Home Sales and Prices Decline in Toronto This January

By Staff The Canadian Press

Posted February 4, 2026 11:02 am

1 min read

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The Toronto real estate board indicates that it anticipates continued weakness in home prices and sales at least through the first half of this year.

This outlook follows a report from the Toronto Regional Real Estate Board showing that home sales for January decreased by 19.3 per cent compared to last year, while the average selling price fell by 6.5 per cent. Active listings increased by 8.1 per cent.

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The board reported a total of 3,082 home sales in January, with an average selling price of $973,289. There were also 17,975 active listings.

TRREB notes that this high supply is likely to result in lower average selling prices during the first half of 2026, though prices may stabilize later in the year if consumer confidence improves.

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Board president Daniel Steinfeld mentioned that households are being cautious about committing to long-term mortgage payments due to ongoing uncertainty; however, clearer economic signals could attract more buyers back into the market.

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An Ipsos survey released by TRREB found that Greater Toronto Area homebuying intentions for 2026 have dropped five percentage points from last year to just 22 per cent.

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