If you’ve been sitting on the sidelines of the Greater Toronto Area real estate market, waiting for the elusive “bottom” in order to snag a deal, it might be time to sit up. Not because the market is booming, but because the conditions that favour buyers are still very much in place while showing early indicators of fading, according to new HouseSigma data.<\/p>\n\n\n\n
February’s real estate statistics still tell the story of a buyer’s market. The total number of homes sold in the GTA in February was 3,672, which was a fairly typical near-20% seasonal increase from January, but down 11.1% from a year ago. Across all home types, the median GTA sale price in February was $878,500, up 4.4% since January but 5.5% lower than a year ago.<\/p>\n\n\n\n
February’s inventory sat at 19,129 active listings, giving buyers plenty of choice and negotiating room. Homes are still sitting on the market for 72 days on average, including instances where homes were de-listed and quickly re-listed. That’s well above the frenzied sales pace of previous years.<\/p>\n\n\n\n
Is the market finding its floor?<\/strong><\/p>\n\n\n\n However, there is an interesting development in home listing terminations and expirations, which dropped to 4,612 in February \u2014 nearly half the 10,781 recorded last September, after months of decline. This steady fall suggests sellers are increasingly pricing realistically from the start, rather than testing the market at aspirational prices and being forced to retreat. While there are no guarantees of how the market will move, when the gap between what sellers want and what buyers will pay starts to close, it’s typically one of the earliest indicators that a market is finding its floor.<\/p>\n\n\n\n For buyers, this could be a “pay attention” moment. The combination of still-lower prices, high inventory, and a motivated seller base that’s getting more pragmatic may represent the sweet spot \u2014 before spring competition potentially picks up and that leverage gradually disappears.<\/p>\n\n\n\n Condo prices down but showing recovery<\/strong><\/p>\n\n\n\n Entry-level buyers looking for a condo may have a particularly good opportunity right now. The median condo price is $552,000, down from $602,250 a year ago \u2014 a saving of $50K, which is meaningful difference on a purchase of that size. But the price has risen twice in the past two months, and could continue to see an increase into the spring market. <\/p>\n\n\n\n “Sellers appear to be finally catching up to where the market really is, not where it used to be. We\u2019re seeing more listings priced right from the start \u2014 and that\u2019s a healthy adjustment for everyone. It\u2019s an encouraging sign that confidence is returning as pricing becomes more grounded in today\u2019s reality.”<\/p>Sammy Kohn, a leading HouseSigma agent in the GTA<\/em><\/cite><\/blockquote>\n\n\n\n Check out our newly interactive February 2026 GTA MarketWatch infographic, below, to see the full breakdown by property type and where the hottest communities are for listing activity. Just hover your mouse over the charts to see the precise data. <\/p>\n\n\n\n