The Greater Toronto Area (GTA) real estate market tightened in July because New Listing inventory fell and buyers faced increased competition in many neighbourhoods. While home sales were slightly lower than the same time last year, the drop in New Listings was much more significant, resulting in a larger share of available homes being sold and the market gradually becoming more balanced.
Although average selling prices remained below July 2025 levels, overall market activity suggests the pace of price declines is beginning to moderate.
Here are the detailed statistics from July:
GTA
Average Sales Price
June 2026 to July 2026: $1,058,658 to $1,003,956 (-5.1%).
July 2025 to July 2026: $1,051,600 to $1,003,956 (-4.5%).
The average GTA selling price declined by 5.1 percent from June to July 2026, reflecting typical seasonal softening as the market moved into the summer months. Compared to July 2025, prices were down 4.5 percent, although changes in market conditions suggest price declines may be levelling off as available inventory decreases.
Total Sales
June 2026 to July 2026: 6,770 to 5,995 (-11.4%).
July 2025 to July 2026: 6,047 to 5,995 (-0.9%).
GTA home sales declined by 11.4 percent from June to July 2026, reflecting the typical seasonal slowdown following the spring market. Compared to July 2025, sales were down just 0.9 percent, suggesting that buyer demand has remained relatively resilient despite ongoing economic uncertainty and stiffer market conditions.
New Listings
June 2026 to July 2026: 17,282 to 14,484 (-16.1%).
July 2025 to July 2026: 17,623 to 14,484 (-17.8%).
Active Listings
June 2026 to July 2026: 27,329 to 26,098 (-4.5%).
July 2025 to July 2026: 29,707 to 26,098 (-12.1%).
New Listings in the GTA declined by 16.1 percent from June to July 2026 and were 17.8 percent lower than July 2025, indicating that fewer homeowners chose to list their properties as the summer market progressed. Active Listings also decreased, down 4.5 percent month-over-month and 12.1 percent year-over-year, reinforcing the trend of shrinking inventory and reduced choice for buyers.
Toronto
Average Sales Price
June 2026 to July 2026: $1,081,375 to $1,010,836 (-6.5%).
July 2025 to July 2026: $1,044,576 to $1,010,836 (-3.2%).
Average selling prices in the City of Toronto declined by 6.5 percent from June to July 2026, a typical summer-month slowdown. Compared to July 2025, prices were down 3.2 percent, although the more modest year-over-year decline implies that values are stabilizing as inventory continues to decrease.
Total Sales
June 2026 to July 2026: 2,443 to 2,242 (-8.2%).
July 2025 to July 2026: 2,205 to 2,242 (+1.6%).
Total Sales in the City of Toronto fell by 8.2 percent from June to July 2026. Despite the month-over-month decrease, Total sales were up 1.6 percent compared to July 2025, signifying that buyer demand has remained relatively steady.
New Listings
June 2026 to July 2026: 6,096 to 4,980 (-18.3%).
July 2025 to July 2026: 6,008 to 4,980 (-17.1%).
Active Listings
June 2026 to July 2026: 10,047 to 9,310 (-7.3%).
July 2025 to July 2026: 10,933 to 9,310 (-14.8%).
New Listings in the City of Toronto declined by 18.3 percent from June to July 2026 and were 17.1 percent lower than July 2025, indicating that significantly fewer properties came to market as the summer season progressed. Active Listings also decreased, down 7.3 percent month-over-month and 14.8 percent year-over-year, reinforcing the development of shorter inventory and fewer homes available for buyers to choose from.
SNLR – Sales to New Listings Ratio (June to July) – The number of Total Sales that occur (supply coming off the market) to New Listings coming on (supply coming onto the market).
GTA: 36.5% to 37.1%
City of Toronto: 37.4% to 38.1%
= Buyer’s Territory
40-60% indicates a balanced market, and under 40% is buyer’s market territory. We’ve been in this range in the GTA since August 2023. Overall, buyers currently have more leverage and opportunities than sellers.
Outlook
The GTA market continues to move toward more balanced conditions as available inventory declines and buyer competition gradually increases. While affordability remains better than last year, continued closing of the gap between New Listings and Total Sales could support price stabilization through the second half of 2026, particularly if buyer confidence strengthens alongside improving economic conditions.
While it’s still summer, I answered questions about beating the fall real estate rush, and would love to answer any additional questions you have about your unique situation!
Thinking of moving to the next stage? Let’s chat. Send me an email (hillary@hillarylane.ca) or text/phone (416-882-4707).
