GTA Market Report · Vol. 08 / 2026GTA Real Estate Market Watch, August 2026 — Supply Tightens Further Across York Region & TorontoBy Gagan Gill, REALTOR® with Royal Canadian
January 2026 GTA Real Estate Market Update
Dated: February 5 2026
Views: 654
TRREB | Greater Toronto Area (GTA)
January 2026 Real Estate Market Update
Prices softened year-over-year while inventory built and days on market increased—creating a more balanced environment where buyers have more choice and negotiation room, and sellers need sharper pricing and presentation.
Market Snapshot: January 2026
Below are the key market metrics for January 2026 across the GTA (TRREB).
Average Home Price
$973,289
â–¼ 6.5% year-over-year
Total Sales
3,082
â–¼ 19.3% year-over-year
New Listings
10,774
â–¼ 13.3% year-over-year
Active Listings
17,975
â–² 8.1% year-over-year
Avg. Listing Days on Market (LDOM)
45 days
â–² 21.6% year-over-year
Avg. Property Days on Market (PDOM)
67 days
â–² 21.8% year-over-year
Key takeaway: The market is slower, but more rational. Buyers have more options and time, and sellers need precise pricing, strong presentation, and a clear strategy to stand out.
Prices: Where Values Stand
The GTA average home price declined to $973,289 in January 2026 (down from $1,041,171 in January 2025). This reflects a broad-based adjustment across most property types, with softer demand and more inventory giving buyers additional negotiating power.
Sales & Average Price by Home Type
The table below summarizes total sales and average prices by major home type for January 2026.
| Home Type | Total Sales | Average Price | YoY Price Change |
|---|---|---|---|
| Detached | 1,352 | $1,277,915 | -7.4% |
| Semi-Detached | 278 | $945,967 | -9.7% |
| Townhouse | 552 | $819,543 | -9.4% |
| Condo Apartment | 856 | $604,759 | -9.8% |
Inventory & Days on Market
Active listings increased 8.1% year-over-year, while the average time to sell rose to 45 days (LDOM) and 67 days (PDOM). This is a meaningful shift: buyers are no longer forced to make rushed decisions, and sellers must focus on being competitively priced and well-positioned.
Outlook for Early 2026
The next phase of the market will be shaped by interest rate expectations, buyer confidence, and spring inventory. Demand hasn’t disappeared—it has become more cautious and data-driven.
FAQ
Is the GTA housing market crashing in 2026?
No. The data reflects a normalization and price adjustment, not a collapse. Inventory is higher and sales are lower, which typically creates a more balanced market rather than a “crash.”
Is now a good time to buy in Toronto or the GTA?
For long-term buyers, today’s conditions can be favourable because there’s more selection, fewer bidding wars, and more room to negotiate—especially compared to peak seller-market periods.
Should sellers wait until spring 2026?
Timing helps, but strategy matters more. A well-priced and well-presented listing can still perform in any season, while an overpriced home can sit even during spring demand.
Are condos a good investment right now?
Condos are currently the softest segment in this snapshot. Long-term performance depends on location, maintenance fees, and holding strategy. If you’re investing, it’s important to run the numbers carefully.
Gagan Gill
I’m Gagan Gill, a Realtor® with Royal Canadian Realty, helping first-time home buyers, move-up families, and sellers make confident real estate decisions across the Greater Toronto Area&mdas....
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Toronto Real Estate Board (TRREB); All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
