The average selling price of a home in January was $973,000, down 6.5% from the same time last year and down 27 per cent since the February 2022 peak. January sales took a nosedive with sales down 19.3 per cent year over year. Today, the Toronto Real Estate Board released its Market Outlook Report. Here is what the Board is expecting for sales and prices in 2026. Improved affordability and elevated listings will shape the market this year.  Buyers will benefit from substantial choices and therefore, negotiating power, which will keep a lid on price growth and affordability in check, particularly in the first half of the year. Sales activity will improve in the second half of the year as consumer confidence picks up. Overall, strong supply relative to demand should initially keep price growth modest even as market conditions improve in the second half of the year.