The Greater Toronto Area’s housing market is showing continued signs of cooling, with the Toronto Regional Real Estate Board (TRREB) reporting a 19.3% drop in January home sales compared to last year. The average selling price dipped 6.5% to $973,289, a level not seen since January 2021. Increased active listings and longer days on market suggest further price weakness in the first half of 2026. Uncertainty surrounding the US trade relationship and recent population declines in Ontario add to the market’s challenges. Despite the overall downturn, some areas, particularly the Toronto core’s first-time buyer segment, are seeing renewed interest and multiple offers. For a deeper dive into the GTA’s evolving real estate landscape, read the full article on BNNBloomberg.ca.
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