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<\/p>\nTORONTO, ONTARIO, March 5, 2026 \u2013 Greater Toronto Area (GTA) resale housing market conditions tightened in February 2026 compared to February 2025. While sales were down year-over-year, new listings declined by a greater annual rate. The dip in new listings is in line with recent polling results from Ipsos which show listing intentions are down for 2026. \u201cMany would-be homebuyers are waiting for selling prices to level off before moving into the market. If new listings continue to trend lower through the spring, competition between homebuyers will increase, supporting home prices and a recovery in sales,\u201d said TRREB President Daniel Steinfeld.<\/p>\n
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\u201cThere is substantial pent-up demand in the GTA ownership market, with more than 100,000 buyers holding off on making a home purchase. Buyers are waiting for selling prices to level off and for positive news on the trade front. Once we see both, there could be substantial momentum driving home sales in the second half of this year and into 2027,\u201d said TRREB Chief Information Officer Jason Mercer. GTA REALTORS\u00ae reported 3,868 home sales through TRREB\u2019s MLS\u00ae System in February 2026 \u2013 down by 6.3 per cent compared to February 2025. New listings entered into the MLS\u00ae System amounted to 10,705 \u2013 down by 17.7 per cent year-over-year. On a seasonally adjusted basis, February home sales and new listings were down month-over-month compared to January 2026. New listings were down by a greater monthly rate than sales.<\/p>\n
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The MLS\u00ae Home Price Index (MLS\u00ae HPI) Composite benchmark was down by 7.9 per cent year-over-year in February 2026. The average selling price, at $1,008,968, was down by 7.1 per cent compared to February 2025. On a month-over-month seasonally adjusted basis both the MLS\u00ae HPI Composite and the average selling price were down compared to January 2026 figures. \u201cThe long-term sustainability of the GTA housing market depends upon the industry\u2019s ability to bridge the gap between condominium apartments and traditional single-family homes. TRREB, with its partners in the Housing Advancement Coalition, is urging the Federal and Provincial Governments to take immediate targeted action to pave the way for increased \u2018missing middle\u2019 home construction,\u201d said TRREB Chief Executive Officer John DiMichele.<\/p>\n","protected":false},"excerpt":{"rendered":"
TORONTO, ONTARIO, March 5, 2026 \u2013 Greater Toronto Area (GTA) resale housing market conditions tightened in February 2026 compared to February 2025. While sales were down …<\/p>\n","protected":false},"author":2,"featured_media":693,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-692","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-updates"],"yoast_head":"\n