New home sales in the Greater Toronto Location stayed at historical lows in January 2026, according to brand-new information launched Tuesday by the Building Industry and Land Advancement Association (BILD).
There were just 269 new homes offered throughout the GTA in January, down 36% from January 2025 and 80% below the 10-year average of 1,339 units for the month, based upon data from Altus Group, BILD’s main source for new home market intelligence.
“GTA new home sales began 2026 the same method they ended 2025 with another record low for the month,” said Edward Jegg, Research Study Manager at Altus Group. “The sustained nature of the new home slowdown has actually been underpinned by the combination of cost issues and failing consumer confidence.”
Condominium house sales were especially weak, with simply 85 systems sold in January. That figure represents a 50% decline year-over-year and sits 89% listed below the 10-year average. Single-family home sales– including removed, semi-detached, and townhouses (omitting stacked townhouses)– totalled 184 systems, down 26% from January 2025 and 68% listed below the long-lasting average.Despite subdued sales
, overall staying inventory altered little month-over-month, standing at 20,557 units in January. This includes 14,731 condominium apartments and 5,826 single-family homes, representing 26 months of inventory based upon average sales over the past year– the highest level recorded to date.BILD alerts that without improved market certainty and stronger consumer confidence, the slowdown might have more comprehensive economic consequences.”In order to turn these figures around we need market certainty paired with steps to
support customer confidence to move purchasers off the sidelines,”stated Justin Sherwood, Chief Operating Officer at BILD.”Without that, we will continue to see record-low home sales and this will have significant employment and financial effects throughout the region.”Benchmark prices revealed combined movement. The benchmark cost for new condo apartments in the GTA was$1,027,486 in January, holding at what BILD referred to as an apparent rate flooring. On the other hand, the benchmark cost for new single-family homes fell 10%over the previous 12 months to$ 1,397,358. In Simcoe County– which BILD began consisting of information from in 2025– January saw 22 single-family brand-new home sales and no condo house sales.
The weighted typical rate of brand-new single-family homes in the area was$1,153,588.