As we closed out the second quarter in the GTA, I noticed a shift worth highlighting: sales volumes climbed to 6,800—up 9% from last year—while new listings dropped by 13% to 17,300. That tightening supply is an early sign of market stabilization, something I always watch closely for my clients.
The benchmark price came in at $940,800 (down 5% year-over-year), and the average selling price reached $1.06M (down 4%). Yet, both figures ticked up month-over-month, hinting at renewed momentum. What stands out in my conversations with buyers and sellers: activity has picked up, but listing growth has moderated, creating a healthier balance between supply and demand than we saw earlier this year.
It’s not a uniform story across all housing types. Condos, for example, saw an 8% annual price drop across the GTA, with certain municipalities experiencing declines above 10%—a reminder that not every segment recovers at the same pace.
Drawing from my years helping clients navigate shifting markets, I see these trends as opportunities. With my team’s multi-dimensional approach, we’re prepared for the expected stronger second half: more transactions, heightened competition, and tighter conditions that could pull selling prices closer to 2025 levels. For those considering their next move, staying informed and strategic is key to protecting and growing your most important asset.
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