A total of 6,770 homes were sold through the Toronto Regional Real Estate Board’s (TRREB) MLS System in June, a 9.4% year-over-year spike. This occurred even though the 17,282 new listings entered into the MLS System represented a 12.9% year-over-year decline.
On a seasonally adjusted basis, June’s home sales were up month-over-month while new listings were down, which the TRREB attributed to tightening market conditions.
The MLS Home Price Index (HPI) Composite benchmark was down by 5.4% from June 2025 while the average selling price of roughly $1.06 million was down 3.9% from one year earlier. On a month-over-month seasonally adjusted basis, both the average selling price and MLS HPI Composite were up slightly compared to May’s figures.
TRREB President Daniel Steinfeld observed, “After a slow start in the first quarter, we saw a marked improvement in home sales in the second quarter of this year. This result followed TRREB’s 2026 outlook, which called for a year of two halves. We expect accelerating transactions and more competition between buyers in the last six months of the year, helping to satisfy pent-up demand and ultimately resulting in renewed price growth”
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