08/08/2026
Greater Toronto Area housing update (July 2026):
๐ก 5,995 home sales, down 0.9% YoY
๐ 26,098 active listings, down 12.1% YoY
๐ฐ Average selling price: $1,003,956, down 4.5% YoY
๐ MLSยฎ HPI Composite benchmark: down 5.0% YoY
The Greater Toronto Area resale housing market tightened in July 2026 compared to July 2025. Sales edged lower year-over-year, while new listings declined substantially.
GTA REALTORSยฎ reported 5,995 home sales through TRREBโs MLSยฎ System in July 2026, a decrease of 0.9% compared to July 2025. New listings entered into the MLSยฎ System amounted to 14,484, down 17.8% year-over-year.
The average selling price was $1,003,956, down 4.5% compared to July 2025. The MLSยฎ HPI Composite benchmark was down 5.0% year-over-year.
If market conditions continue to tighten in the second half of 2026, selling prices could move in line with 2025 and eventually post some increases.
๐ For more information about buying, selling, or investing in real estate, call 416-508-6746.