June continued the positive momentum that has been building across the Greater Toronto Area, with home sales increasing sharply while new listings declined compared to last year. As inventory continues to be absorbed, market conditions are becoming more balanced, bringing increased competition among buyers and setting the stage for price stabilization in the months ahead.
GTA Market Insights
GTA REALTORS® reported 6,770 home sales in June 2026, up 9.4% compared to June 2025. At the same time, new listings declined to 17,282 (↓ 12.9% year-over-year), continuing the trend of tightening inventory that has characterized the spring market.
The average selling price reached $1,058,658, down 3.9% annually, while the MLS® HPI Composite benchmark declined 5.4% year-over-year. On a seasonally adjusted basis, June home sales increased month-over-month while new listings declined, further tightening market conditions. Both the average selling price and MLS® HPI Composite also edged higher compared to May, suggesting prices may be beginning to stabilize.
The first half of 2026 has reflected a clear shift from the slower start to the year. As affordability improves and buyer confidence returns, the market is showing signs of renewed strength heading into the second half of the year.
Durham Region Market Highlights
Durham Region continued its strong spring performance in June, posting another increase in both average sale price and sales activity. Homes continued selling quickly while buyer demand remained steady, reinforcing the trend toward a more balanced marketplace.
Key Metrics – Durham Region (June 2026):
- Average Sale Price: $856,170 (↑ 0.60% from May)
- Days on Market: 24 (no change)
- Sales: 849 (↑ 5.60%)
- New Listings: 2,049 (↑ 3.59%)
- Average SP/LP Ratio: 99% (no change)
Area Breakdown
Oshawa
- Avg. Price: $726,544 (↑ 2.51%)
- Sales: 181 (↓ 1.09%)
- New Listings: 529 (↑ 2.92%)
Whitby
- Avg. Price: $936,392 (↓ 1.40%)
- Sales: 168 (↑ 11.26%)
- New Listings: 351 (no change)
Ajax
- Avg. Price: $868,651 (↑ 3.56%)
- Sales: 96 (↓ 25.00%)
- New Listings: 262 (↑ 10.55%)
Pickering
- Avg. Price: $917,592 (↓ 1.06%)
- Sales: 157 (↑ 24.60%)
- New Listings: 334 (↑ 1.52%)
Clarington
- Avg. Price: $787,979 (↓ 5.07%)
- Sales: 165 (↑ 16.20%)
- New Listings: 355 (↑ 2.60%)
What’s Driving the Market?
Stronger Buyer Confidence
Home sales have continued climbing through the second quarter as improved affordability encourages more buyers to re-enter the market.
Tightening Inventory
Year-over-year declines in new listings across the GTA have reduced available inventory, increasing competition in many neighbourhoods.
Prices Beginning to Stabilize
Although average prices remain below last year's levels, the pace of annual price declines has slowed, with month-over-month gains suggesting the market is finding its footing.
A More Balanced Market
Buyers continue to benefit from negotiating power, but strengthening sales and tightening inventory are gradually shifting conditions toward a healthier balance between buyers and sellers.
Looking Ahead
For Buyers:
Affordability remains favourable, but opportunities may become more competitive if inventory continues tightening through the second half of the year.
For Sellers:
Market momentum continues to improve. Well-priced homes in desirable locations are attracting increased attention as buyer confidence strengthens.
Bottom Line:
June marked another positive step forward for both the GTA and Durham Region housing markets. Sales continue to strengthen, inventory is tightening, and prices are beginning to stabilize. As we move into the second half of 2026, improving market fundamentals suggest conditions are becoming increasingly favourable for both buyers and sellers.
Stats provided by TRREB & Independent Reporting Company RE Stats Inc. Information is deemed reliable but not guaranteed and may vary by 2.5%.
Posted by Dan Plowman on
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