The Toronto housing market continued to strengthen in June, with home sales increasing significantly compared to the same time last year while the number of new listings declined. The latest figures suggest the market is becoming more competitive as available inventory tightens.
The first half of 2026 has also shown positive momentum, with overall home sales edging higher than the first six months of 2025 despite a substantial decline in new listings.
“After a slow start in the first quarter, we saw a marked improvement in home sales in the second quarter of this year.” said TRREB President Daniel Steinfeld.
According to the Toronto Regional Real Estate Board, there was a reported 6,770 home sales in June 2026, representing a 9.4% increase compared to June 2025. During the same period, 17,282 new homes were listed, a 12.9% decrease year-over-year.
Although home prices remain below last year's levels, the pace of decline has continued to slow.
“While the average selling price was still down year-over-year in June, the annual rate of decline has receded over the past few months. If market conditions continue to tighten in the second half of 2026, selling prices could move in line with 2025 and eventually post some increases. This would give an increasing number of households the confidence to move back into the marketplace,” said TRREB’s Chief Information Officer Jason Mercer.
Overall, June's housing data points to a healthier and more balanced market heading into the second half of 2026. With sales climbing, inventory shrinking, and prices beginning to stabilize, buyers and sellers alike may see increased activity as confidence continues to return to the GTA housing market.