08/10/2026
🏡 GTA REAL ESTATE MARKET UPDATE | JULY 2026
🚨 The GTA market is tightening — and buyers may be feeling the difference.
July brought an interesting shift. Home sales were almost unchanged from last year, but new listings dropped significantly.
📊 THE NUMBERS:
🏠 5,995 homes sold
↘️ Down 0.9% from July 2025
📋 14,484 new listings
↘️ Down 17.8% year-over-year
💰 Average Selling Price: $1,003,956
↘️ Down 4.5% year-over-year
📉 MLS® HPI Benchmark Price
↘️ Down 4.6% year-over-year
WHAT DOES THIS MEAN? 👇
There are fewer homes coming onto the market while buyer demand has remained relatively steady.
On a seasonally adjusted basis, July sales increased compared with June, while new listings declined — meaning market conditions continued to tighten through the summer.
With sales accounting for a larger share of available listings, buyers could have less room to negotiate if this trend continues.
🔮 WHAT COULD HAPPEN NEXT?
If current trends continue into the fall, home prices could begin to stabilize compared with last year.
Many buyers are still waiting for more certainty around inflation, tariffs, borrowing costs and the broader economy.
However, recent economic and employment data has been stronger than expected. If consumer confidence improves, we could see more buyers return to the market, particularly if prices stabilize.
👉 Are we approaching a turning point in the GTA housing market?
For buyers, waiting for the “perfect” opportunity could become more challenging if competition continues to increase.
For sellers, fewer competing listings could create a more favourable environment — but pricing correctly remains critical.
📍 Thinking about buying or selling?
The GTA is a huge market, and conditions can vary significantly from one neighbourhood to another.
📲 Message me for a current market analysis and let’s talk about what these numbers mean for your specific property.
647-880-4827 📞
BrandonVanTol.ca
[email protected]
