February saw 3,868 home sales, while new listings ↓17.7% to 10,705.
Seasonally adjusted, February sales and new listings ↓ MoM vs January; listings ↓ faster.
Average selling price just over $1M, ↓7.1% from February 2025.
TRREB urges targeted federal and provincial action to boost 'missing middle' home construction.
TRREB cites 100,000+ buyers waiting; momentum could return in second half of this year into 2027.
Sales are up and listings are shrinking. Is now the time to buy a home in Toronto?
Canadian home sales rose 5.5% month-over-month in May, marking the first significant increase this year. In the Greater Toronto Area, sales increased 6.3% year-over-year, while average home prices fell 4.6% to about $1.07 million. Buyers...
