TRREB Releases 2026 Q2 Condo Market Statistics

Greater Toronto Area (GTA) condominium apartment sales increased in the second quarter of 2026 compared to the same period in 2025, while the number of new and active listings declined. With sales increasing and available inventory trending lower year-over-year, condominium apartment market conditions tightened compared to a year ago, although buyers continued to benefit from ample choice and negotiating power on price.

There were 4,783 condominium apartment sales reported through the Toronto Regional Real Estate Board (TRREB) MLS® System in Q2 2026 – up by 8.8 per cent compared to 4,395 sales in Q2 2025. New condominium apartment listings entered into the TRREB MLS® System totalled 14,042 in the second quarter of 2026, down by 19.0 per cent year-over-year. Active listings at the end of the quarter were also lower, declining by 15.4 per cent compared to the same period last year to 8,061 units.

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Despite tighter market conditions, the average condominium apartment selling price remained below last year’s level. The average selling price was $634,972 in Q2 2026, down by 7.5 per cent compared to $686,387 in Q2 2025. In the City of Toronto, the average selling price was $667,916, compared to $717,403 during the second quarter of 2025.

Improved affordability, supported by lower selling prices and borrowing costs compared to a year ago, encouraged more buyers to move off the sidelines and back into the condominium apartment marketplace during the second quarter. If sales continue to improve relative to available inventory in the second half of 2026, the annual rate of price decline should continue to diminish, providing a foundation for renewed price growth in 2027.