Market Insights | June 2026
June reflected continued tightening in the Toronto housing market, with sales strengthening year-over-year as new listings declined.
Year-over-year, home sales increased by 9.4% while new listings declined by 12.9%, signalling continued tightening in market conditions. Inventory levels continued to be absorbed as buyer activity strengthened, leading to increased competition in many neighbourhoods.
The average selling price was $1,058,658 in June, down 3.9% year-over-year. However, both the average selling price and the MLS® Home Price Index edged higher compared to May, suggesting prices may be beginning to stabilize as market conditions tighten.
With sales gaining momentum and inventory continuing to tighten, TRREB expects buyer competition to increase through the second half of the year, helping to satisfy pent-up demand and support renewed price growth.
