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Greater Toronto Home Sales, Prices Slide in January with More Weakness Ahead: TRREB
Sales dropped 19.3% and prices fell 6.5% in January as supply increased and buyer intentions declined, with weakness expected through mid-2026, TRREB reported.
- TRREB reported on Feb. 4, 2026 that January GTA home sales fell 19.3% year-over-year, totaling 3,082 transactions with a $973,289 average price and 17,975 active listings.
- With interest rates holding steady, TRREB said homebuying intentions for 2026 fell five percentage points to 22 per cent, and weakness is expected to persist in the first half of 2026.
- Listing times increased to 45 days, and the average detached home price dropped to $1,277,915, while the condominium price declined to $604,759.
- TRREB said households remain cautious about long-term mortgage commitments, and elevated supply could lead to lower prices in the first half of 2026.
- TRREB projects a 2026 average price range of $1 million–$1.03 million and said prices could stabilize later if consumer confidence improves, with condominium prices falling faster than detached.
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Foch: Home prices drop below $1M in T.O. in slowest January since 2009
There has been a lot of talk about a housing rebound in Toronto. Industry forecasts point to stabilization later in 2026. Some expect sales to recover as rates normalize and affordability slowly improves. But January’s data tell a much darker story—one that should concern anyone tied to housing, construction, development or the broader real estate ecosystem. Sales in January fell nearly 20 per cent year over year. That alone would be alarming in…
Coverage Details
Total News Sources28
Leaning Left19Leaning Right2Center4Last UpdatedBias Distribution76% Left
Bias Distribution
- 76% of the sources lean Left
76% Left
L 76%
C 16%
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