The Greater Toronto Area’s housing market continues to navigate headwinds as 2026 unfolds. According to the Toronto Regional Real Estate Board (TRREB), January saw a 19.3% year-over-year drop in home sales, with the average selling price declining by 6.5% to $973,289. New listings also decreased, while active inventory increased, indicating a market that’s tilting further in favor of buyers. An Ipsos survey reveals dampened buyer enthusiasm, with only 22% of GTA households intending to purchase a home this year. TRREB anticipates 60,000 to 70,000 sales for the year, with average prices ranging from $1 million to $1.03 million. Despite improved affordability, economic uncertainty continues to weigh on potential buyers. For a deeper dive into the data and expert insights, read the full article on mpamag.com.
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