Greater Toronto resale tightened in Late-Q1 2026 as buyers returned. Sales reached 5,039, ↑1.7% yearly, while lower prices and steady borrowing costs revived demand.
Supply shrank faster than demand improved. New listings ↓16.7% yearly to 14,442, while avg. prices ↓6.7% to ~$1M and the benchmark ↓7.4%.
On a seasonally adjusted basis, sales and listings both edged higher MoM from Mid-Q1, but transactions increased slightly faster than incoming supply.
Detached homes led activity across Greater Toronto. In Toronto, detached avg. prices stayed >$1.6M, while condo apartments logged >2K sales at under $800K.
In the 905 belt, detached homes averaged low-$1.3M. Condo apartments traded at roughly half that, while townhouses and semis filled the missing middle.
Officials said buyers still held strong negotiating power on price, helping explain yearly declines. They added tighter conditions could help prices level off through 2026.
Longer term, supply remained the bigger concern. Officials
Your Trusted Real Estate Agent in Toronto
Looking for expert assistance to buy or sell your property in Toronto? Contact us today to work with a professional real estate agent who knows the market inside and out!
Get in TouchBusiness Contact Details
- Address: 305 Milner Ave Unit # 312, Toronto, ON M1B 3V4, Canada. Get Direction - Google Map
- Contact Name: Sivage Sivagumaran
- Phone: +1 416-553-8902
- Email: sivagehomes@sivage.ca
Visit our website at SivageRealty.ca for the latest property listings and personalized services. Let us help you turn your real estate goals into reality. Your dream property is just a call away!
Disclaimer:
The content provided in this blog is for informational purposes only. We recommend consulting with a qualified professional before making any decisions based on the information provided. If you have any questions or concerns, please don't hesitate to reach out to us. Our contact information is available on the Contact page.
