Provincial Overview: Ontario Real Estate

Residential sales activity reported through the MLS® Systems of real estate boards in Ontario totalled 61,660 units over the first five months of the year, down slightly by 3.8% compared to the same period in 2025. Despite the year-over-year decline, home sales increased for the fourth consecutive month, signaling continued market momentum. The year-to-date average home price was $822,066, a 3.4% decrease from the first five months of last year, offering buyers improved affordability and more opportunities in a balanced market.
 
Spotlight On: London, ON
This Year (Year-to-Date)
Slower Annual Demand: Overall YTD sales activity sits at 2,746 transactions, representing a 3.4% decline compared to the same period in 2025.
Accumulating Supply: Slower sales throughout the winter and early spring have allowed active inventory to build, with average YTD active listings climbing 8.9% to 2,770 units.
Shifted Balance: The market; ...

 
Provincial Overview: Ontario Real Estate
 
Residential sales activity reported through the MLS® Systems of real estate boards in Ontario totalled 44,456 units over the first four months of the year, representing a moderate decrease of 4.7% compared to the same period in 2025. Despite softer sales activity, elevated inventory levels across the province continued to provide buyers with a wider selection of homes and greater flexibility in their purchasing decisions. During this same period, the comprehensive year-to-date average home price was recorded at $812,508, down 4.1% from the first four months of last year. As market conditions remain more balanced, buyers continue to benefit from increased availability and a less competitive environment compared to previous years.



 
Spotlight On: London, ON
 
This Year (Year-to-Date)
 

A Cooler Market: Sales are down 7.3% compared to last year, indicating quieter buyer activity.
Surging Invent ...

 
Residential sales activity reported through Ontario’s MLS® Systems reached a total of 29,529 units over the first three months of the year. This represents a 7.3% decline compared to the same period in 2025, suggesting that homebuyer demand has remained relatively quiet through the end of the first quarter. During this same period, the comprehensive year-to-date average price was recorded at $799,750, which reflects a moderate decrease of 5.3% from the first three months of last year. As inventory levels remain high, the market continues to offer more selection for buyers, contributing to the ongoing trend of subdued sales activity relative to long-term historical averages.

 
Residential sales activity recorded through Ontario’s MLS® Systems totalled 17,141 homes on a year-to-date basis during the first two months of the year. This represents a decline of 11.8% compared to the same period in 2025, indicating that homebuyer demand remained relatively subdued at the start of the year. At the same time, the more comprehensive year-to-date average home price was $791,598, reflecting a 5.7% decrease compared to the average price recorded during the first two months of last year. Despite the slowdown in sales activity, overall housing inventory remains above long-term historical norms, providing buyers with more options and contributing to more balanced market conditions across many regions of the province. ...

 
Home buying activity across Ontario opened the year on a quieter note, with 7,737 properties sold through local MLS® Systems in January 2026. That total reflects a 15.6% decline compared to January 2025, signaling softer demand despite a noticeable increase in available listings. The average resale home price across the province came in at $778,102 for the month, down 6.4% year-over-year. With more supply entering the market and buyers moving cautiously, early 2026 is shaping up to be a more balanced and price-sensitive environment.