GTA home sales rise 9.4% in June as listings drop

Home sales in the Greater Toronto Area rose for a fourth consecutive month in June, signaling a tightening market as new listings declined significantly. The Toronto Regional Real Estate Board reported a 9.4 percent year-over-year increase in sales, with 6,770 homes sold. Concurrently, new listings fell by 12.9 percent to 17,282 properties, indicating a shift where demand is beginning to outpace new supply.

The average selling price in June was $1,058,658, a decrease of 3.9 percent from the same month last year. The composite benchmark price, which tracks a typical home, was $940,800, down 5.4 percent year-over-year. Despite these annual declines, the board's seasonally adjusted Home Price Index showed a slight monthly increase of 0.3 percent in June, marking an end to a prolonged string of monthly drops.

Market analysts attribute the rising sales to a combination of factors, including lower prices, stable interest rates, and improved consumer confidence. These conditions are encouraging buyers who had been waiting on the sidelines to re-enter the market. The sales improvement was particularly notable in the second quarter of 2026, following a slower first quarter.