August 2026 Market UpdateIn August 2026, GTA new listings fell 14%, while sales remained fairly steady, down just 2%.With fewer homes available, competition could increase and put upward pressure on
June 2026 Market Update
Dated: July 8 2026
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June 2026 Market Update
🏡 Here’s your market update for June 2026!
In June 2026, the market continued its upward momentum, with sales nearly 10% higher than a year ago and new listings down almost 13%. With more sales and fewer homes coming to market, the market is tightening.
This aligns with the Toronto Regional Real Estate Board’s 2026 outlook, which forecasted a “year of two halves,” with a slower spring followed by stronger market activity in the fall.
The reason you may be hearing mixed messages is that the numbers tell different stories depending on how you look at them.
Although the average selling price remains lower than it was in June 2025, prices have been trending upward month over month, and it isn’t uniform across all market segments.
So, at the moment, saying the market is down and saying the market is up could both be true.
The market for the low-rise segment, like townhomes and detached houses, is a far more competitive landscape than high-rise condos, and the good deals sell fast.
For example, we just sold a home in Mississauga’s Churchill Meadows in two weeks, where the average time on the market is almost twice that.
Our seller was happy with the price — they purchased decades ago, and aren’t subject to the short term swings.
Competition is expected to continue increasing as more people come to terms with the changes taking place around the world.
Moving forward, housing affordability remains a priority for policymakers. The next area of focus is development charges, which can add as much as 20% to the price of a new home.
The new Development Charge Reduction Program could be a positive step toward lowering the cost of new housing and making homeownership more attainable for everyday people.
Here's what happened last month in the GTA:
• Greater Toronto Area REALTORS reported 6,770 home sales in the GTA; an increase of 9.4% compared to June 2025.
• There were 17,282 new listings in the GTA; a decrease of 12.9% compared to June 2025.
• The average selling price for all home types reportedly decreased by 3.9% compared to June 2025.
• The average condominium apartment price decreased by 9.5% compared to June 2025.
NEXT MONTH, WE’LL SEE IF WE JULY CONTINUES THIS UNUSUALLY ACTIVE SUMMER MARKET. IF OUR SCHEDULE IS ANY INDICATOR, IT’LL BE A HOT ONE!
Zubin Abuwalla
Zubin is an award-winning ReMax Realtor® with an impeccable track record of sales and customer service, having established himself as a Real Estate Agent that walks the walk, also being a passionate ....
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Toronto Real Estate Board (TRREB); All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating