June 2026
The Greater Toronto Area housing market continued to gain momentum in June 2026, as rising home sales and a decline in new listings pointed to strengthening demand and tightening market conditions.
According to the latest data from TRREB’s MLS® System, GTA REALTORS® reported 6,770 home sales in June 2026, representing a 9.4 per cent increase compared to June 2025. At the same time, new listings fell to 17,282, marking a 12.9 per cent decline year-over-year. This combination of stronger buyer activity and reduced inventory suggests that the market has continued to tighten throughout the spring.
The positive trend extends beyond June alone. During the first half of 2026, home sales edged higher than the same period in 2025, while the number of new listings declined significantly. As available inventory continues to be absorbed, buyers are facing increased competition in many GTA neighbourhoods, creating a more balanced market than earlier in the year.
Seasonally adjusted data further supports this shift, with home sales increasing month-over-month in June while new listings continued to decline. These trends indicate that demand is steadily outpacing new supply, reinforcing the market's improving fundamentals.
Although home prices remain below last year's levels, signs of stabilization are becoming increasingly evident. The MLS® Home Price Index (MLS® HPI) Composite benchmark was down 5.4 per cent compared to June 2025, while the average selling price reached $1,058,658, a 3.9 per cent year-over-year decrease. However, on a seasonally adjusted basis, both the average selling price and the MLS® HPI Composite posted modest gains compared to May 2026.
Overall, the June data suggests the GTA housing market is continuing its gradual recovery. With demand strengthening, inventory tightening, and prices beginning to stabilize, market conditions are becoming increasingly favourable for sellers while buyers may face greater competition as the year progresses.
Sources & Notes
i - Statistics Canada, Quarter-over-quarter growth, annualized.
ii - Statistics Canada, Year-over-year growth for the most recently reported month.
iii - Bank of Canada, Rate from most recent Bank of Canada announcement.
iv - Bank of Canada, Rates for most recently completed month.
v - Information supplied by TRREB
