Average GTA home price dropped below $1M last month with more weakness ahead: TRREB

Kuntal Khasnobish
Wednesday, February 4, 2026
Average GTA home price dropped below $1M last month with more weakness ahead: TRREB

The outlook came as the Toronto Regional Real Estate Board says home sales for January fell 19.3 per cent from a year earlier, while the average selling price dropped 6.5 per cent. Active listings rose 8.1 per cent.

The board says home sales totalled 3,082 in January, while the average selling price was $973,289. There were 17,975 active listings.

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