GTA Housing Market Reports and Forecasts
Every month's numbers, the news behind them, and what Moe expects next.
Every month Moe Asgarian goes through the Toronto Regional Real Estate Board numbers: sales, new listings, prices and how long homes take to sell, then says plainly what they mean for buyers and sellers. This page keeps every monthly report, news round-up and forecast in date order, newest first, including the ones where he checks his own predictions.
Monthly GTA Market Stats
- GTA real estate, September 2026: prices down 5%, listings pile up and buyers finally get room to negotiate
The average GTA home sold for $1,006,409 in September 2026, 5% below last year. New listings jumped 36.65% from August. Sales barely moved. Here's what I'd tell you if you're buying or selling in Toronto, Vaughan, Markham, Richmond Hill, Aurora or Newmarket.
- Toronto and GTA Housing Market: The November 2025 Numbers
In November 2025 GTA sales were about 15.8% below a year earlier and the average price was $1,039,000. A Toronto broker goes through what the numbers actually say.
- Toronto Housing Market in February 2026: Lower Prices, Fewer Choices
February 2026 in the GTA: 3,868 sales, new listings down 17.7%, and average prices about 7.1% below a year earlier. What that mix meant for buyers.
- GTA Housing Market, March 2026: Sales Up, Prices Still Down
Sales in the GTA rose for the first time since September while prices kept falling. A Toronto broker's read on the March 2026 TRREB numbers, the city's own data, and where the deals still are.
- GTA Housing Market in April 2026: More Sales, Fewer Listings, Lower Prices
In April 2026 the Greater Toronto Area recorded 5,946 sales, about 7% above April 2025, while new listings fell about 9.3% and the average price stayed roughly 4.9% below a year earlier.
- Toronto Housing Market, July 2026: Fewer Listings, Flat Sales
GTA sales were nearly flat in July 2026 while new listings dropped close to 18%. Moe Asgarian explains why that gap matters more than the price headlines.
- Are Buyers Back? Inside Toronto's Fall 2026 Housing Market
New listings are down and some buyers are back. A look at what the Toronto and GTA market actually looks like heading into fall 2026, and what pricing decides.
- August 2026 GTA Market Report: Listings Dried Up Faster Than Sales Did
The GTA average price slipped to $993,410 in August 2026, down 2.73% from last year. That's the part everyone quotes. The part they skip: new listings fell almost 14%, which leaves this market tighter than the price headline lets on. Below, the same month broken down in Toronto, Vaughan, Markham, Richmond Hill, Aurora and Newmarket.
- New Toronto Housing Numbers: A Closer Look at August
August 2025 was the second weakest August in 12 years for GTA housing. The benchmark price has fallen more than $400,000 from its peak, yet sales rose again. Here are the numbers.
- A Good Time to Buy in Toronto: A Look at the New Monthly Numbers
GTA sales cooled for a third straight month in April 2024, yet the average price climbed to $1,120,000. Here is what the latest numbers mean for buyers and sellers.
- June 2024 Housing Numbers: What the First Rate Cut Actually Did
The Bank of Canada finally cut rates, and June 2024 is the first month we can measure the effect. Here are the Toronto and Canada numbers, and what they really tell us.
- Toronto Housing Market, May 2025: More Listings, Fewer Sales
Toronto's May 2025 market kept the same trend going: fewer sales, more listings, and real leverage for buyers. Here is what the numbers say and what to do with them.
- Toronto's Busy November: Rising Sales and New Mortgage Rules
November 2024 brought a fourth straight month of rising Toronto sales, hot freehold demand, softer condos, and new mortgage rules landing in December.
- The Toronto and GTA Housing Market: June 2025 by the Numbers
The GTA market is finding its feet. Here is what June's sales, prices, and record listings really tell buyers and sellers.
- GTA Real Estate Market Update, July 2026: Prices Soften While New Listings Pull Back Hard
The average GTA home sold for $1,003,956 in July 2026. That's down 4.53% from a year ago, and here's the odd part: new listings fell almost 18% while sales barely budged. I'll break down what that tug-of-war means for buyers and sellers, city by city.
