GTA REALTORS® Release January 2026 Stats: What the Numbers Are Really Telling Us

The GTA housing market kicked off 2026 with continued signs of adjustment. January’s numbers confirm what many buyers and sellers are already feeling on the ground: activity is slower, prices are softer, and strategy matters more than ever.

Let’s break down the latest data from GTA REALTORS® (TRREB) and what it means if you’re planning a move this year.

Home Sales and Listings: A Slower Start to the Year

There were 3,082 home sales reported in January 2026, down 19.3% compared to January 2025. This reflects ongoing affordability challenges, cautious buyer sentiment, and a market that is still finding its balance after years of rapid change.

New listings also declined. 10,774 homes were listed on the MLS® system, down 13.3% year-over-year. Fewer listings combined with fewer sales suggest that many homeowners are still choosing to wait on the sidelines, watching how the market unfolds.

Prices Continue to Adjust

Price softness remained a key theme in January.

The MLS® Home Price Index (HPI) Composite benchmark was down 8% year-over-year, while the average selling price came in at $973,289, a 6.5% decrease compared to January 2025.

This doesn’t mean prices are collapsing — it means the market is recalibrating. Buyers are more price-sensitive, and sellers need to be realistic and well-informed when setting expectations.

Month-Over-Month Trends: Momentum Still Muted

On a seasonally adjusted basis, January 2026 home sales were also down compared to December 2025, while new listings edged slightly higher.

Both the MLS® HPI Composite and average selling price trended lower month-over-month, reinforcing that momentum remains subdued as the year begins.

For buyers, this means more choice and less urgency. For sellers, it means preparation, pricing, and presentation are critical from day one.

Looking Ahead: 2026 Market Outlook Now Available

The 2026 TRREB Market Outlook and Year in Review Report has now been released, offering a comprehensive look at the GTA real estate landscape.

The report covers:

• Resale market trends

• New home and condominium activity

• Commercial real estate insights

• Key economic and housing indicators shaping 2026

It’s a valuable resource for anyone looking to understand where the market may be heading and how different segments are expected to perform.

What This Means for Buyers and Sellers

January’s numbers confirm that we are in a strategy-driven market.

Buyers have more negotiating power, more time, and more options — but still need to act decisively on well-priced, well-presented homes.

Sellers can absolutely still achieve strong results, but success now depends on accurate pricing, smart preparation, and strong marketing, not guesswork.

If you’re considering buying or selling in the GTA in 2026, understanding these shifts is key.

If you’d like to talk about what this market means for your specific situation, feel free to reach out. A clear plan makes all the difference in today’s market.