The Toronto Regional Real Estate Board (TRREB) reported that 5,404 homes were sold in the Greater Toronto Area in June 2026, a 1.4% increase from June 2025. This marks the fourth consecutive month of year-over-year sales growth. However, new listings declined by nearly 4% year-over-year, with 12,897 properties added to the market.
First-Half Sales Improve
TRREB data shows that sales in the first half of 2026 were higher compared to the same period in 2025. After a slow first quarter, the second quarter saw a marked improvement in home sales, according to TRREB president Daniel Steinfeld. He expects a higher number of purchases in the last six months of the year.
Average Sale Price Down
The average sale price of a home in June was $1,023,950, down year-over-year, but the rate of decline moderated. TRREB chief information officer Jason Mercer noted 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. This would give more households confidence to re-enter the marketplace.
Affordability Concerns
TRREB CEO John DiMichele highlighted that housing affordability remains a top concern for buyers. He pointed out that development charges, while essential for funding local infrastructure, have substantially increased the upfront cost of housing delivery. These charges can amount to up to 20% of a home's purchase price, contributing to higher purchase prices and rental costs.
