Are GTA Home Prices Going Up or Down? June 2026 Update

The quick read (June 2026):

• GTA home sales rose about 9% from a year ago, a strong rebound after a slow start to 2026.
• The average selling price was $1,058,658, down 3.9% year over year, but the pace of decline is easing.
• Burlington held its value best. Oakville, Mississauga, and Milton benchmark prices were down roughly 5% to 6%.
• The Toronto Regional Real Estate Board expects the second half of the year to tighten, with more competition among buyers.

Source: TRREB Market Watch, June 2026.

GTA home prices were still slightly lower in June 2026 than a year earlier, with the average selling price down 3.9% to $1,058,658. The decline has been narrowing for months, though, and with sales up about 9% year over year, the market is firming rather than falling further. The Toronto Regional Real Estate Board expects the second half of the year to tighten, with more competition among buyers. Across the western GTA, Burlington held its value best, while Oakville, Mississauga, and Milton benchmark prices were down roughly 5% to 6% from a year ago. Here is the June picture for each market and what it means if you are buying or selling.

What happened across the GTA in June 2026?

Sales came back strongly. After a quiet first quarter, June sales finished about 9% ahead of the same month last year, while new listings were lower than a year ago, so buyers had less to choose from. The average price of $1,058,658 was still below last June, but the annual decline has receded over recent months rather than widened.

The board’s own reading is cautiously positive. TRREB points to pent-up demand and expects accelerating activity and firmer prices in the back half of 2026 if conditions keep tightening. For context, the MLS Home Price Index composite benchmark for all TRREB areas was $940,800 in June, down 5.4% year over year. The benchmark is a better guide than the average price because it tracks a consistent type of home rather than whatever happened to sell that month.

What are homes worth in Oakville right now?

Oakville remains the priciest of the four markets. The composite benchmark was $1,163,100 in June, down 6.0% year over year. Detached homes benchmarked at $1,625,700 (down 6.2%), townhomes at $1,022,500 (down 6.2%), and condo apartments at $563,800 (down 10.1%). Even after a softer year, Oakville detached prices sit well above the GTA average, and demand across pockets like Glen Abbey, Bronte, and River Oaks continues to reward homes that are priced and presented well.

How is the Mississauga market doing?

Mississauga’s composite benchmark was $887,200 in June, down 6.1% year over year. Detached homes benchmarked at $1,285,100 (down 6.1%) and freehold townhomes at $891,900 (down 6.5%). Condominiums were softer, with condo townhouses at $695,500 (down 8.8%) and apartments at $503,200 (down 8.7%). The gap between freehold and condo values is worth watching for anyone weighing a move between the two.

Is Milton still the value play?

Milton posted the smallest decline of the three softer markets. Its composite benchmark was $877,300, down 4.8% year over year, with detached homes at $1,174,800 (down 5.9%) and townhomes at $620,200 (down 6.1%). Milton continues to offer the lowest detached benchmark of the four markets, which keeps it firmly on the radar for families and first-time buyers looking for newer stock at a friendlier entry point.

Why is Burlington outperforming the rest?

Burlington is the clear standout. Its composite benchmark was $871,400 in June, down just 2.0% year over year, and detached homes were nearly flat at $1,237,100 (down only 0.7%). Freehold townhomes actually rose, up 1.8% from a year ago to $917,500. While every other western market softened, Burlington held its ground, a reflection of steady demand for its lakeside setting and established neighbourhoods.

What does this mean if you are buying or selling in 2026?

If you are selling: demand has clearly returned, inventory is tighter than a year ago, and the price decline is easing. A well-priced, well-presented home is meeting real buyers right now, and if TRREB’s outlook holds, the second half could firm up further. Pricing to the current evidence, not last year’s peak, is what turns interest into offers.

If you are buying: prices are still modestly below last year, which keeps a window open, but competition is rising and choice is thinner than it was. Waiting for a clear bottom carries the risk that it passes while you watch. Acting on the right home, at a number that makes sense for you, tends to beat trying to time the market.

For both: the GTA headline hides a lot of variation. Burlington and Milton behaved very differently from Oakville and Mississauga in June, and freehold and condo values are moving at different speeds. The benchmark for your specific street and home type matters far more than the regional average.

Wondering what your home is worth in today’s market?

Let’s look at the numbers for your street and your type of home, not just the headline. Reach out anytime and we can talk it through. No pressure, just clarity.

Frequently asked questions

Are home prices going up or down in the GTA?

In June 2026 the average price was down 3.9% from a year earlier, so prices are still modestly lower year over year. The rate of decline has been easing, and with sales up about 9%, the market is showing signs of firming rather than falling further.

Which GTA market is holding its value best?

Burlington. In June 2026 its composite benchmark was down just 2.0% year over year, detached homes were nearly flat, and freehold townhomes actually rose about 1.8%, the strongest result among Oakville, Mississauga, Milton, and Burlington.

Is now a good time to sell?

Demand has returned and there are fewer homes on the market than a year ago, so a well-priced home is selling. The right list price depends on your local benchmark and your home type, which is where a tailored evaluation helps.

How do I find out what my home is worth?

The MLS Home Price Index benchmark for your area and property type is the starting point. A tailored market evaluation then adjusts for your home’s size, condition, updates, and location to give you a realistic range.

Where do these numbers come from?

All figures are from the TRREB Market Watch for June 2026, using MLS Home Price Index benchmark prices and board sales data. Market conditions change, so treat these as a June snapshot.

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Damir Strk is a Broker with RE/MAX Realty Specialists Inc., Brokerage, with more than 25 years helping buyers and sellers across Oakville, Mississauga, Milton, and Burlington. Market data source: Toronto Regional Real Estate Board (TRREB) Market Watch, June 2026.