Condo sales outpace other GTA housing types
Marshall Tully of HB Mortgage Team told Canadian Mortgage Professional in earlier spring coverage that sub-$600,000 condos with meaningful amenities have been drawing disproportionate interest, even prompting bidding wars in some cases, a trend consistent with June’s volume increase.
| Home type | June 2026 sales (GTA) | YoY sales change | Average price (GTA) | YoY price change | MLS HPI benchmark change (YoY) |
|---|---|---|---|---|---|
| Condo apartment | 1,714 | +14.3% | $630,688 | -9.5% | -8.20% |
| Detached | 3,256 | +9.1% | $1,364,204 | -2.0% | -5.27% |
| Townhouse | 1,082 | +4.3% | $844,579 | -3.1% | -7.43% |
| Semi-detached | 617 | +3.0% | $1,038,973 | -4.6% | -5.11% |
| All home types (composite) | 6,770 | +9.4% | $1,058,658 | -3.9% | -5.39% |
Source: Toronto Regional Real Estate Board (TRREB), June 2026 Market Watch report
Price declines remain steepest in the condo segment
Despite the sales strength, condo prices told a different story. The average condo apartment price fell 9.5% year-over-year to $630,688 across the GTA. That’s a steeper drop than the 5.4% decline in TRREB’s overall MLS Home Price Index Composite benchmark.
In the 905 region, average condo prices fell 10.6% to $563,874, while City of Toronto condo prices dropped 9%.
TRREB chief information officer Jason Mercer said the annual rate of price decline has receded in recent months and could stabilize further if conditions keep tightening, a pattern already visible in steep price declines across the GTA condo segment through the first half of 2026.
