Sales Are Down… But That’s Actually Bullish for Toronto Real Estate

Sales are down — but listings are down even more. And that’s actually bullish for the Toronto real estate market. 📊🏡 In February, 3,868 homes sold across the GTA, down 6.3% year-over-year. But the bigger story is supply. New listings fell 17.7% and active listings dropped another 2.4%. 📉 Sellers are pulling back. That means less competition for buyers right now — but a tighter market is quietly building beneath the surface. 👀 The average price came in at $1,008,968. Down from last year, but back above the $1M mark after dipping below it in January for the first time in five years. Prices appear to be finding a floor. 📍💰 And with over 100,000 buyers sitting on the sidelines, the moment confidence returns they won’t trickle back into the market — they’ll flood in, chasing a shrinking pool of listings. 🌊📈 🎥 Watch the full February market update for the breakdown. https://davidcinelli.com/market_updates/toronto-real-estate-market-update-february-2026-gta-housing-market-report/ #TorontoRealEstate #GTARealEstate #TorontoMarket #RealEstateUpdate #MarketUpdate #TorontoHomes #DavidCinelli #RoyalLePage