Home sales were up 9.4% compared to June 2025, while new listings fell 12.9%. That combination is important: more sales and fewer new listings suggest the market is beginning to tighten, and competition among buyers may increase.
Prices remain below last year’s levels, with the average GTA selling price at $1,058,658 — down 3.9% year-over-year. However, prices edged up slightly from May, and the pace of year-over-year decline has been easing.
The bigger picture? After a slow first quarter, the market gained momentum in the spring. If this trend continues, the second half of 2026 could bring stronger buyer activity, increased competition, and greater stability in home prices.
My take: This isn’t a market that has suddenly turned — but it is clearly showing signs of change. As always, real estate is local, and the right strategy depends on the neighbourhood, property, and your own plans.
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