- GTA Real Estate Report, June 2026: Sales Climb While Prices Soften
The average GTA home price slipped 3.91% year-over-year in June 2026, down to $1,058,658. And yet sales rose 8.44% while new listings dropped hard. Here's what that rebalancing means for buyers and sellers, market by market.
- Toronto Condo Rents Just Fell: What the Latest GTA Data Really Says
Average GTA condo rent dropped for the first time in years, but a coming supply squeeze could send it climbing again. Here is the full picture.
Monthly News Round-Ups
- Canada's November Jobs Surprise and the RE/MAX 2026 Buyer Outlook
Canada's unemployment rate fell to 6.5% in November 2025 and a RE/MAX report found one in ten Canadians planning to buy. What both mean for Toronto buyers.
- Three Canadian Housing Stories From February 2026
Ottawa may change the foreign buyer ban in 2027, RBC reports a seventh straight quarter of better affordability, and national rents keep falling.
- Canada's Home Prices Rose in February 2026 While Jobs and Population Fell
The typical Canadian home got more expensive in February 2026 for the first time in eight months, in the same weeks the population fell on record and full time jobs disappeared. A Toronto broker reads the three together.
- Real Brokerage Is Buying RE/MAX: Three Market Signals From May 2026
Three May 2026 stories in one place: Real Brokerage buying RE/MAX Holdings, CREA forecasting a flat market for two more years, and BMO's widening east west jobs gap.
- Gold, Housing and Immigration: Three Reports Shaping Canada's Economy
Three fresh reports on Canada's economy point in the same direction: gold is booming, home prices should ease next year, and the real economic story runs deeper than immigration.
- Toronto Housing News: Taxes, Condos, and What Buyers Should Watch
Three housing stories from early August 2024: how much tax Canadian families really pay, why most GTA condo investors are losing money, and what it all means for buyers.
- Toronto Housing News: Inflation, Transit Density, and a Federal Funding Fight
Three stories are shaping Toronto real estate right now: cooling inflation with a stubborn core number, a density deal near 120 transit stations, and a 30 million dollar funding fight with Ottawa.
- Rents Fall, People Leave, and Wealth Hits a Record: Canada's Market This Month
Rents across Canada fell to an 18-month low, more people are leaving the country than in decades, and household wealth hit a record 17.5 trillion dollars. Here is what each story means for you.
- Toronto's Housing Month: Renewals, a Slowdown, and Luxury Condos
A quick read on three Canadian housing stories: the 2025 mortgage renewal wave, a national slowdown led by Toronto, and a luxury condo market that keeps climbing.
- Tariffs, Migration, and Mortgages: Three Stories Moving Toronto Housing
A possible trade war, a record wave of people leaving Canada, and a surprising look at who actually holds mortgages. Three stories that could shape the market this year.
Forecasts and Outlook
- Where Will the Canadian Housing Market Be in Five Years?
A September 2025 report from Oxford Economics has Canada entering a cycle with no crash and no boom, and real prices roughly flat through 2030. Here is what that forecast means for owners, buyers and investors in Toronto.
- Toronto Home Prices Since 1993: A 417% Increase
Comparing Toronto housing in 1993 with November 2025 shows a 417% rise in the average home price, far ahead of inflation and far ahead of household income. Zoning, land costs, construction costs, bigger houses and population growth explain most of the gap.
- The 2026 GTA Housing Market Outlook: Neither a Crash Nor a Boom
Writing in December 2025, the most likely 2026 for Toronto and GTA housing is a balanced year: more sales than 2025, prices moving about 3% either way, and four things to watch.
- My 2025 Toronto Housing Predictions: The Full Scorecard
A line by line grade of the 2025 Toronto housing predictions: right on rate cuts, immigration, condos and rents, wrong on prices and sales volume.
- TD's Report: Canada's 2026 Mortgage Renewal Shock Did Not Arrive
TD's April 2026 mortgage report says the renewal shock did not arrive. A Toronto broker's read on why payments held up, what changes in the second half of 2026, and the problem the report admits is still unsolved.
