February 2026 Market Tightens as Supply Dips

The Greater Toronto Area (GTA) resale housing market is showing signs of tightening as we move through early 2026. While overall sales activity have softened, a significant drop in new listings is creating more competitive conditions for those currently in the market.

Key Market Indicators at a Glance

The February 2026 data reveals a market in transition, with several key metrics shifting since last year:

Sales Activity: GTA REALTORS® reported 3,868 home sales in February 2026, a 6.3% decrease compared to February 2025.

New Listings: Supply saw a much sharper decline, with only 10,705 new listings entered—a 17.7% drop year-over-year.

Average Selling Price: The average price for all home types combined was $1,008,968, down 7.1% from $1,086,586 in February 2025.

Days on Market: Properties are staying on the market longer, with the average listing days on market (LDOM) rising to 36 days, compared to 27 days a year ago.