Average price — Mean sale price across all transactions. Sensitive to the mix of homes that sold.
$1,008,968
MoM +$35,679 +3.7% up $35,679, 3.7% versus January 2026 YoY −7.0% down 7.0% versus February 2025
Source: TRREB MarketWatch, February 2026
Greater Toronto Area · TRREB MarketWatch
GTA Real Estate Market Report
February 2026
In February 2026 the average selling price across the Greater Toronto Area rose 3.7% to $1,008,968 versus January 2026, and sales jumped 25.5% to 3,868.
Headline indicators
All TRREB areas · all home types
Median price — The midpoint sale price. Less affected by a few very high or low sales than the average.
$865,000
MoM +$25,000 +3.0% up $25,000, 3.0% versus January 2026 YoY −6.3% down 6.3% versus February 2025
MLS® HPI benchmark — Quality-adjusted price for a typical home. The cleanest like-for-like price signal.
$938,800
MoM +$2,700 +0.3% up $2,700, 0.3% versus January 2026 YoY −7.9% down 7.9% versus February 2025
Sales — Firm transactions reported through the MLS® System during the month.
3,868
MoM +786 +25.5% up 786, 25.5% versus January 2026 YoY −4.2% down 4.2% versus February 2025
Dollar volume — Total value of all sales in the month.
$3.90B
MoM +$903,013,099 +30.1% up $903,013,099, 30.1% versus January 2026 YoY −10.9% down 10.9% versus February 2025
New listings — Properties newly listed during the month.
10,705
MoM −69 −0.6% down 69, 0.6% versus January 2026 YoY −11.3% down 11.3% versus February 2025
Active listings — Listings available at month end.
19,314
MoM +1,339 +7.4% up 1,339, 7.4% versus January 2026 YoY −1.1% down 1.1% versus February 2025
Avg. LDOM — Average days on market for the current listing. Not reported before 2020.
36
MoM −9 days −20.0% down 9 days, 20.0% versus January 2026 YoY +28.6% up 28.6% versus February 2025
Avg. PDOM — Average days on market across the property’s consecutive listings. Not reported before 2020.
54
MoM −13 days −19.4% down 13 days, 19.4% versus January 2026 YoY +25.6% up 25.6% versus February 2025
Avg. SP/LP — Average sale price as a share of list price. Above 100% means competing offers were common.
97%
MoM no change no change versus January 2026 YoY −2.0% down 2.0% versus February 2025
SNLR — Sales-to-new-listings ratio, computed here from this month’s counts. Below 40% favours buyers, above 60% favours sellers.
36.1%
MoM +7.5 pp +26.3% up 7.5 pp, 26.3% versus January 2026 YoY +8.0% up 8.0% versus February 2025
Months of inventory — Active listings divided by monthly sales — how long the current stock would take to sell. Computed here, not TRREB’s trend figure.
5.0
MoM −1 −14.4% down 1, 14.4% versus January 2026 YoY +3.2% up 3.2% versus February 2025
The month in 60 seconds
- Across all TRREB areas, sales jumped 25.5% to 3,868 versus January 2026.
- Across all TRREB areas, active listings rose 7.4% to 19,314 versus January 2026.
- Across all TRREB areas, the average selling price rose 3.7% to $1,008,968 versus January 2026.
- Across all TRREB areas, the median selling price edged up 3.0% to $865,000 versus January 2026.
- Across all TRREB areas, new listings held steady at 10,705 versus January 2026.
Generated from the figures above. Ordered by size of month-over-month move.
Economy
Indicators published with this edition
Real GDP growth
-0.6%
Q4 2025
Toronto employment growth
1.2%
January 2026
Toronto unemployment rate
7.9%
January 2026
Inflation (CPI, year-over-year)
2.3%
January 2026
Bank of Canada overnight rate
2.3%
February 2026
Prime rate
4.5%
February 2026
1-year mortgage rate
5.84%
February 2026
3-year mortgage rate
6.05%
February 2026
5-year mortgage rate
6.09%
February 2026
By home type
All TRREB areas
| Home type | Sales | MoM | Average price | MoM | YoY |
|---|---|---|---|---|---|
| Detached | 1,683 | +331 +24.5% up 331, 24.5% versus January 2026 | $1,325,654 | +$47,739 +3.7% up $47,739, 3.7% versus January 2026 | −8.3% down 8.3% |
| Semi-detached | 336 | +58 +20.9% up 58, 20.9% versus January 2026 | $1,027,376 | +$81,409 +8.6% up $81,409, 8.6% versus January 2026 | −4.9% down 4.9% |
| Att/row/townhouse | 369 | +59 +19.0% up 59, 19.0% versus January 2026 | $930,779 | +$16,041 +1.8% up $16,041, 1.8% versus January 2026 | −6.1% down 6.1% |
| Condo townhouse | 329 | +87 +36.0% up 87, 36.0% versus January 2026 | $748,500 | +$50,901 +7.3% up $50,901, 7.3% versus January 2026 | −6.8% down 6.8% |
