The GTA Housing Market Is Improving—But Buyers Still Hold the Advantage
As we close out the first half of 2026, let’s take a closer look at where the market stands.
The June numbers show a market that is becoming more active, but not yet more expensive.
Sales increased across most property types, particularly condos and 905 detached homes. However, prices remain below June 2025 levels in nearly every category. The key shift is that prices have generally improved since January 2026, suggesting the market may have established an early-year bottom.
This is a recovery in transaction volume, not yet a full price recovery.
Detached Homes
Detached homes are showing the strongest signs of stabilization.
In the 905, sales increased 11% year over year while prices declined only 2.3%. Prices have also risen 5.5% since January. This suggests buyers are returning as affordability improves and sellers become more realistic.
Toronto detached sales were flat, but prices held approximately flat year over year and increased 6.9% since January. Limited supply and the scarcity of detached homes in the city continue to support values.
Semi-Detached Homes
The semi-detached market is more divided.
The 905 recorded an 8% increase in sales, but prices were down 6.7% year over year and only 2.7% above January. More transactions are happening, but buyers still have meaningful negotiating power.
Toronto semis performed better on price. Although sales declined 3.6%, the average price was down only 1% year over year and increased 10.4% from January. This points to strong demand for family-sized homes within the city when the right property reaches the market.
Townhomes
Townhomes show the clearest difference between Toronto and the suburbs.
In the 905, sales increased 4.6%, but prices fell 4.5% year over year and remained flat compared with January. This segment has not experienced the same rebound as detached homes.
Toronto townhomes recorded slightly fewer sales, but prices increased 1.6% year over year and 11.3% since January—the strongest price recovery of any segment measured. Toronto townhomes may be benefiting from buyers who want more space than a condo but cannot afford a detached or semi-detached home.
Condos
Condos recorded the strongest sales growth and the weakest annual price performance.
Sales increased approximately 13.5% in both the 416 and 905, yet average prices remained down 9% in Toronto and 10.5% in the 905.
That tells us lower prices are bringing buyers back into the market. Condos are selling, but sellers generally need to meet current market expectations to complete a transaction.
The improvement from January—2.3% in the 905 and 5.35% in Toronto—is encouraging, but not enough to establish a sustained price recovery yet.
The Bigger Picture
June’s market can be summarized in three points:
Buyer activity is returning. Sales growth, particularly in condos and 905 detached homes, shows improving confidence.
Prices appear to be recovering from early-2026 lows. Most segments are above January levels, especially Toronto low-rise properties.
Buyers still control the market. Year-over-year prices remain negative across almost every segment, meaning increased activity has not yet translated into broad pricing power for sellers.
For buyers, the opportunity is still available, but the deepest part of the correction may be behind us in some segments.
For sellers, pricing remains the strategy. Properties positioned according to current conditions are selling; properties priced according to yesterday’s market are sitting.
For investors, condo sales growth alongside 9%–10.5% annual price declines may be the most important signal. Demand is returning before prices have fully recovered—which is often where the opportunity begins.
What We Expect in the Second Half of 2026 and Beyond
During the second half of 2026, we expect prices in the detached-home segment to continue recovering as buyer confidence improves.
Affordability will remain the primary driver of the market, pushing more buyers toward semi-detached homes and townhomes as alternatives to detached properties.
Condo sales should also continue increasing as first-time buyers return to the market. However, with inventory remaining elevated, we expect condo prices to stay relatively flat in the near term.
Some of the strongest buying opportunities may appear in November 2026, near the end of the fall market. This is when sellers often face a decision: take the property off the market and try again in the spring, or adjust their expectations to complete a sale before year-end. Motivated sellers create opportunities for prepared buyers.
Looking ahead to 2027, we expect to see continued bulk purchases of new-construction condos from developers at significant discounts as builders work through remaining inventory.
Another important development will be the federal foreign-buyer ban, which is currently scheduled to expire on January 1, 2027. Whether the government allows it to expire, extends it or introduces a revised policy could have a meaningful impact on investor demand—particularly in Toronto’s condo and new-construction markets.
If you are interested in taking part in bulk buying opportunities, buying a condo at a discount, need to sell a property or need a new home reach out to me to set up a call:
https://www.remaxwealth.com/p/bookalex
Alex Wilson is the Broker Owner of RE/MAX Wealth Builders Real Estate and one of the top RE/MAX agents in CANADA.
About Alex
Alex is an active real estate investor with a $15M+ portfolio and over 17 years of experience.
🏆 #2 RE/MAX Realtor in Canada for Sold Properties 2024 and 2025 (#1 in 2022)
🌎 Top 20 RE/MAX Realtor Worldwide
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