08/11/2026
📊 July 2026 GTA Market Report
The GTA housing market continued to tighten in July, with resale home sales remaining relatively stable, down just 0.9% year-over-year, while new listings dropped 17.8%. With fewer homes entering the market, buyers are facing increased competition and reduced negotiating power.
The average selling price was $1,003,956, down 4.5% compared to July 2025, while the MLS® Home Price Index declined 4.6% year-over-year. However, on a seasonally adjusted basis, home sales increased from June and inventory continued to shrink, indicating a market that is steadily becoming more competitive.
TRREB expects improving economic conditions, including stronger employment and economic growth, to boost consumer confidence in the months ahead. If listing inventory remains limited, home prices could begin to stabilize through the fall.
Whether you're buying, selling, or simply staying informed, understanding market trends is key to making confident real estate decisions.
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