Average price — Mean sale price across all transactions. Sensitive to the mix of homes that sold.
$973,289
MoM −$33,446 −3.3% down $33,446, 3.3% versus December 2025 YoY −6.5% down 6.5% versus January 2025
Source: TRREB MarketWatch, January 2026
Greater Toronto Area · TRREB MarketWatch
GTA Real Estate Market Report
January 2026
In January 2026 the average selling price across the Greater Toronto Area fell 3.3% to $973,289 versus December 2025, and sales dropped 16.6% to 3,082, though a quieter January after the December holidays is the seasonal norm.
Headline indicators
All TRREB areas · all home types
Median price — The midpoint sale price. Less affected by a few very high or low sales than the average.
$840,000
MoM −$10,000 −1.2% down $10,000, 1.2% versus December 2025 YoY −7.7% down 7.7% versus January 2025
MLS® HPI benchmark — Quality-adjusted price for a typical home. The cleanest like-for-like price signal.
$936,100
MoM −$6,200 −0.7% down $6,200, 0.7% versus December 2025 YoY −8.0% down 8.0% versus January 2025
Sales — Firm transactions reported through the MLS® System during the month.
3,082
MoM −615 −16.6% down 615, 16.6% versus December 2025 YoY −19.9% down 19.9% versus January 2025
Dollar volume — Total value of all sales in the month.
$3.00B
MoM −$722,223,522 −19.4% down $722,223,522, 19.4% versus December 2025 YoY −25.1% down 25.1% versus January 2025
New listings — Properties newly listed during the month.
10,774
MoM +5,475 +103.3% up 5,475, 103.3% versus December 2025 YoY −13.1% down 13.1% versus January 2025
Active listings — Listings available at month end.
17,975
MoM +970 +5.7% up 970, 5.7% versus December 2025 YoY +4.8% up 4.8% versus January 2025
Avg. LDOM — Average days on market for the current listing. Not reported before 2020.
45
MoM +4 days +9.8% up 4 days, 9.8% versus December 2025 YoY +21.6% up 21.6% versus January 2025
Avg. PDOM — Average days on market across the property’s consecutive listings. Not reported before 2020.
67
MoM +2 days +3.1% up 2 days, 3.1% versus December 2025 YoY +21.8% up 21.8% versus January 2025
Avg. SP/LP — Average sale price as a share of list price. Above 100% means competing offers were common.
97%
MoM no change no change versus December 2025 YoY −2.0% down 2.0% versus January 2025
SNLR — Sales-to-new-listings ratio, computed here from this month’s counts. Below 40% favours buyers, above 60% favours sellers.
28.6%
MoM −41.2 pp −59.0% down 41.2 pp, 59.0% versus December 2025 YoY −7.9% down 7.9% versus January 2025
Months of inventory — Active listings divided by monthly sales — how long the current stock would take to sell. Computed here, not TRREB’s trend figure.
5.8
MoM +1 +26.8% up 1, 26.8% versus December 2025 YoY +30.8% up 30.8% versus January 2025
The month in 60 seconds
- Across all TRREB areas, new listings jumped 103.3% to 10,774 versus December 2025.
- Across all TRREB areas, sales dropped 16.6% to 3,082 versus December 2025.
- Across all TRREB areas, active listings rose 5.7% to 17,975 versus December 2025.
- Across all TRREB areas, the average selling price fell 3.3% to $973,289 versus December 2025.
- Across all TRREB areas, the median selling price edged down 1.2% to $840,000 versus December 2025.
Generated from the figures above. Ordered by size of month-over-month move.
Economy
Indicators published with this edition
Real GDP growth
2.6%
Q3 2025
Toronto employment growth
1.7%
December 2025
Toronto unemployment rate
8.1%
December 2025
Inflation (CPI, year-over-year)
2.4%
December 2025
Bank of Canada overnight rate
2.3%
January 2026
Prime rate
4.5%
January 2026
1-year mortgage rate
5.84%
January 2026
3-year mortgage rate
6.05%
January 2026
5-year mortgage rate
6.09%
January 2026
By home type
All TRREB areas
| Home type | Sales | MoM | Average price | MoM | YoY |
|---|---|---|---|---|---|
| Detached | 1,352 | −338 −20.0% down 338, 20.0% versus December 2025 | $1,277,915 | −$25,065 −1.9% down $25,065, 1.9% versus December 2025 | −7.2% down 7.2% |
| Semi-detached | 278 | −45 −13.9% down 45, 13.9% versus December 2025 | $945,967 | −$11,390 −1.2% down $11,390, 1.2% versus December 2025 | −9.7% down 9.7% |
| Att/row/townhouse | 310 | −30 −8.8% down 30, 8.8% versus December 2025 | $914,738 | −$58,177 −6.0% down $58,177, 6.0% versus December 2025 | −7.0% down 7.0% |
| Condo townhouse | 242 | −31 −11.4% down 31, 11.4% versus December 2025 | $697,599 | −$26,321 −3.6% down $26,321, 3.6% versus December 2025 | −13.1% down 13.1% |
