GTA Housing Market Conditions Continued to Improve in June, With Sales up 9.4%, Says TRREB
Greater Toronto Area (GTA) housing market conditions continued to improve in June, with sales growing year-over-year even as new listings declined over the same period, the Toronto Regional Real Estate Board (TRREB) said Friday. GTA Realtors reported a 9.4% year-over-year jump to 6,770 home sales through TRREB's MLS System in June. "After a slow start in the first quarter, we saw a marked improvement in home sales in the second quarter of this year. This result followed TRREB's 2026 outlook, which called for a year of two halves. We expect accelerating transactions and more competition between buyers in the last six months of the year, helping to satisfy pent-up demand and ultimately resulting in renewed price growth," said TRREB president Daniel Steinfeld. The MLS Home Price Index Composite benchmark was down by 5.4% year-over-year in June, and the average selling price down 3.9% to C$1.06 million. On a seasonally adjusted basis, June home sales were up month-over-month compared to May, while new listings were down, suggesting that market conditions have tightened through the spring, the TRREB statement noted.
Greater Toronto Area (GTA) housing market conditions continued to improve in June, with sales growing year-over-year even as new listings declined over the same period, the Toronto Regional Real Estate Board (TRREB) said Friday.
GTA Realtors reported a 9.4% year-over-year jump to 6,770 home sales through TRREB's MLS System in June. "After a slow start in the first quarter, we saw a marked improvement in home sales in the second quarter of this year.
This result followed TRREB's 2026 outlook, which called for a year of two halves.
We expect accelerating transactions and more competition between buyers in the last six months of the year, helping to satisfy pent-up demand and ultimately resulting in renewed price growth," said TRREB president Daniel Steinfeld.
The MLS Home Price Index Composite benchmark was down by 5.4% year-over-year in June, and the average selling price down 3.9% to C$1.06 million.
On a seasonally adjusted basis, June home sales were up month-over-month compared to May, while new listings were down, suggesting that market conditions have tightened through the spring, the TRREB statement noted.