Home sales and prices in the Greater Toronto Area have fallen off a cliff, and the trend continued in February with further declines.The Toronto Regional Real Estate Boards (TRREB) released its Feb. 2026 figures on Thursday, painting a grim picture for anyone looking to sell their GTA home in the near-term.Just 3,868 home sales were reported in February, marking a 6.3 per cent dip year-over-year from the 4,127 homes sold during the same period in 2025.Listings tumbled even further last month, dropping to 10,705 homes put up for sale — a shocking 17.7 per cent nosedive measured year-over year.TRREBDespite the drop in new supply, there has not been a corresponding increase in demand, and home prices continue to slide.TRREB reports that the average selling price dropped 7.1 per cent year-over-year in February to $1,008,968. Compared to the $1,086,586 average selling price registered the previous February, the average Toronto area home has lost a shocking $77,618 worth of market...