Toronto Real Estate Market Update: Prices, Sales, and What’s Changing Now


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York Region Real Estate — June 2026

The Market Is Tightening.
Here’s What That Means for You.

GTA home sales surged 9.4% year-over-year in June 2026 while new listings fell nearly 13%. York Region remains one of the most active markets in Canada. Complete data-driven breakdown — plain English, no hype.

GTA SALES
6,770
↑ +9.4% YoY
GTA AVG. PRICE
$1.06M
↓ -3.9% YoY
YORK SALES
1,289
↑ vs 2025
NEW LISTINGS
17,282
↓ -12.9%
  

Executive Summary

June 2026: A Market Turning the Corner

After a slow first quarter, the GTA housing market delivered a strong second quarter. Sales rose nearly 10% year-over-year while new homes coming to market fell by almost 13%. More buyers, fewer choices — the clearest signal yet that H2 2026 will be more competitive than H1.

“After a slow start in the first quarter, we saw a marked improvement in home sales in the second quarter. We expect accelerating transactions and more competition between buyers in the last six months of the year, helping to satisfy pent-up demand and ultimately resulting in renewed price growth.”

— Daniel Steinfeld, TRREB President

 

📌 Plain English: Prices haven’t recovered to 2022 peak levels, but the floor appears to be in. Buyers who act in H2 2026 are likely buying at or near the bottom of this cycle. Sellers who wait may find themselves competing against more inventory as confidence builds.

GTA-Wide Data — June 2026

The Numbers That Tell the Story

 

TOTAL GTA SALES

6,770

↑ +9.4% YoY

 
 

AVG. SALE PRICE

$1,058,658

↓ -3.9% YoY

 
 

NEW LISTINGS

17,282

↓ -12.9% YoY

 

ACTIVE LISTINGS

27,329

↓ -13.5% YoY

 
 

AVG. DAYS ON MKT

29

Avg. LDOM June 2026

 
 

MLS HPI CHANGE

-5.4%

Year-over-year benchmark

Sales & Prices by Home Type — GTA (June 2026)

Home TypeSalesAvg. PriceYoY SalesYoY Price
Detached3,256$1,364,204+9.1%-2.0%
Semi-Detached617$1,038,973+3.0%-4.6%
Townhouse1,082$844,579+4.3%-3.1%
Condo Apartment1,714$630,688+14.3%-9.5%

York Region Focus

Community-by-Community Breakdown

 

YORK REGION SALES

1,289

All home types

 
 

AVG. SALE PRICE

$1.17M

$1,169,958

 
 

SALE / LIST RATIO

98%

Near asking price

📊 Average Sale Price by Community — June 2026

King
 
$2.25M
Vaughan ★
  
$1.24M
Richmond Hill
  
$1.19M
Markham
  
$1.14M
Aurora
  
$1.06M
Newmarket
  
$985K
Stouffville
  
$856K
E. Gwillimbury
  
$794K

Full Community Data Table — June 2026

CommunitySalesAvg. PriceSP/LPDaysMos. Inv.
Aurora76$1,062,80897%305.1
E. Gwillimbury39$794,41098%245.5
Georgina85$1,239,89297%386.2
King24$2,253,46995%4211.7
Markham360$1,136,45499%294.3
Newmarket165$984,627100%233.0
Richmond Hill333$1,185,01899%244.9
Stouffville54$856,17099%203.4
Vaughan ★592$1,239,892102%335.1
YORK REGION TOTAL1,289$1,169,95898%335.1
 

★ Vaughan at 102% SP/LP: Vaughan is the only York Region community selling above asking price, with 592 sales — by far the highest volume. Buyers in Vaughan need to come prepared for competition.

Market Interpretation

What Does This Mean for You?

 

🔑 IF YOU’RE BUYING

The window of maximum buyer advantage is closing. New listings fell 12.9% while sales rose 9.4%. In Newmarket, Stouffville, and Richmond Hill, homes are already selling at or near asking. Acting in Q3 2026 may be smarter than waiting for Q1 2027.

 
 

🏷 IF YOU’RE SELLING

Conditions are improving. The rate of price decline is slowing and seasonally adjusted sales are up. Well-presented homes in Vaughan and Richmond Hill are moving in under 3 weeks. Price it right and it will move — fast.

Our Active Listings

Properties Available Now

From a luxury Mill Pond estate in Richmond Hill to urban living in Ottawa — here are our current listings across multiple price points.

25 Highgrove Crescent Richmond Hill
⭐ FEATURED — LUXURY ESTATE

$1,938,900

25 Highgrove Crescent, Richmond Hill — Mill Pond

MLS# N13430738 • Bathurst St / Mill St

4+1 Bedrooms 5 Bathrooms ~5,000 sq ft 3-Storey Pond Views

Timeless elegance in prestigious Mill Pond — a Georgian-inspired estate beside Rumble Pond Park. Approx. 5,000 sq ft of living space with 10–12 ft ceilings, double oak herringbone flooring, formal library, chef’s kitchen, and private landscaped garden retreat.

View Full Listing ↗
7 Stonemount Crescent EssaFOR SALE

$855,900

7 Stonemount Crescent

Angus (Essa Township), Simcoe County

MLS# N13187922

4+1 bed • 4 bath • 2,405 sq ft • Premium corner lot • Finished basement • Gas fireplace • 9-ft ceilings • Minutes to Barrie & Hwy 400

View Listing ↗
1401 O'Connor Drive Unit 504 Toronto
Just Sold 1401 O'Connor Drive
🎉 JUST SOLD

1401 O’Connor Drive, #504, Toronto

East York, Toronto • MLS# E13431242

Listed at $518,889 — Sold at $500,000 in just 15 days on market. Strategic pricing and focused marketing delivered results for our seller in East Toronto’s condo market.

15

Days on
Market

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 Andrei Baiborodin

Andrei Baiborodin

Sales Representative

416-562-3021

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Data sourced from TRREB Market Watch, June 2026. © 2026 Toronto Regional Real Estate Board. All statistics based on MLS® System transactions. Not intended to solicit properties currently listed for sale. RE/MAX Premier Inc., Brokerage • 9100 Jane St, Bldg L #77, Vaughan ON L4K 0A4 • 416-987-8000. *Conditions apply.

Jul 03, 2026