February 2026 Toronto Regional Real Estate Board (TRREB) market data shows 3,868 homes sold, representing a 6.3% decrease compared to February 2025.

10,705 new listings came onto the market across the Greater Toronto Area (GTA), which is 17.7% fewer listings year-over-year.

The average home price in the GTA was $1,008,968, reflecting a 7.1% decrease compared to the same time last year.

Average days on market increased to 36 days, indicating buyers are taking more time before making purchasing decisions.

Inventory levels reached approximately 5 months, creating a buyer’s market across many Toronto and GTA communities.

Fewer new listings suggest some homeowners are waiting for stronger market conditions before selling.

If buyer demand begins to outpace new listings, competition could increase again, potentially putting upward pressure on home prices.

Industry experts note there is significant pent-up demand in the GTA housing market, with more than 100,000 potential buyers currently waiting on the sidelines.

Many buyers are waiting for stable home prices and clearer economic conditions before entering the market.