Sales were only 0.9% lower year over year, while New Listings fell 17.8% and Active Listings declined 12.1%. The market is moving away from a clear buyer advantage toward greater balance.
01 · 30 SECOND DASHBOARD
Colour, arrows and text labels work together. Hover over or focus the ‘i’ icon to view definitions and sources.
* MoM uses actual unadjusted monthly figures. TRREB reported that seasonally adjusted July sales rose from June while new listings declined.
02 · CORE HIGHLIGHTS
What is changing the market structure is not one sales figure, but the relative pace of demand and supply.
The month’s biggest turn came from new supply retreating rapidly—not from a surge in sales.
The supply-demand structure turns first; prices typically react later.
One GTA headline can no longer describe the actual momentum of both regions.
03 · GTA OVERALL
The same dataset is separated into facts, interpretation and outlook so directional judgments are not presented as completed outcomes.
July GTA sales totalled 5,995 transactions; New Listings were 14,484 and Active Listings were 26,098. Average Price was $1,003,956, while the HPI Composite was $934,600.
The market is tightening not because demand is surging, but because supply is retreating faster than demand. This is tightening—not a boom.
From August through October, the Sales-to-New-Listings relationship matters more than a single month’s Average Price. If supply stays weak, downward price pressure may stop worsening first.
04 · VISUAL DATA STORIES
The 2D proportional chart compares July 2026 with July 2025. Bar length represents magnitude only; no 3D visuals are used.
Conclusion: supply is retreating markedly faster than demand.
| Home type | 416 | 905 | GTA |
|---|---|---|---|
| Detached | ▲ +2.8% | ▼ -0.1% | ▲ +0.6% |
| Semi-Detached | ▼ -6.8% | ▼ -5.3% | ▼ -5.9% |
| Townhouse | ▲ +8.7% | ▼ -6.0% | ▼ -2.7% |
| Condo Apt | ▲ +3.3% | ▼ -6.6% | ▼ -0.1% |
05 · REGIONAL DIVERGENCE
The 416 leads the 905 in YoY sales for Detached, Townhouse and Condo, while prices generally remain below last year.
| Property | Sales | Sales YoY | Avg Price | Price YoY |
|---|---|---|---|---|
| Detached | 691 | ▲ +2.8% | $1,547,928 | ▼ -1.5% |
| Semi-Detached | 233 | ▼ -6.8% | $1,122,326 | ▼ -9.9% |
| Townhouse | 249 | ▲ +8.7% | $867,635 | ▼ -6.0% |
| Condo Apartment | 1,054 | ▲ +3.3% | $672,807 | ▼ -1.6% |
| Property | Sales | Sales YoY | Avg Price | Price YoY |
|---|---|---|---|---|
| Detached | 2,098 | ▼ -0.1% | $1,207,295 | ▼ -6.7% |
| Semi-Detached | 324 | ▼ -5.3% | $851,726 | ▼ -4.6% |
| Townhouse | 754 | ▼ -6.0% | $800,561 | ▼ -3.5% |
| Condo Apartment | 510 | ▼ -6.6% | $560,923 | ▼ -5.0% |
416 Townhouse Sales ▲ +8.7% versus 905 Townhouse ▼ −6.0%; 416 Condo Sales ▲ +3.3% versus 905 Condo ▼ −6.6%.
06 · PROPERTY TYPES
Only the GTA current values and YoY changes approved in Stage 1 are shown below. Unavailable MoM figures are not filled in.
Sales were slightly above last year, while price remained lower.
Both sales and price were below last year, with the largest price decline among the four major types.
Sales were below last year, with a clear directional split between 416 and 905.
GTA sales were nearly flat, but performance diverged between 416 and 905.
07 · CONDO DEEP DIVE
The GTA total was nearly flat, but 416 improved while 905 weakened—clear divergence within the same property type.
READ-THROUGH416 condo sales have turned positive year over year, but the GTA Condo HPI remains about 7.35% lower. That supports ‘improving,’ not ‘a confirmed market-wide bottom.’
08 · SUPPLY VS DEMAND
Simple SNLR and MOI are calculated from the report’s monthly figures and shown separately from TRREB’s official 12-month moving-average measures.
| GTA Property Type | Sales | New | Active | Simple SNLR | Simple MOI |
|---|---|---|---|---|---|
| Detached | 2,789 | 6,858 | 12,154 | 40.7% | 4.36 |
| Semi-Detached | 557 | 952 | 1,307 | ▲ 58.5% | 2.35 |
| Att/Row Townhouse* | 567 | 1,249 | 1,900 | 45.4% | 3.35 |
| Condo Apartment | 1,564 | 4,190 | 8,352 | ▼ 37.3% | 5.34 |
* The Att/Row/Townhouse definition in the supply table differs from the broader Townhouse grouping in the headline data.
09 · DATA EXPLORER
All data comes from the approved Stage 1. Unavailable combinations are shown as ‘Data not provided,’ never as zero.
Prior and Absolute change are shown only when Stage 1 provides direct values. This site does not reverse-calculate from rounded percentages, and missing values are not treated as zero.
10 · ECONOMIC DRIVERS
This section presents only the drivers used in Stage 1. No external figures are added when approved values are unavailable.
Employment and confidence appear only as scenario triggers in the approved forecast. Monthly figures for interest rates, bond yields, inflation and major policy are all shown as ‘Data not provided.’
Scenario condition; this month’s actual figure is not provided
Stage 1 does not provide a citable figure or directional reading
Stage 1 does not provide a citable figure or directional reading
11 · AUG–OCT 2026
These are directional scenarios, not point forecasts. Each case lists its trigger, affected segments, confidence and invalidation condition.
12 · AUDIENCE ACTIONS
Switch audiences to see actions tied directly to this month’s data.
ACTION BRIEF
Supply is contracting quickly; do not assume negotiating room will keep expanding.
For a genuinely strong Toronto low-rise property, buyers can act more decisively than they did in the spring.
For condos, recent comparables in the same building still matter; a GTA headline is no substitute for building-level analysis.
13 · RISKS / NEXT WATCH
Whether tightening continues must be confirmed jointly by listings, inventory and the HPI.
A continued sharp YoY decline is the first test of whether tightening can continue.
A further decline would narrow buyers’ negotiating room.
This matters more than a one-month rebound in Average Price.
14 · SOURCES & METHODOLOGY
Data definitions, calculations and limitations are disclosed openly.
Market Watch, July 2026
When no direct Prior value is available, it is not reverse-calculated from a rounded percentage.
The GTA is moving from a clear buyer’s market toward a more balanced, gradually tightening market. The 416 leads the 905, but the price floor still requires further HPI confirmation.