January 2026 Market Update

Toronto home prices just dipped below the $1M mark for the first time since the pandemic — and most people aren’t paying attention. Here’s your January 2026 market update ⬇️ Sales totaled 3,082 in January, down 19% year over year and lower than December’s 3,697, showing buyers are still moving cautiously. New listings came in at 10,774, down 13% from last year. Even with inventory remaining relatively limited, prices continued to soften — a clear sign this is a market reset, not a shortage-driven surge. The average sale price landed at $973,000, down 6.5% from last year and below December’s $1.007M. This is the first time average prices have fallen under $1M since the pandemic, after hovering around $1.1M for the past three years. This isn’t a crash — it’s a reset. Buyers have leverage. Sellers need to price strategically. If you’re thinking about buying or selling in 2026, strategy matters more than the market itself. DM me if you want help navigating this market — happy to help.