The GTA housing market kicked off 2026 with quieter activity, as buyer caution continued into the new year. January saw 3,082 home sales, down 19.3% year-over-year, while new listings totaled 10,774, a 13.3% decline compared to January 2025. 📉🏘️
Home values continued to adjust. The MLS® Home Price Index Composite benchmark was down 8.0% year-over-year, while the average selling price came in at $973,289, a 6.5% decrease from last January. 💼🔍
On a month-over-month basis, sales dipped compared to December 2025, while new listings edged up slightly. Both benchmark and average prices trended lower, reflecting a market still finding its footing early in the year. 📈📉
Market Update Alert! 🏡📊
