Toronto’s real estate market is showing signs of improvement as summer begins. Home sales are increasing while new listings are declining, creating a more balanced market.
According to recent market data, GTA home sales were up compared to last year, while the number of new listings fell significantly. As inventory levels tighten, competition is increasing in many neighbourhoods.
The average home price remains below 2025 levels, but prices appear to be stabilizing. Detached homes in established neighbourhoods continue to attract strong buyer interest.
The condominium market remains more competitive, with higher inventory levels and continued pressure on prices.
Lower borrowing costs have helped improve affordability and encouraged more buyers to enter the market. If current trends continue, further market improvement is expected through the remainder of 2026.
What This Means
For Buyers: More choice remains available, but opportunities may become more limited as inventory declines.
For Sellers: Proper pricing and presentation remain essential. Well-maintained homes continue to attract strong interest.
Overall, the Toronto housing market is moving toward a more balanced environment, with improving sales activity and growing consumer confidence.
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