Overview
- January recorded 3,082 home sales in the Greater Toronto Area, a 19.3% year-over-year drop, as the average selling price fell to $973,289.
- Active listings rose 8.1% to 17,975, and the MLS Home Price Index declined 8% year over year and 1.7% month over month to $941,200.
- TRREB’s 2026 outlook forecasts 60,000 to 70,000 sales and an average price between $1.00 million and $1.03 million, contingent on improved confidence later in the year.
- Condominiums remain the weakest segment, with sharper sales and price declines, particularly in the 905 suburbs, where condo sales fell by about 30% year over year.
- Illustrating the reset, a North York house sold last month for about $2.74 million, roughly $211,000 below its 2016 sale price, as buyers retain negotiating power.