GTA condo sales inch up — but the real story is in the gap
“The condominium sector has started to show some small gains but continued to be hampered by inventory that has shown less flexibility for pricing changes,” said Edward Jegg, research manager at Altus Group.
Total new home sales across the GTA reached 1,175 units in June 2026. That’s roughly double last June’s record low, according to the BILD report, though still 52% below the 10-year average of 2,456 units.
Single-family homes — detached, linked, semi-detached, and non-stacked townhouses — accounted for 902 of those sales, a result that came in 36% above their 10-year average.
The benchmark price for new single-family homes stood at $1,275,458 in June, down 15.5% year-over-year, according to Altus Group.
For mortgage brokers active in the pre-construction space, the condo picture is more complicated.
