There were 3,082 home sales reported in January 2026 – down by 19.3 per cent compared to January 2025. New listings entered into the MLS® System amounted to 10,774 – down by 13.3 per cent year-over-year.

The average selling price, at $973,289, was down by 6.5 per cent compared to January 2025.

On the condo side, this was the slowest January we’ve seen since the financial crisis nearly two decades ago.  Condo sales were down 26% compared to the same time last year. Months of inventory climbed to eight months in January, the highest level we’ve ever recorded. Listings are piling up faster than buyers are purchasing them. When inventory rises that high, prices typically trend lower. The average condo price in January was down roughly 10% from last year.

The 2026 TRREB Market Outlook and 2025 Year in Review Report is now available. The report covers all aspects of the GTA real estate market, including trends for new homes and condominiums, as well as a review of the commercial real estate market.

What's next?

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