January 2026 GTA Real EstateMarket Update

I hope your year is off to a smooth and positive start. January often sets the tone for the months ahead, and this year’s early market activity suggests that many buyers and sellers are continuing to move forward cautiously as economic conditions remain uncertain.

The GTA housing market began 2026 with a noticeable slowdown in both sales and new listing activity, while prices continued to trend lower compared to last year.

January 2026 Key Highlights

Market results for January 2026 include:

• Home Sales: 3,082 — a 19.3% decrease from 3,820 in January 2025
• New Listings: 10,774 — down 13.3% year-over-year
• Average Selling Price: $973,289 — a 6.5% decline from $1,041,171 in January 2025

These numbers point to a quieter start to the year, with fewer transactions and continued price adjustments across the region.

What We’re Seeing in the Market

January’s colder weather and post-holiday timing typically bring a slower pace, but this year’s decline also reflects ongoing hesitation among buyers. Many households are watching interest rate direction and the broader economy closely before making major decisions.

At the same time, softer pricing may offer improved entry points for buyers who have been waiting for better affordability.

Outlook for the Months Ahead

As we approach the spring market season, attention will shift toward whether demand begins to rebuild. Future activity will likely be shaped by borrowing costs, job market stability, and overall consumer confidence.

For those planning a move in 2026, the current environment reinforces the importance of staying informed and having a clear strategy, whether buying or selling.