08/18/2026
July numbers are in for the GTA and the market kept tightening through the summer.
Home sales were essentially flat compared to last July, down just 0.9%. The real story is on the supply side: new listings fell nearly 18% and active listings were down more than 12%. Fewer homes are coming onto the market, even as buyers keep transacting at roughly the same pace as a year ago.
Prices are still below last year’s levels, for now. The average GTA home sold for $1,003,956 in July, down 4.5% year-over-year. But TRREB’s own read is that if the current trends of fewer new listings and tighter competition holds, then prices could start to level off compared to last year rather than continue falling.
Homes are taking a bit longer to sell, with average days on market up to 32 (from 30). So there’s still some breathing room, just less of it than a few months ago.
Listings are drying up faster than sales are slowing, and TRREB’s own view is that this could mean less negotiating room for buyers if the trend continues, even with prices still down year-over-year today.
If you’re thinking about buying, selling, upsizing or downsizing, let’s talk about what the market looks like for your specific situation.
