08/07/2026
📊 July Market Numbers Are In
Here’s a quick look at how home prices and sales performed last month:
🏡 Detached Homes
• Average Price: $1,547,928 (↓ 1.5% YoY)
• Sales: 691 (↑ 2.8% YoY)
🏘️ Semi-Detached Homes
• Average Price: $1,122,326 (↓ 9.9% YoY)
• Sales: 233 (↓ 6.8% YoY)
🏠 Townhouses
• Average Price: $867,635 (↓ 6.0% YoY)
• Sales: 249 (↑ 8.7 % YoY)
🏢 Condos
• Average Price: $672,807 (↓ 1.6% YoY)
• Sales: 1,054 ( ↑ 3.3 % YoY)
📌 What this means:
July's market continued to favour buyers, with average prices declining across all major property types compared to the same time last year. Detached homes remained the most stable, with only a modest 1.5% year-over-year price decrease while sales increased 2.8%. Semi-detached homes experienced the largest price correction, down 9.9%, along with a 6.8% decline in sales. Townhouses saw prices decrease by 6.0%, but buyer demand remained strong, with sales rising 8.7%. Condo prices dipped slightly by 1.6%, while sales increased 3.3%, reflecting continued interest from buyers seeking more affordable entry points into the market.
For buyers, increased inventory, softer pricing, and greater negotiating power continue to create excellent opportunities. For sellers, buyers are still active, but achieving the best results depends on strategic pricing, thoughtful preparation, and a strong marketing plan to stand out in today's balanced market.
Thinking about making a move?
Let's talk strategy—not just timing.
NICK JAMES TEAM
Sales Representative
RE/MAX Hallmark Realty Ltd.
📞 416.699.9292 | ✉️ [email protected]
🔗 www.nickjamesteam.com
