# Toronto Condo Market June 2026: The Numbers Nobody Wants to Hear Source: https://www.youtube.com/watch?v=8yZ8j_TQxzo Recap page: https://rapidrecap.app/video/8yZ8j_TQxzo Generated: 2026-08-06T16:16:10.807+00:00 --- ## The Gist Toronto condo prices in June 2026 fell to an average of $630,688, marking a 16.8 percent decline from the 2022 peak and erasing six years of price growth despite a 14.3 percent surge in sales volume. ## Quick Overview Toronto condo prices continue to drop despite a jump in sales volume because surging inventory and rising holding costs are trapping sellers in a buyer market. Average prices sit at $630,688, down $127,378 from the 2022 peak of $758,066. Inventory has reached 8,630 active listings with five months of supply, pushing sale to list ratios down to 97 percent as sellers bleed cash and accept lower offers. **Key Points:** - Average Toronto condo prices dropped to $630,688 in June 2026, marking a 16.8 percent decline from the 2022 peak of $758,066. - Condo sales in the GTA jumped 14.3 percent year over year to 1,714 sales, representing the strongest sales growth of any property type. - Active condo listings climbed to 8,630 units, creating five months of supply which firmly defines the current conditions as a buyer market. - Toronto Central remains the most expensive district with an average condo price of $710,000, while Durham offers the lowest average at $483,000. - Average carrying costs have jumped past $1,000 a month for many investors who are now bleeding $500 to $1,500 monthly in negative cash flow. - The sale to list ratio sits at 97 percent, meaning the average condo sells for roughly $19,000 below its asking price after 38 days on the market. ![Screenshot at 08:03: Comparison of the 2022 peak average selling price against the June 2026 average, showing a 16.8 percent total decline.](https://ss.rapidrecap.app/screens/8yZ8j_TQxzo/00-08-03.jpg) **Context:** The Toronto real estate market has experienced severe volatility following pandemic-era frenzies, rapid interest rate hikes by the Bank of Canada, and mounting pressure on investor-owned rental properties. Real estate analyst Kevin Yu breaks down TRREB market watch data to examine the true financial state of GTA condo owners in June 2026. ## Detailed Analysis Toronto's condo market is experiencing a severe correction driven by forced selling from investors who bought during the 2021 and 2022 peaks at sub-two percent interest rates. With renewal rates now jumping to four percent or higher, carrying costs have surged past rental income, forcing investors to dump units and build up inventory to 8,630 active listings. Although sales volumes rose 14.3 percent year over year in June 2026 because buyers finally have choices and leverage, prices continue to fall every single month. Sellers who accept reality and price for today's market are successfully offloading units, while those chasing yesterday's numbers find themselves sitting on the market as inventory stacks up. ### Sales Volume Surge and Inventory Levels June 2026 recorded 1,714 condo apartment sales across all TRREB areas, marking a 14.3 percent year-over-year increase. - Condos posted the strongest year-over-year sales growth of any property type in the GTA. - Active listings reached 8,630 units while new listings totaled 4,550, creating five months of supply. - A balanced market in Toronto typically runs between three and four months of supply, making five months a clear buyer market. ![Screenshot at 02:02: Inventory breakdown showing 8,630 active listings and five months of supply in the GTA condo market.](https://ss.rapidrecap.app/screens/8yZ8j_TQxzo/00-02-02.jpg) ### District by District Price Breakdown Average condo prices vary significantly across Toronto districts and surrounding regional municipalities. - Toronto Central leads all districts with an average price of $710,000 and nearly 800 sales. - Toronto West recorded 221 sales at an average of $596,000, serving as the primary backyard for downtown buyers seeking transit access. - Durham region recorded the lowest average condo price at $483,000, offering strong value for budget-conscious buyers. ![Screenshot at 05:27: Bar chart displaying the average condo price by district from Toronto Central down to Durham.](https://ss.rapidrecap.app/screens/8yZ8j_TQxzo/00-05-27.jpg) ### Ten Year Price Trend and Peak Comparison The average GTA condo price peaked at $758,066 in 2022 before beginning a steady multi-year descent. - The current June 2026 average of $630,688 represents a total decline of $127,378 or 16.8 percent from the peak. - Six years of pandemic-era price growth and bidding wars have been nearly entirely erased by ongoing monthly price drops. - Year-to-date averages show that prices have dipped significantly below 2020 levels, erasing pandemic gains. ![Screenshot at 07:02: Ten-year trend chart illustrating the 2022 price peak and the subsequent drop to June 2026 levels.](https://ss.rapidrecap.app/screens/8yZ8j_TQxzo/00-07-02.jpg)