Sales are picking up. Home sales totalled 2,390 in June, up 9.6% from June 2025. What's notable is that gains were broad-based — detached (+13.7%), attached (+11.4%), and apartments (+6.1%) all posted increases. That kind of across-the-board gain has been rare in recent years, when trends were usually mixed by home type.
Prices are holding, not rising — yet. The benchmark price for all residential properties sits at $1,099,100, down 6% year-over-year and essentially flat (-0.1%) from May. By segment:
Detached: $1,842,900 (down 7.1% year-over-year)
Townhouse/attached: $1,046,200 (down 5% year-over-year)
Apartment: $695,200 (down 7.1% year-over-year)
Inventory is still ample, but the trend is shifting. There are 17,017 active listings, down slightly from a year ago but still 30% above the 10-year seasonal average — meaning buyers still have plenty of choice. However, new listings coming to market dropped 6% year-over-year, suggesting the pace of new supply is slowing.
What this means: The sales-to-active-listings ratio — a key indicator of pricing pressure — sits at 14.6% overall. Historically, prices tend to soften when that ratio drops below 12%, and tend to rise when it climbs above 20%. At 14.6%, we're in a balanced zone, but the combination of rising demand and slowing new listings is one to watch. If that pattern holds, it could put upward pressure on prices in the months ahead.
Curious what this means for your specific neighbourhood or property type? I'm happy to run the numbers for you.
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