"Toronto's real estate association says it expects home price and sales weakness to persist for at least the first half of the year. The outlook came as the Toronto Regional Real Estate Board (TRREB) says home sales for January fell 19.3 per cent from a year earlier, while the average selling price dropped 6.5 per cent. Active listings rose 8.1 per cent. The board says home sales totalled 3,082 in January, while the average selling price was $973,289. There were 17,975 active listings."
"TRREB says the elevated supply will likely lead to lower average selling prices in the first half of 2026, though prices could stabilize in the latter half of the year if consumer confidence improves. Board president Daniel Steinfeld says households remain cautious about committing to long-term mortgage payments as uncertainty persists, but greater economic clarity could bring more buyers into the market."
Home sales in the Toronto region declined in January, falling 19.3% year-over-year to 3,082 transactions. The average selling price dropped 6.5% to $973,289 in January. Active listings rose 8.1% to 17,975, creating elevated supply. Elevated supply is likely to push average selling prices lower through the first half of 2026. Prices could stabilize in the latter half of 2026 if consumer confidence improves. Households remain cautious about committing to long-term mortgage payments amid uncertainty, which is dampening buyer activity. An Ipsos survey found Greater Toronto Area homebuying intentions for 2026 fell five percentage points to 22%.
Read at www.cbc.ca
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