The GTA housing market has now gained momentum for several consecutive months. In June, TRREB recorded 6,770 sales, representing a 9.4% increase from June 2025. New listings moved in the opposite direction, falling 12.9% to 17,282. That combination—more sales and fewer new listings—is often an early sign that buyers are beginning to lose some negotiating power.
Prices have not returned to peak-market conditions, which is what makes the current moment interesting. Buyers may still find motivated sellers, conditional offers and opportunities to negotiate on homes that have remained available longer than expected. However, well-priced properties in desirable neighbourhoods may already be receiving stronger attention.
Waiting can provide more certainty, but it can also create a different risk. Buyers who postpone their search until everyone agrees the market has recovered may face more competing offers and less time to make decisions. The best buying opportunities often appear while the public is still uncertain—not after confidence has fully returned.
That does not mean every buyer should rush. Condos, detached homes and suburban properties can behave very differently, even within the same municipality. A home that is overpriced may still offer negotiating room, while an attractive property listed accurately may sell quickly. The decision should be based on the local neighbourhood and property type, not a single GTA-wide headline.
For financially prepared buyers, this may be the time to become serious rather than simply watch listings. Securing the right property at a manageable payment can be more valuable than trying to identify the exact bottom of the market—a moment that normally becomes obvious only after it has passed.