unavailable. However, the overall market trend indicates that the decline in prices and the increase in active listings may affect all property types similarly, as buyers have more options to consider. The absence of detailed breakdowns highlights the need for further analysis in the coming months to understand the performance of each segment more clearly.

Regional Highlights

Regionally, the Toronto market is experiencing a shift with increased active listings totaling 164, slightly down from 166 in May. This slight decrease in active listings, coupled with a rise in new listings, suggests that sellers are becoming more active in the market, potentially responding to the current price adjustments. The overall market condition remains favorable for sellers, but the declining prices indicate that buyers may be more cautious in their purchasing decisions.

For Buyers

For buyers, the current market presents an opportunity to negotiate better terms, as the increase in listings provides more options. With prices down 8.9% year-over-year, buyers should consider taking advantage of the current market conditions to secure properties at more favorable prices before potential market corrections occur.

For Sellers

Sellers are advised to remain proactive in pricing their properties competitively, given the current market conditions. With a sales-to-new-listings ratio of 49.5%, it is crucial to ensure that listings are well-prepared and marketed effectively to attract buyers in a market that is beginning to favor sellers.