At a glance: 3,082 homes sold across the GTA in January 2026, down 19.3% from a year ago, and the average price was $973,289, down 6.5%. Buyers had 8.1% more homes to choose from, and Toronto homes took about 45 days to sell. It was a quiet month that favoured prepared buyers.
January is when most people are still recovering from the holidays, and the market felt it too. Fewer people were out shopping for homes this month. For anyone who was, that quiet worked in their favour.
Sales slowed right down. 3,082 homes sold across the GTA in January, down 19.3% from a year ago. The average price was $973,289, down 6.5%.
Buyers had more to choose from. There were 8.1% more homes on the market than last January. In Toronto, homes took about 45 days to sell and sold for 97% of their asking price on average.
Not every neighbourhood felt the same. Toronto East had only 3.7 months of supply, and homes there sold right at asking. Toronto Central had 6.0 months, so buyers there had much more room to negotiate.
So what does this mean for you?
Buying? Winter buyers face less competition and sellers who are serious about moving. If you're ready, this is a good time to make a confident offer with your conditions included.
Selling? Buyers who shop in January are motivated. Make sure your home shows warm and bright, and price it for today's market, not last spring's.
Thinking about a move this year? A quick conversation now can save you a lot of guesswork in the spring. Reach out anytime and I'll reply within 24 hours.
Get my free home evaluation | Contact Tyler
Source: TRREB Market Watch, January 2026.
