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

Toronto Regional Real Estate Board — June 2026

In June 2026, the Toronto Regional Real Estate Board reports a composite benchmark price of $806,400, reflecting a 6.1% decrease year-over-year. Total sales reached 51, while active listings increased to 316, indicating a shift toward a buyer's market.

Market Analysis

The Toronto real estate market is currently experiencing a notable shift as supply outpaces demand. With a total of 177 new listings in June, the active listings rose to 316, resulting in a months of inventory (MOI) of 6.2. This marks a significant increase from May's MOI of 4.1, suggesting that buyers have more options available, which is contributing to the downward pressure on prices. The sales-to-new-listings ratio (SNLR) stands at 28.8%, indicating that only a small fraction of new listings are being sold, further emphasizing the buyer's market conditions.

Property Type Analysis

While specific benchmark prices and sales data for detached, attached, and apartment properties are not available this month, the overall trend indicates a decline in demand across the board. The lack of sales data suggests that buyers are being more selective, potentially waiting for prices to stabilize or decline further before making purchases.

Regional Highlights

Regionally, the increase in active listings is a critical factor influencing market dynamics. Areas that previously experienced rapid sales are now seeing longer days on market, as buyers take their time to evaluate options. This trend is likely to continue as the market adjusts to the current economic climate and buyer sentiment shifts toward caution.

For Buyers

For prospective buyers, the current market presents an opportunity to negotiate better terms and prices. With an increasing number of listings and a longer inventory period, buyers should conduct thorough research and consider making offers below asking prices, as sellers may be more willing to negotiate in this environment.

For Sellers

Sellers are advised to set realistic expectations regarding pricing and be prepared for longer selling periods. With increased competition from new listings, it is essential to present properties in the best possible condition and consider pricing strategies that reflect current market conditions to attract potential buyers.