Despite a slight uptick in sales activity, the Greater Toronto Area housing market is struggling to find its footing. Fresh data from the Toronto Regional Real Estate Board (TRREB) reveals that the typical home price dipped 0.6% in June to $940,800—a figure 26.5% below the market’s peak. While sales volume rose 8.4% year-over-year, the market remains historically weak, failing to reach even the levels seen in the quiet June of 2019.
Inventory remains a defining feature of this cycle. Although new listings slowed, the sales-to-new-listings ratio sits at 36.5%, keeping the region firmly in buyer’s market territory. With active listings still among the highest seen in three decades, the anticipated summer momentum is proving to be a slow climb rather than a rebound. For a deeper dive into the specific regional breakdown and what these shifting trends mean for your portfolio, read the full report at Better Dwelling.
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