Toronto Sales Rise After Six Months

Greater Toronto resale tightened in Late-Q1 2026 as buyers returned. Sales reached 5,039, ↑1.7% yearly, while lower prices and steady borrowing costs revived demand.
Supply shrank faster than demand improved. New listings ↓16.7% yearly to 14,442, while avg. prices ↓6.7% to ~$1M and the benchmark ↓7.4%.
On a seasonally adjusted basis, sales and listings both edged higher MoM from Mid-Q1, but transactions increased slightly faster than incoming supply.
Detached homes led activity across Greater Toronto. In Toronto, detached avg. prices stayed >$1.6M, while condo apartments logged >2K sales at under $800K.
In the 905 belt, detached homes averaged low-$1.3M. Condo apartments traded at roughly half that, while townhouses and semis filled the missing middle.
Officials said buyers still held strong negotiating power on price, helping explain yearly declines. They added tighter conditions could help prices level off through 2026.
Longer term, supply remained the bigger concern. Officials