February 2026 - Market Stats

Mar 9
4 min read

What Trends are we Seeing? The narrative from one month to the next seems almost boring at this point with only minor twists in the plot. Total number of transactions decreased on the Toronto Regional Real Estate Board (TRREB) on a year-over-year (YoY) basis by 6.3 per cent for February. On a month-over-month basis (MoM) transaction on TRREB decreased 4.9 per cent. Average price followed a similar patter with a 7.1 per cent decrease YoY and a nominal adjustment of negative 1.8 per cent MoM. The picture broken down by 416 and 905 area codes for each market segment does not provide any glimmer of sunshine.

The twist in the plot was the total number of new listings. The number of new listings decreased by 17.7 per cent on TRREB on a YoY basis. This bucks the predominant trend we have seen over the last 12 months. It is indicative of some sellers waiting to have a clearer picture of the overall economy. What may occur if new listings continue to trend lower, is that there may be increased competition between home buyers which would support home prices and an increase in the number of sales towards a recovery. It is believed that there are nearly 100,000 buyers waiting on the sidelines to make their purchase which may fuel competition should they enter at the same time.

What Lies Ahead?

The biggest headline factor that is currently causing buyers, sellers and the Bank of Canada (BoC) to contemplate their next steps is the unrest in the Middle East. Much discussion has occurred about how oil prices could become an inflationary factor (supply shock). Should this be the case, in Canada where we have a standing unemployment rate of 6.5 per cent, a 2025 annualized Gross Domestic Product (GDP) rate of 1.7 per cent (lowest since 2016) and inflation having just shown signs of light with a CPI -trim reading of 2.4 per cent it would become challenging for the BoC to lower interest rates to stimulate the economy and keep its two per cent inflation target.

What this means for buyers and sellers is that the traditional Spring market could be delayed resulting in heavier transactions in the back end of the year.

For Buyers, we have been noticing additional stress to some seller’s positions where the decision to sell is being made for them due to financial strain and not by them due to lifestyle change. Without actively pursuing opportunities, you may be left reading a newspaper headline that talks about reduced supply and more common multiple offers before you have a chance to capitalize on a “must sell” or “ready to move on” situation.

For Sellers, the decision to sell now or later really depends on one’s specific real estate objectives and the asset(s) in your real estate portfolio. In some instances, desired results were achieved when we have advised sellers to enter the market quickly before Spring inventory floods the real estate market and creates substantial choice for buyers; and, in other instances, after consultation with the sellers we have held off on listing and re-assessed the sellers real estate goals and the market every six months. Connect for a consultation so we can constantly be supporting you to make the best decision for your circumstances and generate top dollars for the asset(s) you wish to sell.

What is Happening with Sale Prices

Sale Price Comparison
Product Type	Changes from February 2025 to February 2026		Changes from January 2026 to February 2026
	Toronto	GTA	Toronto	GTA
Detached	-11.4%	-7.5%	+1.7%	+2.9%
Semi-Detached	-4.6%	-8.7%	+7.3%	+2.8%
Townhouse	-4.6%	-8.2%	+11.8%	+0.3%
Condominium	-8.1%	-10.1%	+5.1%	-0.3%

Number of Transactions Trend

When comparing February 2026 to February 2025, we saw the following trend:

Categories	February 2026	February 2025	Percentage Change
Number of Transactions	3,868	4,127	-6.3%
Number of New Listings	10,705	13,004	-17.7%
Number of Active Listings	19,314	19,791	-2.4%

When comparing February 2026 to January 2026, we saw the following trend:

Categories	February 2026	January 2026	Percentage Change
Number of Transactions	3,868	3,082	+25.5%
Number of New Listings	10,705	10,774	-0.6%
Number of Active Listings	19,314	17,975	+7.4%

Looking into the different geographic pockets of Toronto and the GTA we notice the following changes in number of transactions when comparing February 2026 year-over-year to February 2025 and month-over-month to January 2026. The breakdown per area and product type are as follows:

Number of Transactions Comparison
Product Type	Changes from February 2025 to February 2026		Changes from January 2026 to February 2026
	Toronto	GTA	Toronto	GTA
Detached	+3.6%	-6.2%	+50.7%	+17.3%
Semi-Detached	-3.8%	-13.1%	+56.3%	+2.2%
Townhouse	+2.7%	-3.7%	+35.4%	+24.1%
Condominium	-12.3%	-11.5%	+29.0%	+23.3%