GTA Real Estate Market Report – February 2026
More Choice, More Negotiation, Less Urgency
January gave us an early signal for the year ahead. The market’s moving, but confidence is still catching up.
TRREB reported 3,082 GTA home sales, down 19.3% year over year. New listings also eased to 10,774 (down 13.3%), but active listings climbed to 17,975 (up 8.1%). So, buyers still have lots to choose from, and they’re taking full advantage of it.
The average selling price was $973,289, down 6.5%, and it slipped under $1 million for the first time since January 2021. That alone will get some buyers back into the conversation.
Average days on market rose 21.6% to 45 days, which tracks with what many of us are seeing. Buyers are moving cautiously, and the homes that feel priced right are the ones getting traction.
Across segments, detached homes averaged $1,277,915 (down 7.4%), and condos averaged $604,759 (down 9.8%). Condos are still the softer segment overall, but entry-level homes that are priced well can still pull serious interest.
