Home sales slowed – 3,868 homes sold across the GTA, down 6.3% compared to February 2025.

New listings declined – 10,705 properties came to market, a 17.7% drop year over year.

Average selling price softened – now $1,008,968, down 7.1% from last year.

The Big Picture: February’s numbers reflect a market that is still finding its footing. Both sales and new listings pulled back, while prices remain below last year’s levels. Many buyers continue to take a cautious “wait-and-see” approach, and some sellers are holding off until they feel the market is more settled.

What does this mean for you?

• Sellers: Strategic pricing and strong presentation matter more than ever. Homes that are well-prepared and properly positioned are still attracting serious buyers and achieving strong results.

• Buyers: With prices below last year’s levels and less competition in some segments, this can be an opportunity to negotiate and secure the right property.