Toronto Regional Real Estate Board Reports Balanced Market in July 2026 with Average Price at $770,823

Toronto Regional Real Estate Board — July 2026

In July 2026, the Toronto Regional Real Estate Board reports a composite benchmark price of $698,600 and an average price of $770,823 across the market. Total sales reached 43, while new listings increased to 116, resulting in a balanced market condition with a sales-to-new-listings ratio of 37.1%.

Market Analysis

The Toronto real estate market in July 2026 demonstrates a balanced condition, characterized by a months of inventory (MOI) of 4.4. This indicates a healthy equilibrium between supply and demand, as the number of active listings stands at 190, slightly down from 196 in June. The increase in new listings to 116 suggests that sellers are responding to market conditions, while the total sales of 43 reflect a notable increase from 32 in the previous month, indicating a resurgence in buyer activity.

Property Type Analysis

Currently, detailed metrics for specific property types such as detached, attached/townhouses, and apartments are not available. However, the overall market dynamics suggest that buyers are exploring various options, as evidenced by the increase in total sales. The balanced market condition may encourage buyers to consider a wider range of property types, depending on their individual needs and preferences.

Regional Highlights

Regionally, the Toronto market continues to show resilience, with a year-over-year price change of -4.1%. This slight decline in prices may attract first-time buyers and those looking to upgrade, as affordability remains a key concern. The increase in active listings and new inventory could also provide more choices for buyers, fostering a competitive yet stable environment.

For Buyers

For prospective buyers, this is an opportune time to enter the market, given the balanced conditions and increased inventory. With an average price of $770,823, buyers should consider their budget carefully and explore various property types to find the best fit for their needs. Engaging with a knowledgeable real estate agent can provide valuable insights into the current market landscape.

For Sellers

Sellers are encouraged to capitalize on the current market dynamics by pricing their properties competitively. With 116 new listings coming to market, it is essential to present homes in the best possible light to stand out among the competition. Collaborating with a real estate professional can help sellers navigate pricing strategies and marketing approaches effectively.