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The GTA housing market continued to evolve in July, with fewer new listings coming onto the market while home sales remained relatively stable. This shift is creating a tighter market, with conditions gradually becoming more balanced.
July 2026 Market Statistics
- Home Sales: 5,995 — down 0.9% compared to July 2025
- New Listings: 14,484 — down 17.8% year-over-year
- Active Listings: 26,098 — down 12.1% year-over-year
- Average Selling Price: $1,003,956 — down 4.5% year-over-year
Market Highlights
- 📉 Fewer New Listings: The significant decline in new listings is tightening the supply of homes available to buyers.
- 📊 Stable Sales: Home sales remained relatively steady, with sales accounting for a larger share of available listings.
- ⚖️ More Balanced Conditions: Buyers are beginning to face increased competition, which could mean less room to negotiate if current trends continue.
- 💰 Prices May Stabilize: Improving consumer confidence could support greater price stability in the months ahead.
- 📈 Fall Market Outlook: Stronger employment and economic conditions could encourage more buyers to return to the market, particularly if prices remain stable through the fall.
Looking Ahead
The GTA market is showing signs of gradually moving toward more balanced conditions. With fewer listings, relatively stable sales, and improving economic indicators, the fall market will be an important one to watch.
Whether you’re thinking about buying, selling, or simply keeping an eye on the market, I’m always happy to help you understand what these trends mean for your neighbourhood and your real estate goals.
