The Greater Toronto Area (GTA) saw a rise in year-over-year home sales in June, marking the fourth consecutive month of growth. The Toronto Regional Real Estate Board (TRREB) reported that sales in the first half of the year were higher compared to the same period in 2025.
New listings, however, declined significantly in 2026, with a nearly 4% drop year-over-year. The TRREB data showed that 12,897 homes were listed for sale in June, a decrease from the same time last year.
The average sale price of a home in the GTA was down year-over-year in June, but at a slower rate. The TRREB reported an average sale price of $1,023,950, a decrease from the same month in 2025.
Despite the decline in average sale price, TRREB's chief information officer Jason Mercer expressed optimism about the market's future. He stated that 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.
TRREB CEO John DiMichele highlighted the issue of housing affordability, citing development charges as a contributing factor to higher purchase prices and rental costs. He noted that these charges can amount to up to 20% of a home's purchase price.
