January activity reflected typical seasonal softness combined with continued buyer caution, resulting in lower sales and modest price adjustments compared to last year.
Sales declined more sharply than new listings, signalling reduced urgency among buyers. At the same time, pricing has adjusted gradually rather than abruptly, pointing to a market that is stabilizing rather than under pressure.
Improved affordability and more balanced inventory are creating better negotiating conditions, particularly for prepared buyers who are focused on value rather than timing the market.
According to the 2026 TRREB Market Outlook, market conditions are expected to improve gradually as confidence around employment and the broader economy strengthens. Pent-up demand remains on the sidelines and is likely to re-enter the market once conditions stabilize.
For now, the GTA remains in a more balanced phase — offering more choice, less competition, and a clearer path for informed decision-making.
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