GTA Housing Market Update: June 2026 Stats & Trends
The GTA housing market tightened in June 2026. Home sales rose 9.4% year over year to 6,770 while active listings fell 13.5% to 27,329, pushing months of inventory down to 4.04 from 5.10 a year earlier. The average sale price was $1,058,658 — still 3.9% below last June, but up from January's low of $973,289. Here is what the numbers show, region by region, and what they mean if you are buying or selling in the Greater Toronto Area.
All figures are from TRREB Market Watch, All TRREB Areas, June 2026.
The headline number: 4.04 months of inventory
Months of inventory measures how long it would take to sell every home on the market at the current pace of sales. In the GTA, that figure fell to 4.04 in June 2026, down from 5.10 in June 2025 and from 5.83 in January. A balanced market typically sits between 4 and 6 months, so the GTA has moved from the soft end of balanced toward the firmer end in six months.
Bold takeaway: the GTA is no longer drifting toward a buyer's market. It is tightening.
Two forces are driving the shift:
Demand is up. 6,770 homes sold in June 2026, a 9.4% increase over June 2025 and the strongest June since 2023.
Supply is down. Active listings dropped 13.5% year over year, from 31,585 to 27,329.
The Bank of Canada holding its overnight rate at 2.25% since late 2025 has given buyers the confidence and borrowing power to act, and the sales data now reflects it.
GTA average home price: June 2026
The average GTA sale price in June 2026 was $1,058,658. The year-over-year comparison shows a 3.9% decline, but the monthly trend tells a different story. Prices bottomed at $973,289 in January 2026 and have recovered roughly $85,000 since. The year-over-year figure tells you where the market has been. The month-over-month trend tells you where it is going.
Homes averaged 29 days on market in June, up slightly from 26 a year ago, and sold for 98% of list price on average. Well-priced homes are moving; overpriced ones are sitting.
Home prices by region: Toronto, Mississauga, Oakville, York and Durham
Toronto
Toronto recorded 2,443 sales in June, up 6.1% year over year, while active listings fell 14.4% to 10,047. The average price of $1,081,375 remains 4.7% below last June. Condo activity was a bright spot: 1,124 condo sales, up 14.3%, as buyers responded to condo prices sitting 9% below last year at an average of $665,760.
Mississauga
Mississauga was the steadiest market in the GTA on price. The June average of $1,014,120 was essentially flat year over year (-0.5%) while sales rose 8.2% to 567. At 4.57 months of inventory, Mississauga still offers buyers slightly more room than the GTA average.
Oakville
Oakville was the standout. Sales jumped 16.5% to 297, active listings fell 17.1% — the sharpest supply drop in the region — and the average price rose 1.0% to $1,454,094. The higher end of the GTA market is holding its value.
York Region
York Region posted the biggest activity gain anywhere in the GTA, with sales up 22.2% to 1,289. The average price of $1,169,958 sits 6.0% below last June, and that price adjustment is exactly what is drawing buyers back in.
Durham Region
Durham is the tightest market in the GTA at just 3.11 months of inventory. With an average price of $856,170, it remains the most accessible region for buyers, and competition for well-priced homes is building fastest here.
What this means for sellers
The buyer pool is deeper than it has been in two years, and the supply of competing listings is shrinking. That said, this is not 2021. Homes are averaging 29 days on market and selling at 98% of list, so pricing still has to be sharp. Sellers who price to the current market are seeing competition. Sellers who price to 2022 are sitting.
What this means for buyers
Buyers still have negotiating room and choice, but both are narrowing month by month. Prices have been climbing since January, and inventory has fallen every month since the winter peak. Waiting for further price drops now carries a real cost: the trend has turned. Condo buyers in particular are looking at prices 9% to 11% below last year across the GTA, with sales volumes already rising sharply in response.
Frequently asked questions
Is the GTA a buyer's or seller's market in 2026?
As of June 2026, the GTA is a balanced market at 4.04 months of inventory, but it is tightening toward sellers. Sales are up 9.4% year over year while listings are down 13.5%. Durham Region (3.11 months) and Oakville (4.03 months) are the firmest markets.
Are GTA home prices going up or down in 2026?
Both, depending on how you measure. The June 2026 average of $1,058,658 is 3.9% below June 2025, but prices have risen from a January 2026 low of $973,289. The month-over-month trend has been upward for five months.
What is the average home price in Toronto in June 2026?
The average sale price in the City of Toronto was $1,081,375 in June 2026, with the average condo selling for $665,760.
Which GTA region is most affordable in 2026?
Durham Region, with an average June 2026 sale price of $856,170 and an average condo price of $483,250 — though it is also the tightest market in the GTA at 3.11 months of inventory.
Wondering what these numbers mean for your street or your building? Reach out anytime — it takes me ten minutes to pull the picture for your specific area, and I'm always glad to do it.
