The GTA housing market is showing signs of improvement, but sellers should not confuse improving activity with a return to automatic price growth. The latest Toronto Regional Real Estate Board data points to stronger sales and fewer new listings, while year-over-year price measures remain lower.
What the June 2026 GTA numbers show
TRREB reported 6,770 GTA home sales in June 2026, up 9.4% from June 2025. New listings fell 12.9% year-over-year to 17,282. On a seasonally adjusted basis, sales increased from May while new listings declined, which TRREB described as a tightening of market conditions through the spring.
Prices tell a more balanced story. The MLS Home Price Index composite benchmark was 5.4% below June 2025, while the GTA average selling price of $1,058,658 was 3.9% lower year-over-year. Both measures were slightly higher month-over-month on a seasonally adjusted basis.
What does that mean if you are thinking of selling?
- More buyers are participating: stronger sales activity is encouraging for sellers.
- New competition has declined: fewer new listings can help well-positioned properties stand out.
- Pricing still matters: year-over-year price measures remain below 2025 levels, so an outdated price expectation can reduce showing and offer activity.
- Local conditions matter: North York, Richmond Hill and Markham do not move identically, and neighbourhood and property type can change the picture substantially.
Interest rates are more stable, but uncertainty remains
The Bank of Canada held its policy rate at 2.25% on July 15, 2026. The next scheduled rate announcement is September 2. For sellers, a steadier rate environment can help buyers plan financing, but affordability and economic uncertainty continue to influence purchasing decisions.
North York, Richmond Hill and Markham need separate pricing strategies
A GTA-wide average is useful context, not a pricing recommendation for an individual property. A detached home in Bayview Woods-Steeles, a Richmond Hill house and a Markham townhouse can face different competition and buyer demand. Recent neighbourhood sales and today’s active listings should guide the strategy.
Should you sell this summer?
If selling supports a move, downsizing plan or financial goal, improving activity may create an opportunity. The better question is whether your home’s likely value, current competition and required timeline make sense for you. Trying to predict the exact market peak is rarely a practical selling strategy.
What Is Your Home Worth in Today’s Market?
I can review recent comparable sales and current competition around your property in North York, Richmond Hill or Markham and explain how the latest market conditions may affect your selling strategy.
Market statistics referenced from TRREB’s June 2026 Market Watch and the Bank of Canada’s July 15, 2026 policy announcement. Real estate conditions can change and vary by property and neighbourhood.