The GTA housing market continued to adjust in February 2026, with sales and listings both trending lower compared to last year. REALTORS® reported 3,868 home sales through TRREB’s MLS® System, down 6.3% year over year, while new listings came in at 10,705, a sharper 17.7% decline compared to February 2025. 📉🏘️
Home values also saw year over year adjustments. The MLS® Home Price Index Composite benchmark was down 7.9%, while the average selling price came in at $1,008,968, a 7.1% decrease compared to last February. 💼🔍
On a month over month basis, both sales and new listings were down compared to January, with listings declining at a greater rate. Benchmark and average prices also edged lower as the market continues to find balance. 📊
Market Update Alert! 🏡📊
