Toronto spent June with its eyes on BMO Field. Between Canada’s historic World Cup opener and five more matches at the stadium, it was hard to find a conversation that didn’t start with soccer. Turns out the real estate market had a pretty good month too… it just didn’t have to fight as hard for headlines.
We reported 6,770 home sales in June — up 9.4% from June 2025, and the third straight month of year-over-year gains. New listings, meanwhile, kept shrinking, down 12.9% compared to last year. Fewer new options, more buyers competing for them: that’s been the story since spring, and June just kept writing it.
The Headline Numbers
Here’s how the year has unfolded so far:
| Month | Sales | New Listings | Active Listings | Avg. Price |
|---|---|---|---|---|
| January | 3,082 | 10,774 | 17,975 | $973,289 |
| February | 3,868 | 10,705 | 19,314 | $1,008,968 |
| March | 5,039 | 14,442 | 21,596 | $1,017,796 |
| April | 5,946 | 17,097 | 25,110 | $1,051,969 |
| May | 6,583 | 17,698 | 26,927 | $1,069,700 |
| June | 6,770 | 17,282 | 27,329 | $1,058,658 |
Sales rose 2.8% over May, while new listings actually pulled back 2.3% month-over-month — the first monthly dip in new supply we’ve seen all spring. Active listings kept climbing, but only modestly (up 1.5%), which tells us absorption is finally starting to catch up with inventory.
Prices: The Decline Is Shrinking
The average selling price landed at $1,058,658 in June — still down 3.9% year-over-year, but that annual decline has been narrowing for a few months now. The broader MLS HPI Composite benchmark, which strips out the mix of what happened to sell, was down a steeper 5.4% year-over-year.
Month-over-month, the average price actually dipped slightly (-1.0%) — but on a seasonally adjusted basis, TRREB notes both the average price and the HPI Composite ticked up compared to May. Translation: the raw number moved one way, the underlying trend moved the other. That’s worth sitting with if you’re watching for a bottom.
How Each Home Type Performed
In the City of Toronto, 2,443 homes sold in June — up 6.1% from 2,303 a year ago — at an average price of $1,081,375, down 4.7% from June 2025. New listings fell sharply, down 13.6% year-over-year to 6,096.
Here’s how that broke down by home type within the 416:
| Home Type | June Sales (416) | Avg. Price (416) | Sales vs. June 2025 |
|---|---|---|---|
| Detached | 792 | $1,648,440 | +0.4% |
| Semi-Detached | 270 | $1,264,782 | -3.2% |
| Townhouse | 237 | $973,232 | -0.4% |
| Condo Apartment | 1,124 | $665,760 | +14.3% |
Condos were the standout, with sales up over 14% year-over-year — a notable shift for a segment that’s been the city’s slowest mover for the better part of two years, even as condo prices kept easing (down 9.0% from last June). Detached sales held roughly flat, while semis and townhouses saw modest pullbacks in transaction volume.
The World Cup Effect: A Pause Near the Pitch
June wasn’t just a real estate story, it was a soccer one. Toronto hosted five FIFA World Cup 2026 group-stage matches at BMO Field (rebranded Toronto Stadium for the tournament), starting with Canada’s historic home opener on June 12, plus a Fan Festival running at Fort York and The Bentway through mid-July.
If you were house-hunting near Exhibition Place this month, you probably noticed. Road closures, transit crowding, and a steady wave of visiting fans made for a less-than-ideal showing schedule, and we saw it in the data — buyer activity around Fort York and Liberty Village noticeably cooled while the tournament was in town. Sellers in those pockets who’d normally expect brisk June traffic instead found a quieter month, with some showings pushed into July.
Is this a lasting shift or a temporary blip? Almost certainly the latter. Once the tournament wraps and the neighbourhood gets its sidewalks back, we’d expect pent-up interest in Fort York and Liberty Village to resurface — worth watching for anyone with a listing (or a search) in that pocket of the city.
Rates Hold Steady — What the BoC’s June Decision Means for Buyers
The Bank of Canada held its overnight rate at 2.25% on June 10 — its fifth consecutive hold. Governing Council pointed to a still-uncertain global backdrop, including energy-price volatility tied to the conflict in the Middle East, alongside a domestic economy that remains soft.
For anyone financing a purchase, that means continuity rather than surprise: no fresh relief on borrowing costs this month, but no tightening either. It’s a familiar pattern to anyone who’s followed our past coverage of rate-driven market swings — steady rates tend to bring steady (if unspectacular) buyer confidence, rather than the surges or pullbacks a sudden move can trigger.
Year-to-Date Snapshot
Through the first half of 2026, GTA sales sit at 31,149 — up modestly from 30,844 over the same stretch in 2025. New listings tell a bigger story: down to 88,065 from 103,288. That’s a meaningfully tighter market than this time last year, even with prices still negative on a year-over-year basis (average price down 5.3% YTD).
My Take
TRREB called 2026 a “year of two halves,” and June looks like the moment that prediction started paying off. Sales have now climbed year-over-year for three straight months, new listings are pulling back, and the rate of price decline keeps shrinking rather than growing. None of that is a boom — but it’s a market that’s clearly tightening, World Cup traffic jams aside.
If borrowing costs hold through the second half of the year as the Bank of Canada suggests they might, we could see prices stop falling and start leveling off before year-end. For buyers, that argues for moving sooner rather than later. For sellers who’ve been waiting for “the right time,” the data suggests it might be arriving.
Curious what this means for your specific neighbourhood or situation? I’m always happy to chat — reach out anytime, or sign up for monthly market updates straight to your inbox.
