08/06/2026
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Home sales โ 0.9% vs last year (5,995 sales)
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New listings โ 17.8% (14,484 listings)
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Average price: $1,003,956 โ 4.5% year-over-year
๐ The GTA housing market continued to tighten in July as new listings dropped sharply while sales remained relatively stable compared to last year.
๐ Buyers still have more choice than in recent years, but shrinking inventory is gradually reducing negotiating power as competition begins to increase.
๐ Sales continued to account for a larger share of available listings, creating tighter market conditions and signalling a shift toward a more balanced market.
๐ Average home prices remained below last year's levels, but benchmark prices edged higher compared to June, suggesting prices may be starting to stabilize.
๐ฌ If current trends continue and buyer confidence improves, the second half of the year could see prices level off, with stronger demand potentially driving future price growth.
๐ While opportunities still exist for buyers, inventory is continuing to decline. Those waiting on the sidelines may face increased competition and fewer choices in the months ahead.
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Hamid Amirrad (๐๐ฐ๐๐ซ๐-๐๐ข๐ง๐ง๐ข๐ง๐ Realtor)
Right At Home Realty
๐ฒ (905) 923-0121
๐ฉ [email protected]