The February 2026 housing statistics provide important clues about the direction of the Greater Toronto Area housing market. While prices remain lower than last year, several indicators suggest that the market may be stabilizing.
Understanding whether the market is rebounding requires examining the relationship between supply, demand, and pricing.
Sales Activity in February
During February 2026, the GTA recorded 3,868 residential home sales. Although this represents a 6.3 percent decline compared with February 2025, it still reflects steady transaction activity given the market adjustments of recent years.
Sales were distributed across several property types:
• Detached homes: 1,683 sales
• Condo apartments: 1,088 sales
• Freehold townhouses: 369 sales
• Semi-detached homes: 336 sales
• Condo townhouses: 329 sales
Detached homes remained the largest segment of the market.
Supply of Homes on the Market
The supply of homes entering the market dropped significantly.
New listings totaled 10,705 properties, representing a 17.7 percent decline year-over-year.
When fewer homes are listed for sale, inventory growth slows. In February 2026, active listings totaled 19,314 properties, slightly lower than the previous year.
With approximately five months of inventory, the market is generally considered balanced.
Price Trends Across the GTA
Despite signs of tightening supply, prices continued to decline compared with last year.
The average GTA home price reached $1,008,968, down 7.1 percent year-over-year.
The benchmark home price reached $938,800, reflecting a 7.89 percent decline.
These price declines suggest that the market has not yet fully recovered from previous economic pressures.
Property Type Price Comparison
Different property types showed large differences in pricing.
Average February prices were:
• Detached homes: $1,325,654
• Semi-detached homes: $1,027,376
• Freehold townhouses: $930,779
• Condo townhouses: $748,500
• Condo apartments: $626,650
Condos remain the most affordable housing option in the GTA.
Regional Market Differences
Regional conditions across the GTA remain varied.
Toronto recorded 1,491 sales, while York Region recorded 683. Peel Region recorded 706 transactions, and Durham recorded 454 sales.
Durham had the tightest market conditions, with roughly 3.5 months of inventory, compared with approximately five months across the broader GTA.
Is the Market Rebounding?
The February data does not yet show a full rebound in prices. However, the decline in new listings could gradually tighten market conditions.
If demand increases while supply remains limited, the market could begin to stabilize later in 2026.
For now, the GTA housing market appears to be in a transition phase, balancing lower prices with reduced listing supply.
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