Toronto Regional Real Estate Board Reports July 2026 Market Trends: Prices Decline Amid Buyer Conditions

Toronto Regional Real Estate Board — July 2026

In July 2026, the Toronto Regional Real Estate Board reports a composite benchmark price of $1,162,500, reflecting a 5.7% decrease year-over-year. Total sales reached 49, with new listings totaling 140 and active listings at 298, indicating a market leaning towards buyers.

Market Analysis

The Toronto real estate market continues to exhibit buyer-friendly conditions as evidenced by a months of inventory (MOI) of 6.1, up from 5.5 in June. With a sales-to-new-listings ratio (SNLR) of 35.0%, the market shows signs of increased supply relative to demand, contributing to the downward pressure on prices. The average price in July stands at $1,125,840, suggesting that buyers are finding opportunities to negotiate better deals in a market characterized by rising inventory levels.

Property Type Analysis

Data on specific property types remains unavailable for July 2026. However, the overall market dynamics suggest that detached homes, townhouses, and apartments may all be experiencing similar pressures from increased inventory and buyer hesitance. As buyers navigate the market, they may find varying opportunities across different property types, depending on individual neighborhood conditions and property features.

Regional Highlights

Regionally, the Toronto market is witnessing a notable shift, with active listings remaining relatively stable at 298 compared to 299 in June. This slight increase in inventory, coupled with a decrease in sales from 54 in June to 49 in July, indicates a potential cooling trend that could continue if buyer interest does not pick up in the coming months.

For Buyers

For prospective buyers, the current market conditions present a favorable opportunity to negotiate prices and explore a wider range of options. With a higher number of active listings and a declining average price, buyers are encouraged to conduct thorough research and consider their long-term needs when making purchasing decisions.

For Sellers

Sellers should be mindful of the current market dynamics and the downward trend in prices. It is advisable to price properties competitively and be prepared for negotiations, as buyers may be more discerning in a market characterized by increased inventory and a lower sales-to-new-listings ratio.