Greater Toronto Area (GTA) housing market conditions continued to improve in June, with sales growing year-over-year even as new listings declined over the same period, the Toronto Regional Real Estate Board (TRREB) said Friday.
GTA Realtors reported a 9.4% year-over-year jump to 6,770 home sales through TRREB's MLS System in June.
"After a slow start in the first quarter, we saw a marked improvement in home sales in the second quarter of this year. This result followed TRREB's 2026 outlook, which called for a year of two halves. We expect accelerating transactions and more competition between buyers in the last six months of the year, helping to satisfy pent-up demand and ultimately resulting in renewed price growth," said TRREB president Daniel Steinfeld.
The MLS Home Price Index Composite benchmark was down by 5.4% year-over-year in June, and the average selling price down 3.9% to C$1.06 million.
On a seasonally adjusted basis, June home sales were up month-over-month compared to May, while new listings were down, suggesting that market conditions have tightened through the spring, the TRREB statement noted.