The Greater Toronto Area (GTA) housing market showed signs of tightening in February 2026, largely due to a significant drop in the number of homes being listed for sale. While home sales were slightly lower compared to the same time last year, new listings declined at an even faster pace, which may eventually lead to increased competition among buyers.

According to the Toronto Regional Real Estate Board (TRREB), there were 3,868 home sales across the GTA in February 2026, representing a 6.3% decrease compared to February 2025. However, the number of new listings entering the MLS® system dropped 17.7% year-over-year, with 10,705 new properties hitting the market.

Industry analysts believe the slowdown in listings is connected to current seller hesitation and broader economic uncertainty, including interest rate concerns and international trade developments. Despite this pause in activity, there remains significant pent-up demand in the housing market, with more than 100,000 buyers waiting on the sidelines for the right time to purchase.

If new listings continue to decline heading into the spring real estate market, buyer competition could increase and provide support for home prices in the second half of 2026.

Local Insight from the Kaizen Real Estate Team

For buyers and sellers in Markham, understanding these GTA-wide trends is critical when making real estate decisions in 2026.

Michael John Lau and Neeraj Moolchandani of the Kaizen Real Estate Team closely track market conditions to help clients navigate shifting inventory levels, pricing trends, and buyer demand across Markham and York Region.

As the market transitions into the spring season, their strategy focuses on data-driven pricing, targeted marketing, and negotiation expertise to ensure sellers maximize value and buyers secure the right opportunities in a changing market environment.

With fewer listings entering the market, sellers who price their homes strategically may find less competition and more motivated buyers, while buyers may benefit from improved negotiating conditions compared to previous years.

Markham Real Estate Statistics – February 2026

The Markham housing market continues to show balanced conditions, offering opportunities for both buyers and sellers.

Key Markham Market Data

• Home Sales: 182

• Total Dollar Volume: $194,544,843

• Average Sale Price: $1,068,928

• Median Sale Price: $1,052,500

Inventory & Supply

• New Listings: 427

• Active Listings: 800

• Months of Inventory: 4.7

Market Performance Metrics

• Sales-to-New Listings Ratio: 35.2%

• Average Sale-to-List Price: 98%

• Average Days on Market (LDOM): 40 days

• Average Property Days on Market (PDOM): 55 days

With 4.7 months of inventory, Markham currently sits within a balanced real estate market.

In a balanced market:

• Buyers have more options and negotiating power than during peak seller markets.

• Sellers can still achieve strong results if homes are priced correctly and marketed effectively.

What the February 2026 Market Means for Buyers

Buyers in Markham currently have more time to evaluate properties compared to the highly competitive markets seen in 2021 and 2022.

Key advantages for buyers include:

✔ More homes available to choose from
✔ Fewer bidding wars compared to previous years
✔ Greater negotiating power on price and conditions
✔ Opportunity to secure properties in high-demand school zones and neighbourhoods

However, if listing activity continues to decline while demand remains strong, the market could tighten again as we move further into spring and summer 2026.

What the Market Means for Sellers in Markham

For homeowners considering selling, the key to success in today’s market is accurate pricing and strategic marketing.

Many sellers still make the mistake of overpricing their home, which can lead to longer days on market and price reductions later.

Homes that are:

• Properly priced

• Professionally marketed

• Positioned competitively within the market

are still attracting strong buyer interest.

With fewer listings entering the market, well-prepared sellers may benefit from reduced competition.

Long-Term Outlook for the GTA Housing Market

Real estate experts believe the long-term health of the GTA housing market depends on addressing the supply gap between condominium apartments and traditional single-family homes.

Industry leaders are calling for increased development of “missing middle” housing, which includes townhomes, duplexes, and mid-density housing options that provide more affordability for families entering the housing market.

Improving housing supply remains one of the largest challenges facing the GTA real estate market, and future government policy will likely play a major role in shaping market conditions over the next several years.

FAQs About the February 2026 Markham Real Estate Market

Is the Markham real estate market slowing down?

The market is not necessarily slowing but transitioning into more balanced conditions. Buyers have more options, while sellers must price strategically to attract offers.

What is the average home price in Markham in February 2026?

The average sale price in Markham was $1,068,928 in February 2026.

Is it a buyer’s or seller’s market in Markham?

With 4.7 months of inventory, Markham is currently considered a balanced market, meaning both buyers and sellers have opportunities.

Will home prices increase in 2026?

Market experts expect demand to return later in 2026, especially if economic conditions stabilize and more buyers re-enter the market.

Thinking of Buying or Selling in Markham?

Understanding local market trends is essential when making real estate decisions.

If you are considering buying, selling, or investing in Markham real estate, the Kaizen Real Estate Team can provide expert guidance and data-driven insights to help you succeed in today’s market.

📞 Call 647-370-8885
📧 Email [email protected]
🌐 Visit www.kaizenrealestate.ca
🗓️ Book a meeting today

Contact us today for a personalized market analysis or home evaluation.