Greater Toronto home sales tick lower in July as prices fall: real estate board
By Sammy Hudes
The region saw 5,995 homes change hands last month, down 0.9% from July 2025, however sales rose 3.2% from June on a seasonally adjusted basis.
The Toronto Regional Real Estate Board says the average selling price decreased 4.5% year-over-year to $1,003,956, and the composite benchmark price, meant to represent the typical home, was down 4.6%.
There were 14,484 new listings on the market in July, down 17.8% from last year.
TRREB president Daniel Steinfeld said that with sales accounting for a larger share of listings, buyers “may find there is less room to negotiate moving forward.”
“If current trends continue, home prices could start to level off compared to last year,” he said in a news release.
“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.”
Inventory fell 12.1% as there were 26,098 total active listings in the GTA.
Within the City of Toronto, TRREB said there were 2,242 sales last month, up 2.4% from July 2025. Across the rest of the GTA, home sales were down 2.7% to 3,753.
All housing types saw lower activity overall throughout the region last month, except for detached homes, which saw a 0.6% uptick in year-over-year sales.
The largest drop in sales was for semi-detached homes, down 5.9%, followed by a 2.7% drop in townhouse sales. Condo activity had a slight decline of 0.1%.
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Last modified: August 6, 2026
