The Greater Toronto Area housing market is showing clear signs of a mid-year turnaround. According to the latest data from the Toronto Regional Real Estate Board (TRREB), June saw a 9.4% year-over-year jump in home sales, reaching 6,770 transactions. This surge occurred alongside a 12.9% drop in new listings, creating a tighter, more competitive environment for buyers.
While the benchmark price currently sits at $940,800—a 5.39% decline from June 2025—the narrative is shifting. Seasonally adjusted figures show prices edging upward compared to May, with industry experts suggesting that the worst of the price slide may be behind us. While the condo sector continues to face headwinds with an 8.2% annual price drop, many buyers are choosing to move off the sidelines, signaling a transition toward a more balanced market. For a deeper dive into these regional trends and expert forecasts, read the full report at the Financial Post.
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