Jackson Chan

📊 GTA Real Estate Market Update – February 2026

The Greater Toronto Area housing market saw some price adjustments in February as many buyers continued to wait for more stability. While sales slowed slightly year-over-year, listing activity increased significantly, giving buyers more choices across the market.

🏡 Average Prices by Home Type

• Detached: $1,325,654 ⬇️ 8.2% YoY
• Semi-Detached: $1,027,376 ⬇️ 5.8% YoY
• Townhouse: $844,862 ⬇️ 7.2% YoY
• Condo Apartment: $626,650 ⬇️ 8.8% YoY

📈 Market Activity

• Home Sales: 3,868 ⬇️ 6.3% YoY
• New Listings: 10,705 ⬆️ 17.7% YoY
• Active Listings: 19,314 ⬆️ 2.4% YoY
• Average Price (All Home Types): $1,008,968 ⬇️ 7.1% YoY
• Average Days on Market: 36 days

💰 Interest Rate Snapshot

• Bank of Canada Target Overnight Rate: 2.3%
• Prime Rate: 4.5%

📌 What this means:
More listings in the market mean buyers currently have more options and negotiating power, while sellers need to price strategically to attract serious buyers.

If you’re thinking about buying or selling in the GTA, feel free to reach out anytime for a personalized market update.