- Six Conditions for Canada's Housing Market to Grow Again
Everyone wants to know when Canadian home prices start rising again. As of June 2026, six things have to change first, and lower interest rates are only one of them.
- Five Shifts in the Toronto Housing Market as of September 2026
Expensive homes are drawing more attention than entry-level ones, buyers hold the leverage, condo projects are stuck, builders are pivoting to rental, and prices are flat. A Toronto broker's read on five changes reshaping the GTA market in September 2026.
- Why Toronto's Housing Market Has Not Crashed
Ten rate hikes in eighteen months, sales at a multi decade low, and the GTA average still above $1 million in August 2026. Here are the five reasons Toronto prices refused to fall.
- How the 2026 World Cup Could Shake Up Toronto's Housing Market
Toronto is a host city for the 2026 World Cup. Here is how hosting the world's biggest sporting event could move rents, prices, and the city itself, for better and worse.
- Toronto Housing Market Outlook for 2024
Nobody can predict the future, but we can weigh the likely scenarios. Here is why I am cautiously optimistic about Toronto's 2024 market, from rate cuts to the RE/MAX forecast.
- Toronto Housing Market: The Spring 2026 Outlook
Toronto's first-quarter 2026 numbers are in. Sales and prices slipped year over year, but new listings dropped too, and buyers are landing real deals. Here is how to read the spring market.
- My 2025 Forecast for Toronto Freehold Starter Homes
Will 2025 finally bring more freehold homes to the GTA? Moe Asgarian says no, and lays out five predictions on starter-home prices, demand, and supply.
- Three Big Lessons from the 2024 Toronto Housing Market
By the numbers, 2024 was a hard year for Toronto real estate. Here is what happened across pre-construction, resale, and rentals, and the four policy shifts shaping 2025.
- Toronto's Housing Market From 2021 to 2024: A Benchmark Price Review
A four-year look at Toronto and GTA home prices using the benchmark index, from early 2021 to the end of 2024, across detached, townhouse and condo.
- My 2024 Toronto Market Predictions: What I Got Right
I made three predictions for Toronto real estate in 2024. Here is what came true, where I was wrong on rents, and my honest call for 2025.
- Two Predictions for Toronto's 2025 Housing Market
RE/MAX and Royal LePage both see growth for Toronto in 2025. Here are their forecasts, plus my own read on freehold homes and the condo market.
- Where Is the Toronto Housing Market Heading This Year?
The first half of 2024 in one line: a resilient freehold market on one side, rising condo inventory and softer condo prices on the other. Here is my read and what comes next.
- My Summer 2024 Forecast for the Toronto Housing Market
Falling rates are reshaping Toronto real estate. Moe Asgarian forecasts the summer 2024 market for condos and freehold, from oversupply to the best time to buy.
- Toronto Housing Market After the Rate Cut: Buy, Sell, or Hold?
The Bank of Canada cut rates. Here is what that signal means for Toronto buyers, sellers, and the widening gap between condos and freehold homes.
- Toronto Housing in 10 Years: Three Price Scenarios
Where will a Toronto home price land in 2032? I walk through three scenarios, from another doubling to a 1989-style crash, and the realistic middle path.
Frequently asked questions
Where do the monthly GTA market numbers come from?
From the Toronto Regional Real Estate Board, which publishes its Market Watch report early each month for the month before. It covers sales, new listings, average and benchmark prices and days on market, for the whole GTA and broken out by region and home type.
How should I read an older market report on this page?
As a record of that month, not as today's market. Each report says which month it covers. For where things stand now, open the newest entry at the top of the list. The older ones are useful for seeing how the market got here and how earlier forecasts turned out.
Can anyone predict the Toronto housing market?
Nobody can call the exact top or bottom, and Moe does not claim to. What a forecast can do is lay out the forces at work, such as rates, supply, population and confidence, and say which way they lean. He goes back and checks his own predictions on camera, and those videos are listed here too.
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