Toronto Regional Real Estate Board Reports Balanced Market in July 2026

Toronto Regional Real Estate Board — July 2026

In July 2026, the Toronto Regional Real Estate Board reports a composite benchmark price of $1,058,600, with an average price of $1,131,324. Total sales reached 288, while new listings totaled 704, indicating a balanced market condition.

Market Analysis

The Toronto real estate market in July 2026 exhibits balanced conditions, characterized by a months of inventory (MOI) of 4.1. This is a slight increase from June's MOI of 3.3, suggesting that supply is keeping pace with demand, albeit with a notable decrease in total sales from 360 in June to 288 in July. The sales-to-new-listings ratio (SNLR) stands at 40.9%, indicating that while demand remains steady, it is not outpacing the influx of new listings, which have increased from 704 in June to 704 in July.

Property Type Analysis

Currently, detailed metrics for specific property types such as detached homes, attached/townhouses, and apartments are not available. However, the overall market shows a year-over-year price decline of 7.7%, which may impact various property types differently as buyers adjust their expectations and budgets in response to shifting market conditions.

Regional Highlights

Regionally, the Toronto market continues to reflect a balanced dynamic, with active listings remaining relatively stable at 1,168 compared to 1,172 in June. This stability in active listings, combined with the decrease in sales, suggests that buyers are taking a more cautious approach as they navigate the current economic landscape, which may be influencing their purchasing decisions.

For Buyers

For prospective buyers, this balanced market presents an opportunity to negotiate better terms and prices. With a variety of listings available, buyers are encouraged to conduct thorough research and consider their long-term needs, as the current market conditions may allow for favorable purchase agreements.

For Sellers

Sellers should be mindful of the current market dynamics and the year-over-year price decline of 7.7%. It is advisable to price properties competitively and be prepared for negotiations, as the increase in active listings may lead to more options for buyers, potentially extending the time on market.