Toronto Housing Market | 2026 Home Prices

Toronto's housing market shows a 2.1% drop in sales but a sharper 14.1% decline in new listings, tightening supply. Average home prices fell 4.5% year-over-year to about $993,410, with condos down 7.1%, townhouses 6.2%, and single-family homes 4.7%. The sales-to-new-listings ratio of 41.9% indicates a balanced but tightening market. Rent prices slightly decreased, while mortgage rates remain around 4.59% for a 5-year fixed term.