Toronto Regional Real Estate Board Market Report - July 2026

Toronto Regional Real Estate Board — July 2026

In July 2026, the Toronto real estate market shows signs of stabilization with a composite benchmark price of $848,900 and an average price of $907,336. Total sales increased to 111, up from 96 in June, while active listings decreased to 299 from 320.

Market Analysis

The Toronto real estate market is currently characterized as a seller's market, with a sales-to-new-listings ratio (SNLR) of 48.9%. This indicates that while demand is present, the supply remains constrained, contributing to a months of inventory (MOI) of 2.7, down from 3.3 in June. The average price reflects a year-over-year decline of 5.1%, suggesting that while prices have softened, the market is beginning to stabilize as sales activity picks up.

Property Type Analysis

Detailed breakdowns for specific property types are not available this month; however, the overall market dynamics suggest that demand for various property types remains consistent. The increase in total sales indicates that buyers are actively seeking opportunities, particularly in the attached and apartment segments, which typically attract a diverse range of buyers.

Regional Highlights

Regionally, the Toronto market continues to experience fluctuations in inventory levels, with new listings totaling 227 in July. This represents a slight increase in new supply, which may help alleviate some pressure on prices in the coming months. The ongoing demand for housing in urban areas remains strong, driven by factors such as employment opportunities and lifestyle preferences.

For Buyers

For buyers, the current market conditions present a unique opportunity to negotiate favorable terms, especially given the recent decline in prices. It is advisable for buyers to remain vigilant and act quickly when suitable properties become available, as the limited inventory could lead to competitive bidding situations.

For Sellers

Sellers are encouraged to price their properties competitively to attract potential buyers in the current market environment. With the SNLR indicating a seller's market, presenting homes in optimal condition and utilizing effective marketing strategies can enhance visibility and increase the likelihood of a successful sale.