GTA Real Estate Update: What July's Numbers Mean for You
TRREB Market Report Highlights - July 2026
Balanced Market. Summer Slowdown. Buyer Confidence.
ChatGPT said
- Home sales reached 5,995 transactions, down 0.9% year over year
- New listings totaled 14,484, down 17.8% year over year
- Average selling price came in at $1,003,956, down 4.5% compared to July 2025
- The Big Picture: The GTA housing market remained steady in July despite the usual summer slowdown. While sales were slightly lower than last year, fewer new listings helped tighten inventory and create a more balanced market.
- Home prices remain below last year’s levels but have stabilized, and improving affordability continues to support buyer confidence. If inventory stays limited, competition could increase this fall.
- What does this mean for you?
- Sellers: With fewer homes on the market, well-priced and well-presented properties continue to attract strong buyer interest.
- Buyers: Prices remain below last year’s levels, but inventory is tightening. Being pre-approved and ready to act can give you an advantage.
Want more details? Check out TRREB's full report here.
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July 2026 vs. July 2025
July 2026 vs. June 2026
