The Toronto Regional Real Estate Board (TRREB) reported 6,770 homes changed hands through its MLS system in June, up 9.4 per cent year over year. The market continued to tighten, with new listings falling 12.9 per cent to 17,282.

The benchmark home price was $940,800, down 5.39 per cent from June 2025.

“After a slow start in the first quarter, we saw a marked improvement in home sales in the second quarter of this year,” said TRREB president Daniel Steinfeld. “We expect accelerating transactions and more competition between buyers in the last six months of the year, helping to satisfy pent-up demand and ultimately resulting in renewed price growth.”

Still, price declines were more widespread across the GTA in June. The city of Toronto’s composite benchmark home price came in at $934,000, down 4.3 per cent from a year earlier, while York Region’s decline was steeper at 7.3 per cent ($1,101,200) over the same period.

Condominiums continued to underperform, with prices dropping 8.2 per cent year over year across the region and more than 10 per cent in some municipalities, including Richmond Hill and Markham.

TRREB’s chief information officer Jason Mercer said the pace of annual price declines has eased over recent months.

“If market conditions continue to tighten in the second half of 2026, selling prices could move in line with 2025 and eventually post some increases,” he said.

More to come…

• Email: shcampbell@postmedia.com