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TRREB and Greater Vancouver REALTORS' June 2026 data shows both markets falling 5-6% year-over-year on a benchmark-price basis, even as sales climbed roughly 9-10% in each city.
Metro Vancouver's composite benchmark home price in June 2026
— versus $940,800 for the Greater Toronto Area, both down 5-6% year-over-year even as sales rose in both regions.
TRREB, Market Watch, June 2026; Greater Vancouver REALTORS, June 2026 market statistics
Vancouver detached homes command the highest benchmark of any category in either market.
MLS Home Price Index benchmark prices by property type, June 2026, in thousands of dollars. Toronto figures cover All TRREB Areas; Vancouver figures cover Metro Vancouver (Greater Vancouver REALTORS). Sources: TRREB, Market Watch, June 2026; Greater Vancouver REALTORS, June 2026 market statistics.
Both cities are down year-over-year, but sales are rising: Toronto's composite benchmark fell 5.39% YoY to $940,800 while sales rose 9.4% to 6,770; Vancouver's composite fell 6.0% YoY to $1,099,100 while sales rose 9.6% to 2,390.
Vancouver detached remains in a league of its own: the $1,842,900 detached benchmark is roughly 50% above Toronto's $1,230,500 detached benchmark, and posted the steepest year-over-year decline of any Vancouver category at -7.1%.
Apartments are the softest segment in both markets: Toronto apartments fell 8.20% YoY to $537,300, the largest decline of any Toronto category, while Vancouver apartments fell 7.1% YoY to $695,200.
Listings are tightening even as prices soften: Toronto new listings fell 12.9% YoY even as sales rose, and Vancouver's sales-to-active ratio held at 14.6% with 17,017 active listings — conditions both boards describe as gradually tightening through the spring.
| Property type | Toronto benchmark | Toronto YoY | Vancouver benchmark | Vancouver YoY |
|---|---|---|---|---|
| Composite | $940,800 | -5.39% | $1,099,100 | -6.0% |
| Detached | $1,230,500 | -5.27% | $1,842,900 | -7.1% |
| Townhouse/Attached | $680,100 | -7.43% | $1,046,200 | -5.0% |
| Apartment | $537,300 | -8.20% | $695,200 | -7.1% |
Toronto figures are MLS HPI benchmark prices for All TRREB Areas (townhouse figure is TRREB's single-family attached category shown as townhouse). Vancouver figures are MLS HPI benchmark prices for Metro Vancouver, with townhouse/attached combining Greater Vancouver REALTORS' attached category. Sources: TRREB, Market Watch, June 2026; Greater Vancouver REALTORS, June 2026 market statistics.
year-over-year increase in Toronto (GTA) sales, June 2026, even as prices fell
TRREB
year-over-year increase in Metro Vancouver sales, June 2026, though still 12.4% below the 10-year seasonal average
GVR
decline in the price of a typical Canadian home in the 12 months to May 2026, per the Bank of Canada
Bank of Canada
how far the typical Canadian home price remains below its 2022 peak, per the Bank of Canada
Bank of Canada
Toronto and Vancouver are still Canada's highest-value, most rate-sensitive markets — and the Bank of Canada's Financial Stability Report flags condo pricing in exactly these two cities as where the correction has run deepest. Brokers working GTA and Metro Vancouver files are qualifying larger loan amounts against softer prices, which raises the stakes on getting the stress-test and underwriting math right the first time.
Last updated August 2, 2026. Each figure carries its source; projections are labelled. Page reviewed on every major source release. Information only — not advice.
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