Average price — Mean sale price across all transactions. Sensitive to the mix of homes that sold.
$1,003,956
MoM −$54,702 −5.2% down $54,702, 5.2% versus June 2026 YoY −4.5% down 4.5% versus July 2025
Source: TRREB MarketWatch, July 2026
Greater Toronto Area · TRREB MarketWatch
GTA Real Estate Market Report
July 2026
In July 2026 the average selling price across the Greater Toronto Area fell 5.2% to $1,003,956 versus June 2026, and sales dropped 11.4% to 5,995, though a summer slowdown is the seasonal norm.
Headline indicators
All TRREB areas · all home types
Median price — The midpoint sale price. Less affected by a few very high or low sales than the average.
$860,000
MoM −$30,000 −3.4% down $30,000, 3.4% versus June 2026 YoY −5.5% down 5.5% versus July 2025
MLS® HPI benchmark — Quality-adjusted price for a typical home. The cleanest like-for-like price signal.
$934,600
MoM −$6,200 −0.7% down $6,200, 0.7% versus June 2026 YoY −4.6% down 4.6% versus July 2025
Sales — Firm transactions reported through the MLS® System during the month.
5,995
MoM −775 −11.4% down 775, 11.4% versus June 2026 YoY −1.7% down 1.7% versus July 2025
Dollar volume — Total value of all sales in the month.
$6.02B
MoM −$1,148,398,434 −16.0% down $1,148,398,434, 16.0% versus June 2026 YoY −6.2% down 6.2% versus July 2025
New listings — Properties newly listed during the month.
14,484
MoM −2,798 −16.2% down 2,798, 16.2% versus June 2026 YoY −17.8% down 17.8% versus July 2025
Active listings — Listings available at month end.
26,098
MoM −1,231 −4.5% down 1,231, 4.5% versus June 2026 YoY −13.6% down 13.6% versus July 2025
Avg. LDOM — Average days on market for the current listing. Not reported before 2020.
32
MoM +3 days +10.3% up 3 days, 10.3% versus June 2026 YoY +6.7% up 6.7% versus July 2025
Avg. PDOM — Average days on market across the property’s consecutive listings. Not reported before 2020.
45
MoM +3 days +7.1% up 3 days, 7.1% versus June 2026 YoY +9.8% up 9.8% versus July 2025
Avg. SP/LP — Average sale price as a share of list price. Above 100% means competing offers were common.
97%
MoM −1.0 pp −1.0% down 1.0 pp, 1.0% versus June 2026 YoY −1.0% down 1.0% versus July 2025
SNLR — Sales-to-new-listings ratio, computed here from this month’s counts. Below 40% favours buyers, above 60% favours sellers.
41.4%
MoM +2.2 pp +5.7% up 2.2 pp, 5.7% versus June 2026 YoY +19.5% up 19.5% versus July 2025
Months of inventory — Active listings divided by monthly sales — how long the current stock would take to sell. Computed here, not TRREB’s trend figure.
4.3
MoM +0 +7.8% up 0, 7.8% versus June 2026 YoY −12.1% down 12.1% versus July 2025
The month in 60 seconds
- Across all TRREB areas, new listings dropped 16.2% to 14,484 versus June 2026.
- Across all TRREB areas, sales dropped 11.4% to 5,995 versus June 2026.
- Across all TRREB areas, the average selling price fell 5.2% to $1,003,956 versus June 2026.
- Across all TRREB areas, active listings fell 4.5% to 26,098 versus June 2026.
- Across all TRREB areas, the median selling price fell 3.4% to $860,000 versus June 2026.
Generated from the figures above. Ordered by size of month-over-month move.
Economy
Indicators published with this edition
Real GDP growth
-0.1%
Q1 2026
Toronto employment growth
0.9%
June 2026
Toronto unemployment rate
7.2%
June 2026
Inflation (CPI, year-over-year)
2.8%
June 2026
Bank of Canada overnight rate
2.3%
July 2026
Prime rate
4.5%
July 2026
1-year mortgage rate
5.49%
July 2026
3-year mortgage rate
6.05%
July 2026
5-year mortgage rate
6.09%
July 2026
By home type
All TRREB areas
| Home type | Sales | MoM | Average price | MoM | YoY |
|---|---|---|---|---|---|
| Detached | 2,789 | −467 −14.3% down 467, 14.3% versus June 2026 | $1,291,690 | −$72,514 −5.3% down $72,514, 5.3% versus June 2026 | −5.1% down 5.1% |
| Semi-detached | 557 | −60 −9.7% down 60, 9.7% versus June 2026 | $964,922 | −$74,051 −7.1% down $74,051, 7.1% versus June 2026 | −7.3% down 7.3% |
| Att/row/townhouse | 567 | −52 −8.4% down 52, 8.4% versus June 2026 | $903,986 | −$8,394 −0.9% down $8,394, 0.9% versus June 2026 | −2.7% down 2.7% |
| Condo townhouse | 436 | −27 −5.8% down 27, 5.8% versus June 2026 | $704,367 | −$49,566 −6.6% down $49,566, 6.6% versus June 2026 | −5.3% down 5.3% |
