➕ The Numbers for January are in! ➕
Toronto’s housing market began 2026 on a quieter note, with sales activity continuing to ease as affordability pressures and economic uncertainty keep many buyers on the sidelines. New listings were also lower than this time last year, signalling that some sellers are choosing to wait rather than test the market.
Prices continued to soften in January, reflecting an environment where buyers remain cautious and highly value-driven. Compared to late 2025, momentum slowed further, while available inventory edged higher—creating more choice and negotiating room for those actively in the market.
For buyers, today’s conditions are opening up opportunities that were largely out of reach during the peak years, particularly for those who are well-prepared and patient. For sellers, success continues to hinge on realistic pricing, thoughtful presentation, and a clear understanding of current buyer expectations.
Looking ahead, confidence will 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.
Here’s how average prices in Toronto stacked up by property type in January:
➕Detached $1,541,791 [-2% vs. 2025]
➕Semi-detached $1,146,188 [-1% vs. 2025]
➕Townhouse $876,585 [-7% vs. 2025]
➕Condo $631,932 [0% 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.
Toronto’s housing market began 2026 on a quieter note, with sales activity continuing to ease as affordability pressures and economic uncertainty keep many buyers on the sidelines. New listings were also lower than this time last year, signalling that some sellers are choosing to wait rather than test the market.
Prices continued to soften in January, reflecting an environment where buyers remain cautious and highly value-driven. Compared to late 2025, momentum slowed further, while available inventory edged higher—creating more choice and negotiating room for those actively in the market.
For buyers, today’s conditions are opening up opportunities that were largely out of reach during the peak years, particularly for those who are well-prepared and patient. For sellers, success continues to hinge on realistic pricing, thoughtful presentation, and a clear understanding of current buyer expectations.
Looking ahead, confidence will 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.
Here’s how average prices in Toronto stacked up by property type in January:
➕Detached $1,541,791 [-2% vs. 2025]
➕Semi-detached $1,146,188 [-1% vs. 2025]
➕Townhouse $876,585 [-7% vs. 2025]
➕Condo $631,932 [0% 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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