Real Estate Market February 2026

06 Mar Real Estate Market February 2026

Your February 2026 real estate market update is here! Covering Toronto, Oakville, Burlington, Hamilton and the surrounding areas.

Highlights of the real estate market from TREBB and Cornerstone

From TRREB: “Greater Toronto Area (GTA) resale housing market conditions tightened in February 2026 compared to February 2025. While sales were down year-over-year, new listings declined by a greater annual rate. The dip in new listings is in line with recent polling results from Ipsos which show listing intentions are down for 2026. “Many would-be homebuyers are waiting for selling prices to level off before moving into the market. If new listings continue to trend lower through the spring, competition between homebuyers will increase, supporting home prices and a recovery in sales,” said TRREB President Daniel Steinfeld. “There is substantial pent-up demand in the GTA ownership market, with more than 100,000 buyers holding off on making a home purchase. Buyers are waiting for selling prices to level off and for positive news on the trade front. Once we see both, there could be substantial momentum driving home sales in the second half of this year and into 2027,” said TRREB Chief Information Officer Jason Mercer.”

“GTA REALTORS® reported 3,868 home sales through TRREB’s MLS® System in February 2026 – down by 6.3 per cent compared to February 2025. New listings entered into the MLS® System amounted to 10,705 – down by 17.7 per cent year-over-year. On a seasonally adjusted basis, February home sales and new listings were down month-over-month compared to January 2026. New listings were down by a greater monthly rate than sales. The MLS® Home Price Index (MLS® HPI) Composite benchmark was down by 7.9 per cent year-over-year in February 2026. The average selling price, at $1,008,968, was down by 7.1 per cent compared to February 2025.”

Over in Hamilton/Burlington: “There were 928 home sales recorded via the Multiple Listing Service® (MLS®) System of the Cornerstone Association of REALTORS® (Cornerstone) in February 2026, representing a 14.7 per cent increase month-over-month, and a 12.9 per cent decline year-over-year. While February’s sales activity showed a modest month-over-month rebound, the market continues to remain constrained by affordability challenges and global economic uncertainty,” says Bill Duce, CEO of Cornerstone. Buyers in the market are benefitting from longer listing times, more favourable interest rates, and slightly softer prices. However, without meaningful policy changes that introduce incentives for buyers, we risk losing the progress needed to increase market activity and restore balance. We encourage all levels of government to introduce more incentives that will reduce financial barriers, such as removing the HST for all new home buyers and introducing first-time home buyers down payment assistance programs. These are just a couple of our calls for action to help future homeowners trying to get their foot in the door. While prices in Cornerstone’s major market areas are down year-over-year in the HPI benchmark, most areas saw an increase on a month-over-month basis.”

Hamilton-Burlington Area Highlights:

“There were 2,148 new listings added to Cornerstone’s MLS® System last month, a decline of 16.1 per cent year-over-year, and a decline of 1.9 per cent over January 2026.
The total inventory across Cornerstone’s market areas increased 5.5 per cent over the previous month and represents a 0.9 per cent decrease year-over-year. There was a 3.2-month supply at the end of February, representing a 10.3 per cent year-over-year increase. The number of months of inventory represents the time it would take to sell the current inventory at the current sales rate. The average days on the market across all Cornerstone market areas was 47 in February, compared to 54 days in January 2026.”

Questions about buying or selling? Reach out anytime, I’d be happy to discuss the market with you!

All the latest home prices and statistics by property type and city below!

Sources for Real Estate Market Update for January 2026 : Toronto Regional Real Estate Board and Cornerstone Association of REALTORS®