The Greater Toronto Area housing market is starting 2026 with a shift in power towards buyers. According to a recent RBC Economics analysis, January saw a decrease in sales coupled with a rise in new listings, leading to a continued downward trend in prices. The GTA experienced a 9.9% seasonally adjusted drop in sales from December, marking the fourth consecutive month of decline. Meanwhile, new listings saw a slight increase of 1.1%, adding to the growing inventory. The MLS Composite Home Price Index for the GTA fell 8% year-over-year, the steepest drop in three years and the 22nd consecutive decline. This trend reflects a broader Canadian market dynamic, with increased buyer caution amid elevated inventory levels. For a deeper dive into the national perspective and expert analysis, read the full article on mpamag.com.
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