08/20/2026
Everyone reported the wrong July number.
The headline was “prices down 4.5%.” Fine. But here is the one that actually matters: new listings across the GTA fell 17.8% compared to last July, while sales stayed flat.
Fewer homes. Same buyers. You know where that goes.
Slide 1 is Toronto, slide 2 is Oakville. A few things worth knowing:
Toronto is not one market. Semi-detached homes sold at 101% of asking in an average of 24 days. Condos, meanwhile, are the softest they have been in years, with the benchmark down 7.09% and over 5,000 units sitting active. Same city, opposite experiences.
Oakville is holding its premium at a $1.41M average, but buyers are taking their time. Listings averaged 38 days to sell with about five months of inventory. Real value, real patience required.
If you are buying, your window is still open. It is just narrower than it was in the spring, and it is closing fastest on low-rise.
If you are selling this fall, you have less competition on the shelf than you did a year ago. That is a genuine advantage, but only if the price is right from day one.
Averages will not match your street. Send me a DM with your neighbourhood and I will pull your actual numbers.