TRREB July 2026- The GTA housing market showed clearer signs of a shift in July, as a sharp decline in new listings tightened conditions and increased competition among buyers.
With sales remaining relatively steady and considerably fewer new properties coming to market, the balance is beginning to shift — giving buyers less negotiating room and marking the early stages of a balanced market.
• 5,995 homes sold — virtually unchanged from July 2025. Sales have now increased for five consecutive months on a seasonally adjusted basis. This is the strongest indication that underlying buyer activity is gradually recovering.
• New listings dropped 17.8% compared with only a .9% decline in sales significantly tightening available supply.
• Average price: $1,003,956 — with signs the market may be finding its bottom as prices are approaching stabilization. TRREB’s 2026 price forecast is exactly where the market is now.
• The balance is shifting: tighter inventory and improving demand should set the stage for a more stable fall market.
• Affordability has improved substantially from the peak. GTA prices are lower and borrowing costs have fallen considerably from their highs, which gives buyers who have been waiting on the sidelines greater purchasing power.
ALSO NOTEWORTHY:
• Canada’s job market is strengthening: The unemployment rate fell to 6.4% — its lowest level since July 2024. A stronger employment picture should help give more prospective buyers the security they need to move forward with a home purchase.
• Interest rates are providing some much-needed stability: The Bank of Canada held its key policy rate at 2.25% in July. With borrowing costs now considerably lower than their 2024 peak, greater certainty around rates could encourage buyers who have been sitting on the sidelines to re-enter the market — adding further momentum to a fall recovery.
If you are considering a move in the next 6-12 months, contact us at 905 278-7355 for a Confidential Market Evaluation of your home.
