Welcome to this month’s market update!

Summer is officially here and while many people are focused on vacations and enjoying the warm weather, the GTA real estate market continues to heat up. June delivered another month of positive momentum and a wider selection of homes hitting the market, creating opportunities that we haven’t seen in several years.

Current Market Conditions

The GTA recorded 6,770 home sales in June, that is up from 6,583 in May and 9.4% higher than June 2025. The average selling price came in at $1,058,658, a slight decrease from May’s average of $1,069,700. While prices softened, they’re remaining relatively stable overall and are still 3.9% lower than they were this time last year. That means buyers continue to benefit from improved affordability compared to recent years.

The MLS Home Price Index Composite Benchmark declined 5.4% year-over-year, an improvement from previous months, suggesting that home values are continuing to stabilize.

Homes also continued to sell at a consistent pace, with the average Days on Market holding steady at 42 days for the second month in a row.

Link below for previous Toronto Housing Market Reports

• Toronto Housing Market Report – June 2026
• Toronto Housing Market Report – May 2026
• Toronto Housing Market Report – April 2026
• Toronto Housing Market Report – March 2026

Demand and Interest Rates

One of the biggest factors helping buyer confidence is the continued stability in interest rates. On June 10th, the Bank of Canada announced it would keep its overnight lending rate unchanged at 2.25%. With borrowing costs remaining predictable, many buyers feel more comfortable planning their next move.

We’re also seeing buyers become much more strategic. Instead of rushing into purchases, they’re taking advantage of the increased inventory to compare homes. However, well priced homes in desirable neighbourhoods continue to attract strong interest and can still sell quickly.

Next Bank of Canada Interest Rate Announcement: July 15th, 2026

Supply of Homes

Choice continues to be one of the biggest advantages so far this year! There were 17,282 new listings added to the market in June. That is still 12.9% fewer new listings than June 2025, but the total number of homes available for sale continues to climb.

Active listings reached 27,329, up from 26,927 in May, giving buyers one of the largest selections of homes we’ve seen in years.

For sellers, this means competition is increasing. Buyers have options, so pricing your home correctly from day one, presenting it well and investing in professional marketing are more important than ever.

Have any Questions: Ask us how to maximize your home’s value and showcase it to stand out in today’s market!

Market Outlook

The GTA housing market continues to move in a healthy direction. Sales are steadily increasing; inventory remains strong and stable interest rates are encouraging more buyers to enter the market. While we’re not seeing rapid price growth, we’re seeing something even healthier more balanced market.

For buyers, this remains an excellent time to shop with confidence and take advantage of the wide selection available.

For sellers, standing out from the competition is key! Homes that are priced strategically and marketed effectively continue to generate the strongest results.

Key Takeaways

• Home Sales: 6,583 (May) → 6,770 (June) | +9.4% year-over-year
• Active Listings: 26,927 → 27,329
• New Listings: 17,282 | Down 12.9% year-over-year
• Average Selling Price: $1,069,700 → $1,058,658
• Average Selling Price: Down 3.9% year-over-year
• MLS® HPI Composite Benchmark: Down 5.4% year-over-year
• Days on Market: 42 days (unchanged)
• Bank of Canada Interest Rate: Holding steady at 2.25%