TRREB Market Watch June

The latest TRREB Market Watch June report shows the Greater Toronto Area housing market continuing to strengthen. Sales increased significantly compared to last year, while both new and active listings declined. Although average home prices remain below 2025 levels, the combination of rising demand and lower inventory suggests the market is becoming more competitive.

Buyers continue to benefit from improved affordability compared to previous years, while sellers are seeing less competition from other listings. As supply tightens, well-priced homes are attracting increased attention across the GTA.

Home Sales Continue to Climb Across the GTA

The biggest highlight from the TRREB Market Watch June report is the continued growth in home sales.

• 6,770 homes sold, up 9.4% year over year
• Sales increased by 579 transactions compared to June 2025
• Buyer confidence continues to improve despite ongoing economic uncertainty

More buyers are returning to the market as borrowing conditions stabilize and confidence gradually improves.

With demand increasing while inventory declines, many neighbourhoods are beginning to experience stronger competition, especially for homes that are priced correctly.

Inventory Continues to Tighten

One of the strongest trends this month is the continued decline in available housing supply.

• 17,282 new listings, down 12.9% year over year
• 27,329 active listings, down 13.5% year over year

Fewer homeowners are listing their properties compared to last year.

When inventory falls while buyer demand rises, market conditions gradually become more favourable for sellers. Buyers still have choices available, but selection is becoming more limited than it was only a year ago.

This trend could place upward pressure on prices if demand continues to strengthen during the coming months.

Home Prices Remain More Affordable Than Last Year

The latest TRREB Market Watch June data shows prices remain below June 2025 levels.

• Average GTA home price: $1,058,658
• Median home price: $890,000
• Average price down 3.9% year over year

While prices have softened compared to last year, they remain relatively stable considering improving buyer activity.

For buyers, this creates an opportunity to purchase before stronger competition potentially returns.

For sellers, reduced inventory is helping offset lower pricing by attracting more qualified buyers.

Homes Are Taking Slightly Longer to Sell

Marketing timelines remain healthy despite increasing buyer activity.

• Average Days on Market (LDOM): 29 days
• Average Property Days on Market (PDOM): 42 days
• Average LDOM increased 11.5%
• Average PDOM remained unchanged year over year

Homes are still selling within a reasonable timeframe, but buyers continue to have enough time to make informed decisions.

Well-presented homes that are priced competitively continue to generate strong interest.

York Region Continues to Lead Premium Markets

York Region remains one of the GTA’s strongest real estate markets, with high average selling prices across many communities.

June 2026 highlights include:

• York Region: 1,289 sales with an average price of $1,169,958
• Richmond Hill: $1,241,949 average price
• Vaughan: $1,185,018 average price
• Markham: $1,136,454 average price
• Aurora: $1,239,892 average price
• King: $2,253,469 average price
• Newmarket: $1,018,511 average price
• Stouffville: $1,329,155 average price

York Region continues to attract buyers looking for larger homes, family-friendly communities, excellent schools, and long-term investment potential.

Toronto also remained highly active with 2,443 sales, while the average home price reached $1,081,375.

What This Means for Buyers

The TRREB Market Watch June report continues to present opportunities for buyers.

• Home prices remain below last year’s levels.
• Buyers still have negotiating power in many markets.
• Mortgage conditions continue to improve.
• Inventory remains higher than during the peak seller’s market years.

However, declining inventory means buyers may face stronger competition if they wait too long.

What This Means for Sellers

Market conditions continue shifting in favour of sellers.

• Buyer demand is increasing.
• Sales are rising steadily.
• New listings continue to decline.
• Competition from other sellers is shrinking.

Homes that are priced appropriately and professionally marketed are well positioned to attract motivated buyers.

As inventory continues to tighten, sellers may benefit from stronger negotiating positions later this year.

The Market Is Becoming More Balanced

The latest TRREB Market Watch June report shows a housing market steadily moving toward balance.

Buyer confidence continues to improve, inventory is becoming tighter, and sales are increasing. While prices remain below last year’s levels, the market is showing greater stability than it has over the past two years.

Whether you’re buying your first home, upgrading, downsizing, or investing, understanding today’s market conditions can help you make better real estate decisions.

Thinking About Buying or Selling?

The Daryl King Team helps buyers, sellers, and investors confidently navigate changing market conditions across the GTA.

Whether you’re planning your next move or simply want to understand your home’s value, our experienced team is here to help.

• Speak with our team about your buying or selling goals.
• Stay informed with our latest GTA market updates.

The right strategy today can help you make the most of tomorrow’s opportunities.