GTA Real Estate Report, June 2026: Sales Climb While Prices Soften

June handed us one of the more interesting snapshots this market has produced in a while. The GTA average selling price landed at $1,058,658, down 3.91% from a year ago. On paper, soft. Dig one layer down and the story flips: sales actually rose 8.44% to 6,770 homes, while new listings fell 12.89% to just 17,282. Buyers are showing up faster than sellers are.

More buyers, fewer fresh listings. In 20 years of watching this market, that's the pattern I look for when a correction is finding its floor. Prices still read soft because we're stacking them against last year, but the activity underneath is firming up. The catch is time. Homes now take 29 days to sell on average, up 11.5%, and that tells you pricing has to be honest. The reflex to overbid on everything? Gone in most pockets.

What you're buying changes everything here. Condos are still the weak spot, down 9.44% region-wide to $630,688. Good news if you're a first-timer or an investor hunting value. Detached held up best, off just 2% at $1,364,204. And the York Region suburbs are quietly having a moment, sales up anywhere from 20% to 32% as buyers chase the value those lower prices opened up. Let's go market by market.

GTA at a Glance: Sales Up, Prices Down. What Gives?

The headline is a two-speed story. That region-wide average of $1,058,658 is down 3.91% year-over-year, but the number I'd watch is the 8.44% jump in sales, to 6,770 homes. Rising sales while listings shrink (new listings down 12.89%) is about as classic a bottoming signal as this business offers. Fewer owners want to list into softness, and that quietly tightens supply underneath everything.

For buyers, this is a genuinely good window. Softer prices, more time to do your homework (29 days on market, up 11.5%), and none of the frenzy from a few years back. But it's no fire sale. With the pool of new listings shrinking, the sharp-priced homes still go. Get pre-approved, know what you want, and move when it shows up. The leverage is real. It just isn't bottomless.

Sellers, the word is discipline, not hope. The buyers are out there, the sales numbers prove it, but they're paying today's price and not last year's. Price to the current market, show the place well, and it still sells inside a month. Condo owners especially need to be honest with themselves. That's the softest corner right now.

By the numbers for Greater Toronto Area, June 2026: average selling price $1,058,658 (-3.9% year-over-year); 6,770 homes sold (+8.4%); 17,282 new listings (-12.9%); 29 average days on market. By type: Detached $1,364,204 (-2.0%), Semi-Detached $1,038,973 (-4.7%), Townhouse $912,380 (-5.5%), Condo $630,688 (-9.4%).

City of Toronto: Where's the Value Hiding?

The City of Toronto average dipped 4.53% to $1,081,375, and that one figure buries a wide spread. Detached houses actually ticked up 0.4% to $1,648,440. Basically flat, and a reminder that well-located freehold in the core is still scarce and people still want it. Semis (-1.07%) and townhouses (-1%) barely budged. The softness is all in the condo market.

Toronto condos fell 8.95% to an average of $665,760. That's where the opportunity sits. Sales across the city rose 5.35% while new listings dropped 13.57%, so a buyer who moves on a well-priced condo has room to negotiate that just didn't exist a couple of years ago. First-time buyer or an investor with a medium-term horizon? This is one of the better entry points Toronto has handed you lately.

Freehold sellers in Toronto are sitting comfortable. Values are holding, inventory is thin. Condo sellers have a harder road and should price sharp from day one. With 29 days as the market average, an overpriced listing bleeds momentum fast, and buyers can smell it.

By the numbers for City of Toronto, June 2026: average selling price $1,081,375 (-4.5% year-over-year); 2,443 homes sold (+5.3%); 6,096 new listings (-13.6%); 29 average days on market. By type: Detached $1,648,440 (+0.4%), Semi-Detached $1,264,782 (-1.1%), Townhouse $1,161,997 (-1.0%), Condo $665,760 (-8.9%).

Vaughan: Are Buyers Coming Back Here First?

Vaughan is one of the more balanced boards this month. The average eased just 2.9% to $1,185,018, one of the shallower declines around, while sales surged 20.22% to 333 homes. New listings were down only 5.01%, so supply held up better here than across most of the GTA. And homes sold in 28 days, down 3.45% year-over-year. Buyers are actually moving a touch quicker in Vaughan than they were a year ago.

Break it down by type and detached held up best at -2.23% ($1,621,631). Semis (-8.31%), towns (-7.4%) and condos (-8.72%) took the sharper hits. That gap is the opportunity if you want more square footage per dollar. The attached and condo segments gave back the most ground, so that's where your negotiating position is strongest.

For sellers, resilient prices and faster-than-average sale times are a good sign. The demand is clearly there. A 20% jump in sales doesn't happen in a dead market. But pricing it right still wins, especially in the semi and townhouse categories that softened the most.

By the numbers for Vaughan, June 2026: average selling price $1,185,018 (-2.9% year-over-year); 333 homes sold (+20.2%); 854 new listings (-5.0%); 28 average days on market. By type: Detached $1,621,631 (-2.2%), Semi-Detached $1,004,883 (-8.3%), Townhouse $1,043,184 (-7.4%), Condo $604,412 (-8.7%).

Markham: Prices Fell Hard. Should Buyers Care?