| Condo apartment | 1,564 | −150 −8.8% down 150, 8.8% versus June 2026 | $636,323 | +$5,635 +0.9% up $5,635, 0.9% versus June 2026 | −2.3% down 2.3% |
| Link | 56 | −23 −29.1% down 23, 29.1% versus June 2026 | $855,575 | −$53,940 −5.9% down $53,940, 5.9% versus June 2026 | −8.3% down 8.3% |
| Co-op apartment | 12 | +1 +9.1% up 1, 9.1% versus June 2026 | $592,500 | −$228,207 −27.8% down $228,207, 27.8% versus June 2026 | +15.3% up 15.3% |
| Detached condo | 12 | +5 +71.4% up 5, 71.4% versus June 2026 | $685,200 | −$271,371 −28.4% down $271,371, 28.4% versus June 2026 | −16.8% down 16.8% |
| Co-ownership apartment | 2 | −2 −50.0% down 2, 50.0% versus June 2026 | $305,500 | −$146,750 −32.4% down $146,750, 32.4% versus June 2026 | −20.6% down 20.6% |
Average price by home type
13 months to July 2026
| Month | Detached | Semi-detached | Att/row/townhouse | Condo townhouse | Condo apartment |
|---|---|---|---|---|---|
| Jul '25 | 1361660 | 1041359 | 929524 | 743469 | 651483 |
| Aug '25 | 1312240 | 980102 | 946395 | 739341 | 642195 |
| Sep '25 | 1359030 | 1015543 | 947928 | 747658 | 655231 |
| Oct '25 | 1355506 | 1033770 | 935042 | 735123 | 660208 |
| Nov '25 | 1346017 | 997499 | 913078 | 718191 | 663290 |
| Dec '25 | 1302980 | 957357 | 972915 | 723920 | 628029 |
| Jan '26 | 1277915 | 945967 | 914738 | 697599 | 604759 |
| Feb '26 | 1325654 | 1027376 | 930779 | 748500 | 626650 |
| Mar '26 | 1342375 | 1008246 | 931740 | 739365 | 620479 |
| Apr '26 | 1372688 | 1033469 | 939197 | 704847 | 635653 |
| May '26 | 1358131 | 1067672 | 916474 | 729081 | 639468 |
| Jun '26 | 1364204 | 1038973 | 912380 | 753933 | 630688 |
| Jul '26 | 1291690 | 964922 | 903986 | 704367 | 636323 |
Movers this month
Ranked across 55 of the 55 required areas · minimum 10 sales to qualify
Average price, month-over-month
Top 5
- Toronto C09 +26.8% up 26.8%
- Toronto W06 +17.9% up 17.9%
- Toronto C03 +16.5% up 16.5%
- Georgina +11.7% up 11.7%
- Caledon +9.3% up 9.3%
Bottom 5
- Toronto W07 −22.6% down 22.6%
- Toronto E01 −21.9% down 21.9%
- Toronto E06 −21.6% down 21.6%
- Toronto W01 −19.2% down 19.2%
- Toronto C13 −15.5% down 15.5%
Sales, month-over-month
Top 5
- Toronto W09 +41.7% up 41.7%
- Toronto W10 +34.4% up 34.4%
- Toronto E05 +29.8% up 29.8%
- Toronto C12 +23.8% up 23.8%
- East Gwillimbury +20.5% up 20.5%
Bottom 5
- Toronto W07 −51.5% down 51.5%
- Toronto W01 −39.6% down 39.6%
- Pickering −37.6% down 37.6%
- Toronto E06 −37.5% down 37.5%
- Brock −33.3% down 33.3%
Areas below the sales threshold are excluded — with a handful of sales, a couple of transactions can invent a swing that is not a market move.
Market balance
Sales-to-new-listings and months of inventory, computed from this month’s counts
All TRREB areas
SNLR
41.4%
prior month 39.2%
Months of inventory
4.3
All TRREB areas sits in balanced conditions: 41.4% of new listings sold and 4.3 months of inventory on hand.
City of Toronto (416)
SNLR
45.0%
prior month 40.1%
Months of inventory
4.2
City of Toronto (416) sits in balanced conditions: 45.0% of new listings sold and 4.2 months of inventory on hand.
905 total
SNLR
39.5%
prior month 38.7%
Months of inventory
4.5
905 total reads differently on the two balance measures — a buyer's market at 39.5% sales-to-new-listings, but balanced conditions at 4.5 months of inventory. They measure different things, so the split is worth noting.
These are computed here from the month’s raw counts. TRREB also publishes its own trend-smoothed SNLR and months-of-inventory figures, which are shown separately on the area pages and are not the same measure.
Where I work
Downtown TorontoMidtownScarboroughYork RegionDurham Region
Downtown
$753,722
- Sales
- 435
- SNLR
- 38.2%
- MOI
- 4.9
Aggregated across 2 districts · View →
Midtown
$1,614,234
- Sales
- 297
- SNLR
- 55.2%
- MOI
- 3.7
Aggregated across 6 districts · View →
Scarborough
$782,615
- Sales
- 382
- SNLR
- 45.7%
- MOI
- 3.8
Aggregated across 8 districts · View →
York Region
$1,146,307
- Sales
- 1,063
- SNLR
- 38.5%
- MOI
- 4.9
Region total · View →
Durham Region
$834,312
- Sales
- 725
- SNLR
- 42.2%
- MOI
- 3.6
Region total · View →
Average price for a multi-district group is weighted by dollar volume, not an average of averages — that would give a district with three sales the same weight as one with three hundred.