Real Estate Market Report | Toronto | February 2026
Inventory Spike Drives Broad Price Reset
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So what's happening in the Toronto real estate market as of February 2026?
January data confirms meaningful cooling. New listings are 11 percent above the five year January average, while sales are down 26 percent. Inventory has climbed 44 percent, pushing months of supply up 71 percent. The overall benchmark price is $924,100, down 3.84 percent month over month and 3.75 percent year over year. Elevated supply and weaker absorption are now translating into measurable pricing pressure as the market resets from prior peak conditions.
Toronto's Detached Homes
Detached conditions show expanding supply and selective demand. New listings are 18 percent above the five year January average, while sales are down 18 percent. Inventory has risen 59 percent, increasing months of supply by 82 percent. The benchmark price is $1,456,600, up 2.92 percent month over month but down 2.38 percent year over year. Short term price strength contrasts with softer annual performance, reflecting volatility at higher price tiers.
Toronto's Condominums
Condominium activity reflects the sharpest slowdown. New listings are 8 percent above the five year January average, while sales have dropped 33 percent. Inventory is up 37 percent, pushing months of supply 70 percent higher. The benchmark price is $560,200, down 4.72 percent month over month and 8.55 percent year over year. This segment continues to absorb the bulk of demand contraction, with pricing adjusting more rapidly than other property types.
Toronto's Semi-Detached Homes
Semi detached homes show relative stability. New listings are 8 percent above the five year January average, while sales are down 15 percent. Inventory has increased 45 percent, and months of supply is up 60 percent. The benchmark price is $1,142,700, rising 2.13 percent month over month but down 0.72 percent year over year. While supply growth is notable, pricing has remained comparatively resilient within this mid market segment.
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