Toronto Regional Real Estate Board Reports June 2026 Market Trends: Prices Decline Amid Increased Listings

Toronto Regional Real Estate Board — June 2026

In June 2026, the Toronto Regional Real Estate Board reports a composite benchmark price of $994,800, reflecting a 6.3% decrease year-over-year. Total sales reached 53, with new listings at 119, contributing to a market condition favoring sellers.

Market Analysis

The Toronto real estate market in June 2026 shows signs of a cooling trend, with a composite benchmark price of $994,800, down from $1,004,300 in May. The total sales decreased to 53 from 58 in the previous month, indicating a slight decline in buyer activity. The increase in new listings to 119, coupled with active listings totaling 167, has resulted in a months of inventory figure of 3.2, suggesting that the supply of homes is beginning to outpace demand, which is characteristic of a seller's market despite the price drop.

Property Type Analysis

While specific benchmarks and sales figures for detached, attached, and apartment properties are not available, the overall market dynamics suggest that all property types may be experiencing similar pressures. The decline in average price to $1,333,884 indicates that buyers are becoming more selective, likely impacting sales across various segments of the market as inventory levels rise.

Regional Highlights

Regionally, the Toronto market continues to face challenges with affordability, as the average price remains high despite the overall decline. The increase in active listings points to a potential shift in buyer sentiment, as more options become available. This trend may encourage prospective buyers to enter the market, taking advantage of the current conditions.

For Buyers

For buyers, this may be an opportune time to enter the market, given the increased inventory and declining prices. It is advisable to conduct thorough research and consider various property types, as the current market conditions may provide leverage in negotiations.

For Sellers

Sellers should remain aware of the shifting dynamics and the recent decline in prices. It is crucial to price properties competitively and be prepared for potential negotiations, as the increase in inventory may lead to longer selling times.