GTA condo apartments led June's sales rebound even as their prices dropped fastest
Condominium apartments led the Greater Toronto Area's sales rebound in June, even as the segment posted the steepest price decline of any housing type in the region, according to data released by the Toronto Regional Real Estate Board (TRREB).
GTA Realtors reported 1,714 condo apartment sales through TRREB's MLS System in June. That's a 14.3% increase compared with June 2025, the strongest year-over-year gain among the four housing categories TRREB tracks.
Detached home sales rose 9.1%, townhouse sales climbed 4.3%, and semi-detached sales increased 3%.
The gain came even as overall GTA sales, at 6,770 units, rose a comparatively modest 9.4% annually.
New listings across the region fell 12.9% year-over-year to 17,282, tightening conditions broadly.
Condo sales lead the resale recovery
Condo activity strengthened in both the City of Toronto and the surrounding 905 region, with 1,124 units changing hands in the 416 and 590 in the 905, both up 14.3% from a year earlier.
That pace stands out against new condominium sales lagging far below historical averages earlier this year as the new-build segment struggled to find footing.
Buyers appear to be gravitating toward smaller, more affordably priced units.
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.
“While the average selling price was still down year-over-year in June, the annual rate of decline has receded over the past few months. If market conditions continue to tighten in the second half of 2026, selling prices could move in line with 2025 and eventually post some increases. This would give an increasing number of households the confidence to move back into the marketplace,” he said.
TRREB president Daniel Steinfeld pointed to a "marked improvement" in second-quarter activity and forecast accelerating transactions and renewed price growth later this year.
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