Toronto's real estate market remains one of North America's most expensive and competitive. In 2026, the average home price in the Greater Toronto Area (GTA) was about $1.05 million, down 5% from the previous year. Detached homes averaged $1.34 million, while condos fell 8-9% to around $680,000. Housing supply increased with over 25,000 active listings, easing competition. Population growth and immigration sustain demand, but affordability challenges persist.