08/10/2026
July Market Review
The GTA market stayed tight through the summer β fewer listings, steady sales, and prices that are quietly finding their floor. Here are the 3 things you need to know:
ποΈ Sales held nearly flat: 5,995 homes sold in July β essentially even with last year's 6,047. Meanwhile, new listings dropped 17.8%. Less supply with steady demand means the competition among buyers is quietly intensifying
ποΈ Prices are softening, but stabilizing: The average selling price came in at $1,003,956 β down 4.5% year-over-year, but the HPI benchmark edged up month-over-month from June. Detached homes GTA-wide averaged $1,291,690, while condos in the 416 sat at $672,807
ποΈ Inventory keeps shrinking: Active listings are down 12.1% from last July. Homes are averaging 32 days to sell β up slightly, but still a market where well-priced properties are moving. The floor is firming up
Summer is usually slow. This summer wasn't. If prices stabilize into the fall, the buyers sitting on the sidelines may find themselves competing instead of choosing. π β¨
Questions about your specific neighbourhood? DM me for a custom report! π©