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.
Toronto Buyers Enjoy More Negotiating Power in Home Market
Toronto area homebuyers are increasingly negotiating below asking prices as market conditions shift from a seller's market to a more balanced one. In July, 78.1% of homes sold below asking, with a median discount of...
