Home sales in the Greater Toronto Area (GTA) rose 9.4% year-over-year in June, with 6,770 properties changing hands.This marks a 1.4% increase from May on a seasonally adjusted basis.However, new listings slowed to 17,282, a 12.9% drop from 2025.The average selling price fell 3.9% to $1,058,658, while the composite benchmark price dropped 5.4%.

The Toronto Regional Real Estate Board (TRREB) noted improved activity in Q2 after a slow start, with president Daniel Steinfeld predicting increased buyer competition in the second half could drive prices higher.Inventory declined 13.5% to 27,329 active listings.While sales growth continues, affordability concerns persist as prices remain elevated.

The board’s forecast suggests market dynamics may shift with more buyers entering the market, though current data shows a cooling trend in new listings.