June 2026 added another constructive month to the GTA housing story. Sales strengthened again, new listings declined, and active inventory continued to tighten, reinforcing the pattern that has been building through the spring. The market is not back to the pace or psychology of the peak years, but it is clearly firmer than it was at the start of 2026.
The average selling price in June came in at $1,058,658, down about 1% from May and still 3.9% below June 2025. At the same time, sales rose to 6,770 transactions, up 3% from May and 9.4% year over year, making this the strongest June sales total in two years. New listings fell to 17,282, down 13% from last year, while active inventory continued to trend lower as buyers absorbed available supply.
That combination matters. Prices are still below last year’s levels, but the annual rate of decline has continued to moderate. Sales are improving, new supply is not building the way it was earlier in the cycle, and the market is gradually moving toward more balanced conditions.
The detached segment remained the strongest performer in June, with 3,256 sales, up 9.1% year over year. The average detached sale price softened slightly from May but stayed above $1.35 million. Inventory remained below last year’s levels, which is contributing to a gradual tightening in market conditions and more competition for well-priced detached homes.
Condominium apartments also saw a meaningful lift in activity. There were 1,714 condo sales in June, up 14.3% year over year. The average condo apartment price was $630,688, down 9.5% from last year. That keeps condos as one of the most price-sensitive segments of the market, but it also highlights where some of the clearest affordability opportunities remain for owner-occupied buyers.
Townhomes saw more modest price adjustments in June, while sales activity improved alongside the broader market. Inventory also continued to decline compared with last year, helping support more balanced conditions even as buyers still had a relatively broad selection to work from.
Semi-detached homes remained comparatively resilient, with stable pricing and healthy sales activity. Demand for entry-level freehold housing is still there, especially for buyers who want to stay in the low-rise market without moving into detached-home pricing.
In West Toronto and South Etobicoke, this likely means the better properties are continuing to draw attention, especially when they are priced in line with current conditions. Buyers still have enough choice to compare carefully, but the tone is shifting. The market no longer feels as loose as it did earlier this year, and well-positioned listings are starting to benefit from that.
The broader takeaway from June is that the spring pattern is holding. Sales are strengthening, listings are trending lower, and inventory is tightening. Buyers still benefit from improved affordability and more selection than historical norms would suggest, but the balance is slowly shifting. If this continues through the second half of 2026, the market may move from price stabilization into modest price growth.
