GTA Housing Market June 2026: Sales Climb While Listings Tighten

Market Insight Dave Dubbin July 9, 2026

The June 2026 TRREB market update points to a market shifting gears. Sales are rising quickly, inventory is thinning, and while prices still sit modestly below last year, the annual decline is fading fast. For anyone weighing a move in Etobicoke or Toronto, the second half of 2026 is shaping up differently from the slow start we saw in the first quarter.

Sales Jumped, and Not Just for the Season

Demand was the story in June. GTA REALTORS reported 6,770 home sales, up 9.4 per cent from June 2025, which was the strongest monthly sales figure in nearly two years. New listings moved the other way, falling 12.9 per cent to 17,282. Active listings dropped 13.5 per cent to 27,329, so buyers had noticeably less to choose from than they did last summer.

What makes this more than a seasonal bump is the seasonally adjusted picture. On that basis, June sales rose month-over-month while new listings fell, which tells us conditions genuinely tightened through the spring rather than simply following the usual calendar pattern. The first half of 2026 also came in ahead of the first six months of 2025 on sales, with new listings down substantially over the same stretch.

TRREB President Daniel Steinfeld described 2026 as "a year of two halves," noting the board expects accelerating transactions and more competition among buyers over the back half of the year as pent-up demand works its way into the market.

Prices Are Down Year-Over-Year, but the Gap Is Closing

Here is the nuance that matters for both sides of a deal. The average selling price came in at $1,058,658, down 3.9 per cent from June 2025. The MLS Home Price Index benchmark, which tracks the value of a typical home rather than the mix of what sold, sat at $940,800, off 5.4 per cent year-over-year and down just 0.6 per cent from May.

The trend underneath those annual figures is the real signal. On a month-over-month seasonally adjusted basis, both the average price and the HPI ticked up compared to May. TRREB also pointed out that the annual rate of price decline has been receding over recent months. Translation: prices have largely stopped falling and are beginning to firm. Chief Information Officer Jason Mercer suggested that if conditions keep tightening through the second half, selling prices could move back in line with 2025 levels and eventually post increases.

The Picture by Home Type

The recovery is not spread evenly across property types. Here is how the major segments looked across all TRREB areas in June:

Detached homes stayed the anchor of the market, with 3,256 sales at an average of $1.36 million. Inside the City of Toronto, detached averaged $1.65 million with a median of $1.4 million, a reminder of how far core pricing sits above the regional norm.
Semi-detached homes averaged roughly $1.04 million, down about 4.7 per cent year-over-year.
Freehold townhouses averaged around $912,000, off about 5.5 per cent from a year earlier.
Condo apartments remained the accessible entry point, with 1,714 sales at an average of $630,688 and about 38 days on market. Within Toronto, condos recorded 1,124 sales at an average of $665,760.

The condo segment continues to give first-time buyers and investors the widest runway on price, sitting well below the overall GTA average.

If you are trying to figure out which of these segments fits your goals and budget, that is a quick conversation worth having. Book a call and we will talk specifics.

Where the Action Was Across the Region

Outside the City of Toronto, Peel and York regions drove much of the suburban activity. Mississauga led Peel with 592 sales at an average of about $1.19 million. Brampton followed with 518 sales, but at an average near $966,000 it stayed below both Mississauga and the GTA-wide figure, keeping its role as a more attainable move-up option. In York Region, Vaughan posted 524 sales at roughly $1.33 million, while Markham added 398 sales at about $1.24 million.

The takeaway from the regional numbers is consistency. Buyer demand strengthened across a range of price points, from Brampton's sub-million entry market up through York Region's premium communities.

A Market Tilting Toward Balance and Beyond

One of the clearest measures of where things are headed is the sales to new listings ratio, which climbed to about 39.2 per cent in June. That was up from 37.2 per cent in May and well above the 31.2 per cent recorded a year earlier. The region held around four months of supply, which keeps the GTA in balanced-market territory for now, though the direction of travel is toward a tighter market.

Affordability stayed front and centre in TRREB's commentary. CEO John DiMichele highlighted that development charges can add up to 20 per cent to a home's purchase price, and he pointed to the Canada-Ontario DC Reduction Program as a meaningful path to bringing those costs down. That policy conversation gained momentum in late June when the Ontario government committed $1.5 billion to help the City of Toronto reduce development charges, a move that could ease upward pressure on new-build pricing over time.

What This Means for Etobicoke and Toronto

For sellers, thinning inventory is quietly working in your favour. With fewer competing listings on the market, a well-priced and well-presented home is drawing stronger and more qualified interest than it would have a year ago. For buyers, there is still negotiating room and reasonable time to make an informed decision, but that window narrows if the second-half tightening TRREB is forecasting takes hold. Pricing correctly and moving with a clear plan carries more weight now than it did during the sluggish first quarter.

The bigger point is that this is not a runaway market. It is a recovering one. Sales are leading, prices are stabilizing, and supply is slowly drawing down. Whether you are buying, selling, or simply timing your next move, the smart approach is to act on data specific to your neighbourhood rather than the GTA-wide averages, which can mask what is actually happening on your street.