Toronto’s housing market remained measured in February, with prices easing across most property types and buyers continuing to take a cautious approach. While activity improved slightly from January’s slower start to the year, overall momentum remains softer than last year.
Prices softened again in February, reflecting a market where buyers remain selective and highly value-driven. Most home types saw modest year-over-year adjustments, particularly in the detached and condo segments.
New listings also declined compared to February 2025, while active inventory edged slightly lower. With fewer homes coming to market and buyers moving carefully, the market continues to progress at a more deliberate pace. With new listings declining more sharply than sales, the gap between supply and demand may be narrowing slightly.
For buyers, today’s conditions continue to create opportunities that were difficult to find during the peak market years—especially for those who are well-prepared and patient.
For sellers, success remains closely tied to realistic pricing, thoughtful presentation, and understanding current buyer expectations.
Looking ahead, confidence will likely be shaped by interest-rate expectations and broader economic conditions. Until clearer signals emerge, Toronto remains a market where strategy, preparation, and expert guidance matter more than ever.
Average Toronto home prices by property type in February:
➕Detached $1,568,543 [-12% vs. 2025]
➕Semi-detached $1,229,853 [-4% vs. 2025]
➕Townhouse $980,175 [-5% vs. 2025]
➕Condo $663,984 [-8% vs. 2025]
If you’re thinking about making a move this year, let’s talk strategy.
••••••
Data presented is for the City of Toronto only. Source: TRREB.
Prices softened again in February, reflecting a market where buyers remain selective and highly value-driven. Most home types saw modest year-over-year adjustments, particularly in the detached and condo segments.
New listings also declined compared to February 2025, while active inventory edged slightly lower. With fewer homes coming to market and buyers moving carefully, the market continues to progress at a more deliberate pace. With new listings declining more sharply than sales, the gap between supply and demand may be narrowing slightly.
For buyers, today’s conditions continue to create opportunities that were difficult to find during the peak market years—especially for those who are well-prepared and patient.
For sellers, success remains closely tied to realistic pricing, thoughtful presentation, and understanding current buyer expectations.
Looking ahead, confidence will likely be shaped by interest-rate expectations and broader economic conditions. Until clearer signals emerge, Toronto remains a market where strategy, preparation, and expert guidance matter more than ever.
Average Toronto home prices by property type in February:
➕Detached $1,568,543 [-12% vs. 2025]
➕Semi-detached $1,229,853 [-4% vs. 2025]
➕Townhouse $980,175 [-5% vs. 2025]
➕Condo $663,984 [-8% vs. 2025]
If you’re thinking about making a move this year, let’s talk strategy.
••••••
Data presented is for the City of Toronto only. Source: TRREB.
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