Toronto Housing Market Update: February 2026

February 2026 saw 3,868 home sales in the GTA, down 6.3% year-over-year, with new listings dropping 17.7% to 10,705. Active listings stayed high at 19,314, keeping inventory at 5 months and favoring buyers. The average home price was $1,008,968, down 7.1% YoY. Price declines affected all property types, with detached homes averaging $1,325,654 and condos $626,650. Homes spent 36 days on market, up 33.3%.