January 2026 GTA Market Update: A Market of Extremes by Property Type

January 2026 showed what many buyers and sellers are already noticing: the market isn’t one segment anymore; it varies by property type and city.

Across Mississauga, Brampton, Milton, Oakville, Burlington, and Vaughan, freehold homes are selling well, while condos continue to struggle with high supply and uneven pricing.

Freehold Homes: Stability with Selective Strength

Detached homes in most areas show 4 to 6 months of inventory, indicating a generally balanced market. Some regions, especially Vaughan and Oakville, experienced sharp month-over-month price changes, but absorption rates remain steady. This tells us that demand is still there; buyers are just more price-sensitive and less willing to overpay.

Townhouses and semi-detached homes are the most competitive sectors. Milton and Burlington performed well in January, showing strong absorption rates and significant price increases, which reflects the ongoing demand for family-friendly homes at more affordable prices.

Condos: Supply-Heavy, Buyer-Focused

The condo situation remains the same across the GTA:

High inventory levels

Lower absorption rates

Volatile price changes

Milton, Brampton, Vaughan, and Oakville all reported high months of inventory for condos, proving that buyers have options and some negotiation power. Although a few markets saw short-term price increases, the general outlook stays cautious as investors become more selective and end-users take their time.

What January Tells Us Moving Forward

Buyers dominate the condo market and are gaining bargaining power in more expensive detached sectors.

Sellers need to be realistic about pricing; the days of testing the market are over.

Move-up buyers might find rare chances as price differences between condos, townhouses, and detached homes narrow.

January’s data sets the stage for early 2026: a strategic market where understanding inventory and absorption is crucial, rather than just focusing on headlines.