| Condo apartment | 1,088 | +232 +27.1% up 232, 27.1% versus January 2026 | $626,650 | +$21,891 +3.6% up $21,891, 3.6% versus January 2026 | −8.9% down 8.9% |
| Link | 47 | +13 +38.2% up 13, 38.2% versus January 2026 | $963,646 | +$71,914 +8.1% up $71,914, 8.1% versus January 2026 | −4.0% down 4.0% |
| Co-op apartment | 13 | +12 +1200.0% up 12, 1200.0% versus January 2026 | $572,346 | +$332,346 +138.5% up $332,346, 138.5% versus January 2026 | −14.3% down 14.3% |
| Detached condo | 3 | −2 −40.0% down 2, 40.0% versus January 2026 | $725,000 | −$592,000 −45.0% down $592,000, 45.0% versus January 2026 | −8.7% down 8.7% |
Average price by home type
13 months to February 2026
| Month | Detached | Semi-detached | Att/row/townhouse | Condo townhouse | Condo apartment |
|---|---|---|---|---|---|
| Feb '25 | 1445879 | 1079996 | 991066 | 802862 | 688055 |
| Mar '25 | 1439268 | 1111791 | 1001043 | 789129 | 682019 |
| Apr '25 | 1431495 | 1088848 | 1005487 | 783935 | 678048 |
| May '25 | 1425264 | 1098447 | 995662 | 763172 | 683413 |
| Jun '25 | 1392033 | 1089751 | 965792 | 761106 | 696424 |
| Jul '25 | 1361660 | 1041359 | 929524 | 743469 | 651483 |
| Aug '25 | 1312240 | 980102 | 946395 | 739341 | 642195 |
| Sep '25 | 1359030 | 1015543 | 947928 | 747658 | 655231 |
| Oct '25 | 1355506 | 1033770 | 935042 | 735123 | 660208 |
| Nov '25 | 1346017 | 997499 | 913078 | 718191 | 663290 |
| Dec '25 | 1302980 | 957357 | 972915 | 723920 | 628029 |
| Jan '26 | 1277915 | 945967 | 914738 | 697599 | 604759 |
| Feb '26 | 1325654 | 1027376 | 930779 | 748500 | 626650 |
Movers this month
Ranked across 53 of the 55 required areas · minimum 10 sales to qualify
Average price, month-over-month
Top 5
- King +43.8% up 43.8%
- Toronto C06 +37.6% up 37.6%
- Uxbridge +33.8% up 33.8%
- Toronto C10 +33.2% up 33.2%
- Toronto W04 +32.6% up 32.6%
Bottom 5
- Toronto C02 −23.7% down 23.7%
- Toronto W07 −20.1% down 20.1%
- Toronto C09 −18.0% down 18.0%
- Toronto C11 −15.9% down 15.9%
- Toronto C03 −11.8% down 11.8%
Sales, month-over-month
Top 5
- Toronto E01 +188.2% up 188.2%
- Toronto C04 +155.6% up 155.6%
- Toronto E06 +137.5% up 137.5%
- Toronto E03 +124.0% up 124.0%
- Toronto C12 +112.5% up 112.5%
Bottom 5
- Toronto E04 −16.7% down 16.7%
- Toronto E07 −6.3% down 6.3%
- Newmarket −4.2% down 4.2%
- Toronto W04 no change no change
- Oshawa no change no change
Areas below the sales threshold are excluded — with a handful of sales, a couple of transactions can invent a swing that is not a market move.
Market balance
Sales-to-new-listings and months of inventory, computed from this month’s counts
All TRREB areas
SNLR
36.1%
prior month 28.6%
Months of inventory
5.0
All TRREB areas reads differently on the two balance measures — a buyer's market at 36.1% sales-to-new-listings, but balanced conditions at 5.0 months of inventory. They measure different things, so the split is worth noting.
City of Toronto (416)
SNLR
37.0%
prior month 26.3%
Months of inventory
5.0
City of Toronto (416) reads differently on the two balance measures — a buyer's market at 37.0% sales-to-new-listings, but balanced conditions at 5.0 months of inventory. They measure different things, so the split is worth noting.
905 total
SNLR
35.6%
prior month 30.0%
Months of inventory
5.0
905 total reads differently on the two balance measures — a buyer's market at 35.6% sales-to-new-listings, but balanced conditions at 5.0 months of inventory. They measure different things, so the split is worth noting.
These are computed here from the month’s raw counts. TRREB also publishes its own trend-smoothed SNLR and months-of-inventory figures, which are shown separately on the area pages and are not the same measure.
Where I work
Downtown TorontoMidtownScarboroughYork RegionDurham Region
Downtown
$792,282
- Sales
- 340
- SNLR
- 36.2%
- MOI
- 5.4
Aggregated across 2 districts · View →
Midtown
$1,440,516
- Sales
- 181
- SNLR
- 34.2%
- MOI
- 5.3
Aggregated across 6 districts · View →
Scarborough
$834,310
- Sales
- 234
- SNLR
- 37.1%
- MOI
- 4.5
Aggregated across 8 districts · View →
York Region
$1,133,471
- Sales
- 683
- SNLR
- 34.9%
- MOI
- 5.4
Region total · View →
Durham Region
$850,304
- Sales
- 454
- SNLR
- 40.2%
- MOI
- 3.6
Region total · View →
Average price for a multi-district group is weighted by dollar volume, not an average of averages — that would give a district with three sales the same weight as one with three hundred.