Greater Toronto home sales up 9.4% in June as board predicts price growth could come

The Greater Toronto Area continued to see higher home sales last month compared with a year ago even as new listings slowed.

With 6,770 homes in the region changing hands in June, activity was up 9.4 per cent year-over-year, while sales also rose 1.4 per cent from May on a seasonally adjusted basis.

The Toronto Regional Real Estate Board said the average selling price decreased 3.9 per cent year-over-year to $1,058,658, and the composite benchmark price, meant to represent the typical home, was down 5.4 per cent.

TRREB president Daniel Steinfeld said there was a “marked improvement” in activity during the second quarter after a slow start to the year, as conditions continue to tighten.

“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,” said Steinfeld in a news release.

There were 17,282 new listings on the market in June, down 12.9 per cent from last year.

Inventory fell 13.5 per cent as there were 27,329 total active listings in the GTA.

There were 2,443 sales last month in the City of Toronto, a 6.1 per cent increase from June 2025. Across the rest of the GTA, home sales were up 11.3 per cent to 4,327.

All housing types saw increased activity throughout the region last month, led by a 14.3 per cent year-over increase in condo sales.

Detached home sales were up 9.1 per cent while the number of townhouses sold rose 4.3 per cent. Sales of semi-detached homes increased three per cent.

This report by The Canadian Press was first published July 3, 2026.

Sammy Hudes, The Canadian Press