What TRREB’s Leadership Is Saying
“After a slow start in the first quarter, we saw a marked improvement in home sales in the second quarter of this year,” said TRREB President Daniel Steinfeld in the June 2026 Market Watch report. “We expect accelerating transactions and more competition between buyers in the last six months of the year, helping to satisfy pent-up demand and ultimately resulting in renewed price growth.”
TRREB’s Chief Information Officer Jason Mercer added that if market conditions continue to tighten through the second half of 2026, “selling prices could move in line with 2025 and eventually post some increases.”
Why This Matters for Timing a Richmond Hill Listing
Sellers weighing whether to list now versus waiting are essentially choosing between today’s still-soft year-over-year pricing (average GTA price down 3.9% in June) against the possibility — not guarantee — of the price recovery TRREB’s own economists are forecasting for late 2026. There’s no universally correct answer; it depends on your own timeline, whether you’re also buying your next home in the same market, and how much certainty you need versus upside you’re willing to wait for.
What’s Already Working in Sellers’ Favour
- New listings were down 12.9% year-over-year in June — less competition from other sellers right now.
- Active listings fell 13.5% year-over-year — inventory is thinning.
- Average selling-price-to-list-price ratio held at 98% GTA-wide — well-priced homes are still transacting close to asking.
The Case for Not Waiting
Reduced competition from other sellers right now is a real, current advantage that a “wait for the recovery” strategy gives up — because if pricing does firm up in the second half of 2026 as TRREB expects, more sellers are likely to list at the same time, increasing competition again.
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.