Visual Summary February 2026 Market Snapshot
Market Commentary What the Numbers Mean
GTA REALTORS® reported 3,868 home sales through TRREB’s MLS® System in February 2026 — down 6.3% compared to February 2025. At the same time, new listings declined by a greater annual rate, with 10,705 new listings entering the market, a drop of 17.7% year-over-year. The pullback in new supply is consistent with recent polling data showing that listing intentions are down for 2026.
The MLS® Home Price Index (HPI) Composite benchmark was down 7.9% year-over-year in February 2026. The average selling price came in at $1,008,968, representing a 7.1% decrease compared to February 2025.
By home type, detached homes saw 1,683 total sales with an average price of $1,325,654 (down 8.2%). Semi-detached homes recorded 336 sales at $1,027,376 average (down 5.8%). Townhouses totalled 698 sales at $844,862 (down 7.2%), while condo apartments accounted for 1,088 sales at an average of $626,650 (down 8.8%).
Many would-be homebuyers are holding off, waiting for prices to level off further and for positive news on the trade front. With more than 100,000 buyers on the sidelines in the GTA ownership market, any combination of price stability and improved sentiment could drive a meaningful recovery in the second half of 2026.
At Landpower, our agents are actively monitoring these shifts across Markham, Richmond Hill, Thornhill, and the broader GTA. If you’re considering buying, selling, or simply want to understand what this market means for your property, we’re here to help.