The Headline Numbers
The Toronto Regional Real Estate Board’s June 2026 Market Watch report showed GTA REALTORS® recording 6,770 home sales — up 9.4 per cent compared to June 2025 — while new listings fell 12.9 per cent year-over-year to 17,282. Active listings at month-end sat at 27,329, down 13.5 per cent from a year earlier. The average GTA selling price was $1,058,658, down 3.9 per cent year-over-year, while the MLS® Home Price Index Composite benchmark was down 5.4 per cent.
TRREB President Daniel Steinfeld described June’s results as following the board’s 2026 outlook, which “called for a year of two halves,” with accelerating transactions and more buyer competition expected in the back half of 2026.
What It Means Locally
Richmond Hill sits within the broader “905” market that TRREB tracks alongside the City of Toronto’s “416” figures. Across the 905 region in June 2026, detached homes averaged $1,272,842 and condo apartments averaged $563,874 — both below their 416 counterparts, which is part of what continues to draw Toronto buyers north into York Region communities like Richmond Hill.
By Property Type
- Detached: 3,256 GTA-wide sales in June (+9.1% YoY), average price $1,364,204 (-2.0% YoY)
- Semi-Detached: 617 sales (+3.0% YoY), average price $1,038,973 (-4.6% YoY)
- Townhouse: 1,082 sales (+4.3% YoY), average price $844,579 (-3.1% YoY)
- Condo Apartment: 1,714 sales (+14.3% YoY), average price $630,688 (-9.5% YoY)
The Practical Takeaway for Richmond Hill
Every major property type saw sales activity increase year-over-year in June while prices remained below year-ago levels — a combination that tends to favour prepared, pre-approved buyers right now, while giving Richmond Hill sellers a genuinely improving backdrop compared to where the market stood earlier in 2026.
Thinking about your next move in Richmond Hill, Markham, or York Region? Contact Ray Azar for a confidential, no-obligation consultation and a current market analysis tailored to your property.