Overview
- February saw 3,868 GTA home sales, down 6.3% year over year, with sales slipping 1% on a seasonally adjusted basis from January.
- The average selling price fell 7.1% from a year earlier to $1,008,968, while the composite benchmark price declined 7.9% year over year.
- New listings dropped to 10,705, a 17.7% annual decline, and total active listings edged down 2.4% to 19,414.
- TRREB reports a large pool of would-be purchasers delaying decisions until prices stabilize, and its CIO estimates more than 100,000 potential buyers are on the sidelines.
- Homes are taking longer to sell, with listing days on market rising to 36 and property days on market to 54, and TRREB suggests a recovery could form in the second half of 2026 if fewer listings heighten buyer competition.