Markham posted the steepest average decline we tracked this month, down 11.63% to $1,136,454. Big number. It's broad, too: condos fell 14.02% ($600,259), townhouses 12.67% ($992,947), semis 11.27% ($1,036,771), and even detached slipped 4.58% ($1,584,527). Read that alone and you'd think the place was in trouble.

Now flip the page. Sales exploded 31.39% to 360 homes, on new listings down only 4.68%. This is price cuts unlocking demand, plain and simple. Buyers who'd been priced out of Markham, a market people chase for the schools, the transit, the amenities, are jumping in. The 29-day average on market confirms it: the well-priced stuff is still finding buyers quick.

If you've had your eye on Markham, this might be the best opening in years, especially in condos and townhouses. Sellers, take the sales surge as proof buyers are motivated. Just accept that today's pricing sits meaningfully below last year's, and list to that reality, not the memory.

By the numbers for Markham, June 2026: average selling price $1,136,454 (-11.6% year-over-year); 360 homes sold (+31.4%); 794 new listings (-4.7%); 29 average days on market. By type: Detached $1,584,527 (-4.6%), Semi-Detached $1,036,771 (-11.3%), Townhouse $992,947 (-12.7%), Condo $600,259 (-14.0%).

Richmond Hill: A Value Play for Detached Buyers?

Richmond Hill mixes a mild price correction with a big jump in activity. The average slipped 4.09% to $1,241,949, but sales rocketed 32.18% to 230 homes, one of the strongest gains in the region, even as new listings fell 12.09%. Real demand meeting shrinking supply. That combination tends to put a floor under prices.

By type it's split. Detached held relatively firm at -3.49% ($1,685,722) and semis were nearly flat at -1.33% ($1,104,870). Townhouses (-11.84%) and condos (-10.54%) soaked up most of the correction. So the value story is really in attached and condo. If you want freehold detached, expect a fight, which is why the average sits at 31 days on market here, a touch longer than the regional norm.

For sellers, a 32% sales increase says buyers are active and serious. Detached owners are in a solid spot. Townhouse and condo sellers will want to price competitively to stand out in the segments that corrected the most.

By the numbers for Richmond Hill, June 2026: average selling price $1,241,949 (-4.1% year-over-year); 230 homes sold (+32.2%); 567 new listings (-12.1%); 31 average days on market. By type: Detached $1,685,722 (-3.5%), Semi-Detached $1,104,870 (-1.3%), Townhouse $1,016,833 (-11.8%), Condo $532,418 (-10.5%).

Aurora: What's Behind the Fastest Sales in the GTA?

Aurora put up two numbers that jump off the page. Homes sold in just 24 days on average, down a striking 17.24% from a year ago and among the fastest anywhere in the region, while sales climbed 28.81% to 76 homes. When homes move that fast and in that kind of volume, buyer demand here is the real thing right now.

The price data comes with a warning label. The average fell 6.74% to $1,239,892, and some of the segment figures reflect a handful of sales, not a broad trend. That condo average of $515,500 (-37.48%) and the semi average of $908,778 (-20.81%) are built on thin volume. Don't read them as a literal one-year drop for a typical unit. The steadier read is detached at -7.99% ($1,435,838) and townhouses, which barely moved at -0.75% ($911,556).

Buyers: Aurora is competitive and it's quick, so come prepared and pre-approved. Sellers: quick sale times plus rising volume is about as good as this market gets. Priced right, homes here are not sitting around.

By the numbers for Aurora, June 2026: average selling price $1,239,892 (-6.7% year-over-year); 76 homes sold (+28.8%); 180 new listings (-12.6%); 24 average days on market. By type: Detached $1,435,838 (-8.0%), Semi-Detached $908,778 (-20.8%), Townhouse $911,556 (-0.8%), Condo $515,500 (-37.5%).

Newmarket: The GTA's Affordability Anchor?

If affordability is what you're after, Newmarket earns a hard look. Its average price of $1,018,511 is the lowest of the markets we cover this month, down a modest 4.1% year-over-year. Detached homes average $1,157,968 (-6.8%), a real detached-house price that sits well below what you'd pay in Toronto, Vaughan or Richmond Hill, while townhouses ($880,222) and condos ($490,600) crack the door open for first-time buyers.

The pace is brisk but not frantic. Sales rose 4.76% to 88 homes and, like Aurora, Newmarket homes sold in just 24 days on average. New listings dipped 7.87%, which keeps supply in check. Sensible pricing gets rewarded with a fast sale here, and buyers get more house for the money than just about anywhere else in the GTA.

For buyers stretched by core-city prices, Newmarket is one of the clearest value stories going, especially in townhouses and condos, which have softened enough to be genuinely approachable. Sellers get steady demand and fast turnover, as long as they price to today's market and not to memories of the peak.

By the numbers for Newmarket, June 2026: average selling price $1,018,511 (-4.1% year-over-year); 88 homes sold (+4.8%); 246 new listings (-7.9%); 24 average days on market. By type: Detached $1,157,968 (-6.8%), Semi-Detached $773,300 (-11.2%), Townhouse $880,222 (-3.6%), Condo $490,600 (-12.7%).