Greater Toronto home sales tick lower in July as prices fall: real estate board
TRREB said 5,995 homes sold in July as new listings dropped 17.8% and inventory fell 12.1%, increasing competition among buyers.
- In July 2026, the Greater Toronto Area resale housing market saw 5,995 home sales, down 0.9 per cent from July 2025, while new listings dropped 17.8 per cent to 14,484.
- As new listings fell substantially, active homebuyers faced increased competition compared to the same month last year. TRREB President Daniel Steinfeld noted buyers may find reduced room to negotiate moving forward.
- The average selling price reached $1,003,956, marking a 4.5 per cent year-over-year decline, while the HPI Composite benchmark fell 4.6 per cent and active inventory decreased 12.1 per cent to 26,098 listings.
- If home prices stabilize through the fall, it could bolster consumer confidence and prompt an uptick in purchases, said TRREB Chief Information Officer Jason Mercer.
- TRREB CEO John DiMichele argued that removing municipal roadblocks remains essential for the GTA and Simcoe County, citing restrictive zoning and approval delays that add tens of thousands of dollars to home costs.
11 Articles
11 Articles
GTA Housing Market Tightens in July and Sets the Stage for Price Stability
TORONTO, Aug. 06, 2026 (GLOBE NEWSWIRE) — Greater Toronto Area (GTA) resale housing market conditions tightened in July 2026 compared the same month a year earlier. Home sales edged slightly lower over that period, while new listings were down substantially. This suggests that active homebuyers faced more competition from other potential purchasers. If this trend […]
Windsor-Essex home sales down again in July
Fewer people are closing deals to purchase homes in Windsor-Essex, according to the local association of realtors.According to the July sales report from the Windsor-Essex County Association of Realtors (WECAR), 470 homes were sold last month, down from 538 homes sold in July 2025, for a decline of 12.6 per cent.Sales are also down year-to-date, by 5.2 per cent in 2026, compared to the same seven months last year.Market activity was also down in…
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