08/11/2026
TORONTO, ONTARIO, August 6 2026 - TORONTO, ONTARIO, July 3, 2026 – Greater Toronto Area (GTA) resale housing market conditions tightened in July
2026 compared the same month a year earlier. Home sales edged slightly lower over that period, while new listings were
down substantially. This suggests that active homebuyers faced more competition from other potential purchasers. If this
trend continues, average selling prices could level off in the second half of this year.
“With sales accounting for a larger share of listings, buyers may find there is less room to negotiate moving forward. If
current trends continue, home prices could start to level off compared to last year. Many would-be homebuyers are waiting
for confidence in the market and broader economy to improve before making a purchase. This includes more clarity on
tariffs, inflation and borrowing costs.” said TRREB President Daniel Steinfeld.
“While uncertainty about the economy and borrowing costs persists, recent news has been more positive than expected.
The latest readings on economic growth and jobs surprised to the upside. This could help bolster consumer confidence
and prompt an uptick in home purchases in the months ahead, especially if home prices stabilize as we move through the
fall,” said TRREB Chief Information Officer Jason Mercer.
Mrinal Kulkarni
☎️ 647-338-2386
📧 [email protected]
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