Real Estate Market Commentary: January 2026

January 2026 data showed 3,082 home sales, down 19.3% year-over-year, with new listings falling 13.3% to 10,774. Active listings remained high at 17,975, keeping inventory at 5.83 months. The average home price was $973,289, down 6.5%, with the MLS HPI Composite Benchmark falling about 8% in the GTA. Homes averaged 50 days on market, and 81% of sales were below $1.25 million. All property types saw uniform price declines.