June was the first month this year in which the two sides of the market moved decisively in opposite directions. Whether that resolves into price movement is the question the next few releases answer, and it is not one this brief will guess at.
Brief June 2026
Sales up, listings down, prices still soft
Two things moved in opposite directions in June 2026. Sales across the GTA rose almost ten per cent against June 2025 while new listings fell almost thirteen, and condominium inventory in the City of Toronto is a fifth lower than a year ago. Prices have not yet responded.
01 The numbers
TRREB City of Toronto · June 2026
- Benchmark · condo apartment
- $553,900−7.6% y/y
- Sales
- 1,124+13.5% y/y
- Active listings
- 5,464−20.1% y/y
- Months of inventory · all home types
- 4.7
| District | Benchmark | Y/Y | Sales | Y/Y | DOM |
|---|---|---|---|---|---|
| C01King WestLiberty VillageWaterfront | $569,000 | −6.4% | 264 | +11.9% | 37 d |
| C08Distillery and Corktown | $496,000 | −10.3% | 153 | +18.6% | 36 d |
Named, but below the reporting threshold
These districts transacted fewer than 30 condominium apartments in the month. A year-over-year percentage on that base moves tens of per cent on one unusual unit, so it is not shown and these rows are not comparable with the table above.
| District | Benchmark | Sales | DOM |
|---|---|---|---|
| C09 | $808,900 | 8 | 56 d |
| W01Roncesvalles | $516,900 | 17 | 26 d |
| E01Leslieville and Riverside | $578,200 | 11 | 27 d |
TRREB Market Watch · released 2026-07-02. Value is the mix-adjusted MLS Home Price Index benchmark, not the average sale price. Months of inventory is TRREB's published twelve-month moving average, reported for all home types only. The featured table carries districts with at least 30 condominium apartment sales in the month; anything below that is listed separately without year-over-year figures.
02 What moved
GTA REALTORS reported 6,770 home sales through TRREB's MLS System in June 2026, an increase of 9.4 per cent compared with June 2025.
Tier 2 · Official releaseTRREB Market Watch, June 2026July 3, 2026
New listings entered into the MLS System amounted to 17,282 in June 2026, down 12.9 per cent year over year.
Tier 2 · Official releaseTRREB Market Watch, June 2026July 3, 2026
The MLS Home Price Index apartment benchmark for the City of Toronto was $553,900 in June 2026, down 7.64 per cent year over year.
Tier 1 · Our own parsed dataTRREB Home Price Index, June 2026, ingested into this siteJuly 2, 2026
Active condominium apartment listings in the City of Toronto stood at 5,464 in June 2026, down 20.1 per cent against June 2025, while condo apartment sales rose 13.5 per cent over the same period to 1,124.
Tier 1 · Our own parsed dataTRREB Market Watch, June 2026, ingested into this siteJuly 2, 2026
Months of inventory for the City of Toronto stood at 4.7 in June 2026. TRREB publishes this as a twelve-month moving average and only for all home types, so it is not a condominium-specific figure.
Tier 1 · Our own parsed dataTRREB Market Watch, June 2026, ingested into this siteJuly 2, 2026
03 The read
The read is pending for this period. Sections 1 and 2 are the figures and what moved; an interpretation is added only once there is one worth defending, with what would prove it wrong.
04 Sentiment
What people in the market are saying. This section reflects belief, not fact — it is what others expect to happen, recorded because expectations move markets, and separated from section 2 so the two are never read as the same kind of thing.
"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," said TRREB President Daniel Steinfeld.
Tier 5 · SentimentTRREB President Daniel Steinfeld, quoted in the June 2026 releaseJuly 3, 2026
"While the average selling price was still down year-over-year in June, the annual rate of decline has receded over the past few months. If market conditions continue to tighten in the second half of 2026, selling prices could move in line with 2025 and eventually post some increases," said TRREB Chief Information Officer Jason Mercer.
Tier 5 · SentimentTRREB Chief Information Officer Jason Mercer, quoted in the June 2026 releaseJuly 3, 2026
05 What this means for you
- Buying
- More competition than three months ago and less to choose from. Have financing arranged and the status certificate ordered before you view, and price from closed sales in the building rather than from the benchmark.
- Selling
- Fewer competing listings than last June, but the benchmark has not turned. Price against what closed in your building in the last sixty days, not against what is currently asking.
- Renting
- Nothing in the figures on this page speaks to rents. We parse TRREB resale releases, which do not report rental data, so treat any rental number you see quoted from them with suspicion.
- Holding
- Falling inventory against rising sales is the condition that precedes a turn, not evidence of one. The benchmark is what would confirm it, and it has not moved yet.
The brief, monthly
One email a month, and it is the market data.
It goes out when TRREB publishes and we have ingested it — the benchmark, sales, listings, what moved and what we read into it, with what would prove that reading wrong. No listings, no offers, nothing about us.
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Ask about one building
A district average is not your building.
Everything above is the district. Your building has its own history — what closed in it in the last sixty days, how long those units sat, what the status certificate says about the reserve fund and whether there is a special assessment on the way. None of that is in a TRREB district table.
Send an address and the question you actually have. We will answer it with the comparable sales and say plainly where the figures run out.
- info@007realty.ca
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