| Condo apartment | 856 | −173 −16.8% down 173, 16.8% versus December 2025 | $604,759 | −$23,270 −3.7% down $23,270, 3.7% versus December 2025 | −9.8% down 9.8% |
| Link | 34 | +3 +9.7% up 3, 9.7% versus December 2025 | $891,732 | +$21,203 +2.4% up $21,203, 2.4% versus December 2025 | −9.7% down 9.7% |
| Co-op apartment | 1 | no change no change versus December 2025 | $240,000 | −$20,000 −7.7% down $20,000, 7.7% versus December 2025 | −57.0% down 57.0% |
| Detached condo | 5 | −3 −37.5% down 3, 37.5% versus December 2025 | $1,317,000 | +$329,687 +33.4% up $329,687, 33.4% versus December 2025 | +5.4% up 5.4% |
| Co-ownership apartment | 4 | +2 +100.0% up 2, 100.0% versus December 2025 | $437,750 | +$22,750 +5.5% up $22,750, 5.5% versus December 2025 | +11.5% up 11.5% |
Average price by home type
13 months to January 2026
| Month | Detached | Semi-detached | Att/row/townhouse | Condo townhouse | Condo apartment |
|---|---|---|---|---|---|
| Jan '25 | 1377430 | 1047728 | 983856 | 802905 | 670675 |
| Feb '25 | 1445879 | 1079996 | 991066 | 802862 | 688055 |
| Mar '25 | 1439268 | 1111791 | 1001043 | 789129 | 682019 |
| Apr '25 | 1431495 | 1088848 | 1005487 | 783935 | 678048 |
| May '25 | 1425264 | 1098447 | 995662 | 763172 | 683413 |
| Jun '25 | 1392033 | 1089751 | 965792 | 761106 | 696424 |
| Jul '25 | 1361660 | 1041359 | 929524 | 743469 | 651483 |
| Aug '25 | 1312240 | 980102 | 946395 | 739341 | 642195 |
| Sep '25 | 1359030 | 1015543 | 947928 | 747658 | 655231 |
| Oct '25 | 1355506 | 1033770 | 935042 | 735123 | 660208 |
| Nov '25 | 1346017 | 997499 | 913078 | 718191 | 663290 |
| Dec '25 | 1302980 | 957357 | 972915 | 723920 | 628029 |
| Jan '26 | 1277915 | 945967 | 914738 | 697599 | 604759 |
Movers this month
Ranked across 50 of the 55 required areas · minimum 10 sales to qualify
Average price, month-over-month
Top 5
- Toronto W07 +41.9% up 41.9%
- Scugog +19.6% up 19.6%
- Toronto E07 +17.9% up 17.9%
- Toronto W02 +17.6% up 17.6%
- Toronto W09 +10.6% up 10.6%
Bottom 5
- Toronto C03 −34.5% down 34.5%
- Toronto C11 −28.5% down 28.5%
- Whitchurch-Stouffville −18.5% down 18.5%
- Toronto E10 −18.1% down 18.1%
- Toronto E04 −16.1% down 16.1%
Sales, month-over-month
Top 5
- Toronto W07 +44.4% up 44.4%
- Toronto C06 +30.8% up 30.8%
- Toronto C11 +26.7% up 26.7%
- Toronto C10 +19.4% up 19.4%
- Toronto E02 +15.0% up 15.0%
Bottom 5
- Whitchurch-Stouffville −51.2% down 51.2%
- Toronto E01 −46.9% down 46.9%
- Toronto W03 −46.0% down 46.0%
- Toronto C04 −45.5% down 45.5%
- Toronto C14 −45.0% down 45.0%
Areas below the sales threshold are excluded — with a handful of sales, a couple of transactions can invent a swing that is not a market move.
Market balance
Sales-to-new-listings and months of inventory, computed from this month’s counts
All TRREB areas
SNLR
28.6%
prior month 69.8%
Months of inventory
5.8
All TRREB areas reads differently on the two balance measures — a buyer's market at 28.6% sales-to-new-listings, but balanced conditions at 5.8 months of inventory. They measure different things, so the split is worth noting.
City of Toronto (416)
SNLR
26.3%
prior month 69.9%
Months of inventory
6.5
City of Toronto (416) sits in a buyer's market: 26.3% of new listings sold and 6.5 months of inventory on hand.
905 total
SNLR
30.0%
prior month 69.7%
Months of inventory
5.5
905 total reads differently on the two balance measures — a buyer's market at 30.0% sales-to-new-listings, but balanced conditions at 5.5 months of inventory. They measure different things, so the split is worth noting.
These are computed here from the month’s raw counts. TRREB also publishes its own trend-smoothed SNLR and months-of-inventory figures, which are shown separately on the area pages and are not the same measure.
Where I work
Downtown TorontoMidtownScarboroughYork RegionDurham Region
Downtown
$734,267
- Sales
- 231
- SNLR
- 22.8%
- MOI
- 7.5
Aggregated across 2 districts · View →
Midtown
$1,387,449
- Sales
- 130
- SNLR
- 25.8%
- MOI
- 6.7
Aggregated across 6 districts · View →
Scarborough
$787,106
- Sales
- 182
- SNLR
- 30.0%
- MOI
- 5.6
Aggregated across 8 districts · View →
York Region
$1,110,582
- Sales
- 554
- SNLR
- 27.8%
- MOI
- 6.2
Region total · View →
Durham Region
$818,694
- Sales
- 412
- SNLR
- 38.0%
- MOI
- 3.6
Region total · View →
Average price for a multi-district group is weighted by dollar volume, not an average of averages — that would give a district with three sales the same weight as one with three hundred.