The average home price in the GTA fell below $1 million in January 2026, dropping 6.5% year-over-year to $973,289, with sales declining sharply to 3,082. Elevated supply is expected to keep prices stable, with 60,000-70,000 sales forecasted for 2026. First-time buyers may drive recovery, though renters face a $600 monthly affordability gap. Economic clarity could boost demand later in the year.
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.
