Greater Toronto Area Home Sales Decline in February 2026: Buyers and Sellers Remain Cautious
By Modern Solution Realty – 🏡 1% Listing Commission | 💰 $5,000 Buyer Cashback🔗 https://modernsolution.ca/
TORONTO — Home sales in the Greater Toronto Area (GTA) fell in February 2026, as both buyers and sellers remain cautious amid market uncertainty. According to the Toronto Regional Real Estate Board (TRREB), a total of 3,868 homes sold last month, representing a 6.3% decrease compared with February 2025. Seasonally adjusted figures also show a 1% drop from January.
The average home selling price in the GTA decreased 7.1% year-over-year to $1,008,968, while the composite benchmark price, which reflects a typical home, dropped 7.9%. Both metrics also saw modest declines from the previous month.
“Many potential homebuyers are waiting for prices to stabilize before entering the market,” said TRREB president Daniel Steinfeld.
Fewer New Listings and Slightly Lower Inventory
February brought 10,705 new listings, down 17.7% from last year, while overall active listings fell 2.4% to 19,414 properties. Steinfeld noted that if new listings remain limited during spring, competition among buyers could intensify, potentially driving prices up and boosting sales later in the year.
TRREB’s chief information officer, Jason Mercer, added that buyers are also watching for positive developments in international trade, which could influence market momentum. Mercer estimates that over 100,000 buyers are currently holding off on purchasing, waiting for favorable conditions.
Sales Trends by Region and Property Type
- City of Toronto: 1,491 sales, down 5.3% year-over-year
- Rest of the GTA: 2,377 sales, down 6.9%
Every property type saw a decline in February 2026 compared with last year:
- Condos: -12%
- Semi-detached homes: -9.2%
- Detached homes: -3.9%
- Townhouses: -2.4%
Modern Solution Realty Perspective
At Modern Solution Realty, we recognize that these market shifts present both challenges and opportunities. Buyers have the advantage of lower prices, while sellers with well-positioned listings can attract serious buyers in a competitive landscape. With strategic guidance and market insight, homeowners can make informed decisions despite temporary dips in sales activity.
As the GTA housing market continues to adjust, Modern Solution Realty predicts that spring 2026 could bring renewed activity, particularly as buyers and sellers gain confidence in pricing stability and market conditions.
Source: The Canadian Press, March 5, 2026