Roland Brunner Real Estate

The June market report is out! Swipe for a snapshot 📊

With the heat of the World Cup in town, there have been encouraging signs in the Greater Toronto Area housing market as we head into July.

After a slower start to the year, the market gained momentum in June. Home sales were up 9.4% compared to June of last year, while the number of new listings declined by 12.9%. Fewer homes coming to market combined with stronger buyer activity is creating a more balanced market and increasing competition for well-priced properties.

So far this year, home sales have edged higher than they were during the first half of 2025, while inventory remains significantly lower. This shift is helping to reduce the supply of available homes and could lead to firmer prices as we move through the second half of the year.

The average GTA home sold for $1,058,658 in June. While that's still 3.9% lower than a year ago, the pace of price declines has continued to slow. On a month-to-month basis average prices saw modest gains, another positive sign that the market is stabilizing.

Jason Mercer, Chief Information Officer of The Toronto Regional Real Estate Board (TRREB) expects buyer activity to continue strengthening throughout the remainder of 2026 as confidence returns and pent-up demand is released. If this trend continues, he feels home prices could level off and begin to rise again before year-end.

Affordability remains an important issue across the GTA. Industry leaders continue to advocate for reducing development charges, which can account for up to 20% of the cost of a new home. Lowering these costs could improve affordability for new home buyers over time.

If you've been wondering whether now is the right time to buy or sell, this changing market presents new opportunities. Every neighbourhood is different, and I'd be happy to discuss what's happening in your area and what it could mean for your real estate plans.

Happy Pride, Toronto! 🌈

GTA home prices continued to adjust in May, declining 4.6% year-over-year to $1,069,700, but the pace of decline narrowed as sales rose for a third straight month and new listings fell sharply for a fifth consecutive month.

With five-year fixed mortgage rates stabilizing just above 4% and prices down from peak levels, affordability has improved relative to 2022.

However, Urbanation notes that several more months of demand outpacing supply will be needed before meaningful upward price pressure emerges.

Curious whether today’s price levels create an opportunity in your market? Let’s review the numbers.

The May market report is out! Swipe for a snapshot 📊

The Greater Toronto Area housing market showed renewed momentum in May, with more homes changing hands and fewer properties coming to market compared to the same time last year.

This shift is gradually bringing the market back into balance after an extended period of elevated inventory. As buyers absorb available homes, competition has started to increase in some communities, which could help stabilize prices and set the stage for future growth.

Improved affordability has been a key factor driving activity this spring. Lower home prices compared to last year, combined with reduced borrowing costs, have made homeownership more attainable for many buyers who had been waiting on the sidelines.

In May, 6,583 homes were sold across the GTA, up 6.3% from a year ago. At the same time, available listings fell by 13.3%, this declining supply of homes available for purchase is contributing to tighter market conditions.

The trend was even more apparent compared to April, with home sales increasing 10% month-over-month while new listings declined slightly. This suggests that buyer demand is strengthening faster than new supply is entering the market.

While home prices remain lower than they were a year ago, signs of stabilization are emerging. The average GTA home sold for $1,069,700 in May, down 4.6% year-over-year. However, on a month to month basis, average prices edged higher compared to April.

The condominium market across the Greater Toronto Area continued to face downward pressure on prices as new unit completions added to available supply. Despite this, buyer confidence showed signs of improvement, with many purchasers returning to the market and driving condominium sales up by nearly 8% compared to the previous year. This increase in activity suggests that improving affordability and lower borrowing costs are beginning to attract buyers who had previously remained on the sidelines.

For buyers, today's market still offers choice and negotiating power. For sellers, improving demand and declining inventory levels may create more favourable conditions as the year progresses.