Toronto's housing market saw a 19.3% drop in home sales and a 6.5% decline in average prices in January, with the MLS Home Price Index down 8%. New listings fell 13.3%, while active inventory rose 8.1%, leading to longer market times. Sales and prices declined across all home types. Buyer interest weakened, with only 22% planning to buy in 2026. Affordability improved, but economic uncertainty continues to suppress demand.
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