Greater Toronto Real Estate Market Report - July 2026

Greater Toronto (MLS® HPI) — July 2026

In July 2026, the Greater Toronto real estate market shows a composite benchmark price of $934,600, reflecting a 4.6% decrease from July 2025. The market remains balanced, indicating stable conditions for both buyers and sellers.

Market Analysis

The Greater Toronto real estate market continues to exhibit balanced conditions as of July 2026, with a composite benchmark price of $934,600. This represents a decline of 4.6% compared to the same month last year, when the benchmark was $980,100. The absence of data on total sales and new listings suggests a period of stabilization, where supply and demand are aligning more closely, preventing significant fluctuations in prices despite the year-over-year decline.

Property Type Analysis

When analyzing property types, the benchmark price for detached homes stands at $1,141,000, while attached/townhouses and apartments are priced at $673,200 and $535,200, respectively. The data indicates that while all property types are experiencing a decline in benchmark prices compared to the previous year, the detached segment remains the most expensive, reflecting its continued desirability in the market.

Regional Highlights

Regional trends in the Greater Toronto area reveal that the overall market is adjusting to a more balanced state. With the benchmark price decreasing from $940,800 in June 2026 to $934,600 in July 2026, the market is likely responding to a combination of economic factors and buyer sentiment, which may be stabilizing after previous volatility. This trend suggests that potential buyers may find more opportunities in the current market environment.

For Buyers

Prospective buyers are encouraged to take advantage of the current balanced market conditions. With benchmark prices showing a year-over-year decline, buyers may find favorable opportunities to negotiate and secure properties at competitive prices, particularly in the detached and attached home segments.

For Sellers

Sellers should be mindful of the current market dynamics and the recent decline in benchmark prices. It is advisable to price properties competitively and prepare for a potentially longer selling period. Highlighting unique features and maintaining property appeal can help attract buyers in this balanced market.