The Greater Toronto Area (GTA) real estate market continued to strengthen in June, building on the improvement seen through the spring. Sales increased compared to last year, while fewer New Listings entered the market, tightening conditions and likely increasing competition in some neighbourhoods. The broader first-half trend also showed improvement, with Sales edging above the same period in 2025 despite a slow start to the year.
Pricing remained below last year’s levels, but the gap continued to narrow. At the same time, the average selling price edged slightly higher month over month on a seasonally adjusted basis. With Sales strengthening and new supply trending lower, some downward pressure on prices may be easing, and buyers could face more competition in the second half of 2026 if these conditions continue.
Here are the detailed statistics from June:
GTA
Average Sales Price
May 2026 to June 2026: $1,069,700 to $1,058,658 (-1.0%).
June 2025 to June 2026: $1,101,854 to $1,058,658 (-3.9%).
The average GTA selling price declined by 1.0 percent from May to June 2026, showing modest month-over-month softness despite tighter market conditions through the spring. Prices were also 3.9 percent lower than June 2025, although the narrowing year-over-year decline suggests some of the downward pressure on GTA home prices may be easing.
Total Sales
May 2026 to June 2026: 6,583 to 6,770 (+2.8%).
June 2025 to June 2026: 6,191 to 6,770 (+9.4%).
GTA home sales increased by 2.8 percent from May to June 2026, continuing the stronger activity seen through the spring. Sales were also up a notable 9.4 percent compared to June 2025, reinforcing signs that buyer demand is improving as market conditions gradually tighten.
New Listings
May 2026 to June 2026: 17,968 to 17,282 (-3.8%).
June 2025 to June 2026: 19,839 to 17,282 (-12.9%).
Active Listings
May 2026 to June 2026: 26,927 to 27,329 (+1.5%).
June 2025 to June 2026: 31,585 to 27,329 (-13.5%).
New Listings in the GTA declined by 3.8 percent from May to June 2026 and were 12.9 percent lower than June 2025, indicating that fewer properties were entering the market. Active Listings edged up 1.5 percent month-over-month but remained 13.5 percent below last year’s levels, suggesting that overall inventory continues to tighten as buyer activity strengthens.
Toronto
Average Sales Price
May 2026 to June 2026: $1,108,292 to $1,081,375 (-2.4%).
June 2025 to June 2026: $1,132,709 to $1,081,375 (-4.5%).
The average City of Toronto selling price declined by 2.4 percent from May to June 2026, reflecting some month-over-month softness in prices despite stronger Sales activity. Prices were also 4.5 percent lower than in June 2025, continuing to offer greater affordability than last year even as overall market conditions tighten.
Total Sales
May 2026 to June 2026: 2,377 to 2,443 (+2.8%).
June 2025 to June 2026: 2,319 to 2,443 (+5.3%).
City of Toronto home sales increased by 2.8 percent from May to June 2026, continuing the stronger activity seen through the spring market. Sales were also up 5.3 percent compared to June 2025, suggesting that buyer demand continues to improve as market conditions gradually tighten.
New Listings
May 2026 to June 2026: 6,401 to 6,096 (-4.8%).
June 2025 to June 2026: 7,053 to 6,096 (-13.5%).
Active Listings
May 2026 to June 2026: 9,916 to 10,047 (+1.3%).
June 2025 to June 2026: 11,736 to 10,047 (-14.4%).
New Listings declined by approximately 4.8 percent from May to June 2026 and were 13.6 percent lower than June 2025, indicating that fewer properties were entering the market. Active Listings edged up 1.3 percent month-over-month but remained 14.4 percent below last year’s levels, suggesting that overall inventory continues to tighten despite the modest increase from May.
SNLR – Sales to New Listings Ratio (May to June) – The number of Total Sales that occur (supply coming off the market) to New Listings coming on (supply coming onto the market).
GTA: 35.7% to 36.5%
City of Toronto: 36.6% to 37.4%
= Buyer’s Territory
40-60% indicates a balanced market, and under 40% is buyer’s market territory. We’ve been in this range in the GTA since August 2023. Overall, buyers currently have more leverage and opportunities than sellers.
Outlook
The June numbers suggest that the GTA market is gradually moving beyond the slower conditions that defined the beginning of 2026. Buyers still have opportunities in many areas, and average prices remain below last year’s levels, but stronger Sales and declining New Listings are tightening the market. If that trend continues through the second half of the year, competition could increase further, and prices may begin to stabilize, particularly in neighbourhoods where demand is strong and available inventory is limited.
If you’re thinking about entering the market sometime in 2026, it may be best to evaluate your situation now. I can help get you ready!
Thinking of moving to the next stage? Let’s chat. Send me an email (hillary@hillarylane.ca) or text/phone (416-882-4707).
