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 $988,600, with an average price of $958,510. Total sales reached 69, while new listings increased to 159, indicating a balanced market condition.

Market Analysis

The Toronto real estate market shows signs of balance as July 2026 concludes with a months of inventory (MOI) at 4.8, a slight decrease from June's 5.0. The sales-to-new-listings ratio (SNLR) stands at 43.4%, suggesting that while demand remains steady, it is not outpacing supply significantly. Year-over-year, prices have decreased by 7.3%, reflecting a cooling trend in the market as buyers continue to navigate a more favorable environment for negotiations.

Property Type Analysis

Data on specific property types remains unavailable for July 2026, but the overall market dynamics indicate that detached homes, attached/townhouses, and apartments are experiencing similar trends in demand and pricing. As the market stabilizes, buyers may find opportunities across various property types, depending on their preferences and budget.

Regional Highlights

Regionally, the increase in new listings to 159 suggests that sellers are responding to market conditions by bringing more properties to market. This influx may provide buyers with a broader selection, contributing to the balanced market environment. Active listings have decreased from 369 in June to 332 in July, indicating a slight tightening in available inventory.

For Buyers

For prospective buyers, the current market presents an opportunity to negotiate favorable terms, especially given the balanced conditions and the decrease in average prices. Buyers should remain vigilant in their search and be prepared to act quickly when suitable properties arise, as the number of active listings may fluctuate.

For Sellers

Sellers are encouraged to price their properties competitively, taking into account the current average price of $958,510 and the recent price decline of 7.3% year-over-year. With new listings on the rise, presenting a well-maintained home and being flexible with negotiations can enhance the chances of a successful sale in this balanced market.