GTA listings fall as housing market tightens in July
The more consequential shift was on the supply side. New listings fell 17.8% year-over-year to 14,484, while total active listings declined 12.1% to 26,098.
With fewer homes entering the market, sales absorbed a larger share of available inventory, a dynamic TRREB president Daniel Steinfeld said is beginning to rebalance conditions in favour of sellers.
“With sales accounting for a larger share of listings, buyers may find there is less room to negotiate moving forward,” Steinfeld said.
“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.”
TRREB Market Data
GTA resale housing market — July 2026
Source: Toronto Regional Real Estate Board (TRREB) | *July 2025 figures calculated from TRREB’s stated year-over-year changes
| Metric | July 2025* | July 2026 | Change | Year-over-year |
|---|---|---|---|---|
| Activity | ||||
| Home sales | 6,049 | 5,995 | ▼ 54 units | ▼ 0.9% |
| New listings | 17,620 | 14,484 | ▼ 3,136 units | ▼ 17.8% |
| Active listings | 29,691 | 26,098 | ▼ 3,593 units | ▼ 12.1% |
| Pricing | ||||
| Average selling price | $1,051,263 | $1,003,956 | ▼ $47,307 | ▼ 4.5% |
| MLS® HPI Composite benchmark | — | — | — | ▼ 4.6% |
| Seasonally adjusted | ||||
| Sales, month-over-month† | — | — | — | ▲ 3.2% |
Data: TRREB MLS® System, August 6, 2026. *July 2025 baseline figures and absolute changes are calculated from TRREB’s stated year-over-year percentage changes and have not been independently verified against TRREB’s historical release. MLS® HPI Composite benchmark is an index value; the underlying index figure was not published in this release. †Month-over-month figure reflects seasonally adjusted sales from June to July 2026 and is not directly comparable to year-over-year figures above.
Prices remain under pressure despite tighter supply
Despite shrinking inventory, prices continued to retreat. The average selling price came in at $1,003,956, down 4.5% from July 2025.
