Greater Toronto Area (GTA) resale housing market conditions tightened in July 2026 compared the same month one year ago. Home sales edged slightly lower over that period, while new listings were down substantially. According to the Toronto Regional Real Estate Board (TRREB), this suggests that active homebuyers faced more competition from other potential purchasers.
“With sales accounting for a larger share of listings, buyers may find there is less room to negotiate moving forward,” said TRREB President Daniel Steinfeld. “If current trends continue, home prices could start to level off compared to last year. Many would-be homebuyers are waiting for confidence in the market and broader economy to improve before making a purchase. This includes more clarity on tariffs, inflation and borrowing costs.”
There were 5,995 home sales in July 2026 – a slight year-over-year decrease of 0.9 per cent. New listings amounted to 14,484 – down by 17.8 per cent. Condo sales were down overall by 0.1 per cent at a total 1,564. The decrease was mainly reported outside Toronto, where 510 condos sold across the 905 area code. Townhome sales were also down overall by 2.7 percent, but increased in Toronto by 8.7 per cent.
On a seasonally adjusted basis, July 2026 home sales were up month-over-month compared to June 2026, while new listings were down, which means market conditions continued to tighten during the summer.
In the condo market, the average price in the GTA for a unit went down by 2.3 per cent to $636,323, with a higher percentage decrease outside the City of Toronto by 5 per cent. The price of a townhouse across the GTA in July averaged at $817,213, down 3.9 per cent.
The Home Price Index Composite benchmark was down by 4.6 per cent year-over-year in July. The average selling price, at $1,003,956, was down by a similar annual rate of 4.5 per cent. On a month-over-month seasonally adjusted basis, HPI Composite edged up compared to June 2026, whereas the average selling price was slightly lower.
“Removing remaining municipal roadblocks to attainable housing is a pressing issue in the GTA and Simcoe County,” said TRREB CEO John DiMichele. “Restrictive zoning, outdated rules, high taxes and fees, and approval delays are making housing more expensive and are key issues in the upcoming municipal election. They add tens of thousands of dollars to the cost of every home and need to be reformed.”
