After a painfully slow 2025, the Greater Toronto real estate market in 2026 has gotten off to an even slower start, new HouseSigma data reveals.
Home sales in the Greater Toronto Area in January 2026 totalled just 2,912 residential transactions – the lowest monthly figure since December 2008, which was during the global financial crisis.
Despite the sluggish market, new home listings in the region doubled last month compared with December 2025 – although December’s new listings were so low, it’s still a relatively small figure. Nevertheless, active inventory is very high for January, due to the extremely slow sales activity.
Naturally, with so much inventory and so relatively few transactions, average property days on market in the GTA is now 90 days, which is the highest on HouseSigma’s records. Property days on market is the average number of days it takes a home to sell, including if the home was delisted and quickly relisted.
The median price of a home sold last month slipped slightly from December to $848,500. The price has been dropping steadily and is now at levels seen just before the 2021 surge in pricing.
“While January brought the slowest sales in more than 17 years, the increase in listings and steady pricing suggest a market finding its footing. For buyers and sellers with a plan, this environment can work to their advantage.”
Sammy Kohn, a leading HouseSigma agent in the Greater Toronto Area
Check out the January 2026 MarketWatch infographic below for more details on the GTA real estate market, including breakdowns by property type and municipality.
Find all your market trends data for the Greater Toronto Area here – and keep up to date with our Ontario blog page here.