Ontario MLS® home sales remain subdued despite strong levels of new supply to begin 2026
Residential sales activity reported through the MLS® Systems of real estate boards in Ontario numbered 7,737 units in January 2026. This was a substantial decrease of 15.6% from January 2025.
Home sales were 19.3% below the five-year average and 27.1% below the 10-year average for the month of January.
Nationally, home sales activity posted a substantial decline of 16.2% from year-ago levels in January 2026.
The average price of resale residential homes sold across the province in January 2026 was $778,102, decreasing by 6.4% from January 2025.
The national average price, by comparison, was down modestly by 2.6% on a year-over-year basis to $652,941 in January 2026.
The number of new listings on MLS® Systems of real estate boards in Ontario saw a substantial decrease of 10% from January 2025. There were 24,111 new residential listings in January 2026.
New listings were 12.3% above the five-year average and 17.5% above the 10-year average for the month of January.
Active residential listings numbered 46,714 units on the market at the end of January, a moderate gain of 8.3% from the end of January 2025. Active listings haven’t been this high in the month of January in more than a decade.
Active listings were 46.2% above the five-year average and 59.4% above the 10-year average for the month of January.
Months of inventory numbered 6 at the end of January 2026, up from the 4.7 months recorded at the end of January 2025 and above the long-run average of 3 months for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.
The dollar value of all home sales in the province in January 2026 was $6 billion, down sharply by 21% from the same month in 2025.
| Ontario Monthly Summary | ||||
|---|---|---|---|---|
| January 2026 | Residential Sales | Year-over-year % change | Residential Average Price | Year-over-year % change |
| Central1 | 3,303 | -19.1 | $987,922 | -6.0 |
| Eastern2 | 966 | -9.0 | $600,594 | -1.9 |
| Northeastern3 | 785 | -16.8 | $693,284 | -5.9 |
| Northern4 | 363 | -14.2 | $364,509 | 0.9 |
| Southern5 | 1,296 | -14.3 | $713,604 | -6.3 |
| Western6 | 1,024 | -10.5 | $562,033 | -4.8 |
| Ontario | 7,737 | -15.6 | $778,102 | -6.4 |
| Ontario Year-To-Date Summary | ||||
|---|---|---|---|---|
| YTD 2026 | Residential Sales | Year-over-year % change | Residential Average Price | Year-over-year % change |
| Central1 | 3,303 | -19.1 | $987,922 | -6.0 |
| Eastern2 | 966 | -9.0 | $600,594 | -1.9 |
| Northeastern3 | 785 | -16.8 | $693,284 | -5.9 |
| Northern4 | 363 | -14.2 | $364,509 | 0.9 |
| Southern5 | 1,296 | -14.3 | $713,604 | -6.3 |
| Western6 | 1,024 | -10.5 | $562,033 | -4.8 |
| Ontario | 7,737 | -15.6 | $778,102 | -6.4 |
1 Oakville-Milton, Greater Toronto
2 Cornwall, Kingston and Area, Ottawa, Renfrew County, Rideau-St. Lawrence
3 Bancroft & District, Barrie & District, Kawartha Lakes, Lakelands, Northumberland Hills, Peterborough and the Kawarthas, Quinte & District
4 North Bay, Saul Ste. Marie, Sudbury, Thunder Bay, Timmins, Cochrane & Timiskaming Districts
5 Brantford Region, Guelph & District, Hamilton-Burlington, Kitchener-Waterloo, Niagara Region, Simcoe, and Cambridge
6 Chatham-Kent, Grey Bruce Owen Sound, Huron Perth, London & St. Thomas, Sarnia-Lambton, Windsor-Essex, Woodstock-Ingersoll-Tillsonburg
BOARD & ASSOCIATION INFORMATION
The Ontario Real Estate Association represents nearly 100,000 brokers and salespeople who are members of the 29 real estate boards throughout the province. OREA serves its REALTOR® members through a wide variety of support services, educational programs, advocacy, standard forms, and other offerings.
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Cathy Polan
