Toronto Housing Market Update – July 2026 🇨🇦

• GTA sales: 5,995 (-0.9% YoY)• Avg price: $1,003,956 (-4.5% YoY)• Monthly drop: -$54,972 (-5.2%)• New listings: -17.8% YoY• Active listings: -12.1% YoYThe big story: Sellers are disappearing faster than buyers. Supply tightened not because of demand surge, but because owners are withdrawing listings rather than accepting lower prices.Freehold homes took the biggest hit – 905 detached dropped 5.1% in just one month (-$65,547).Buyers still have leverage:• Properties sit 45 days on market• Average sale at 97% of asking• 4.6 months inventory3 tests for a bottom:1️⃣ Active listings must continue falling2️⃣ HPI needs consistent firm readings3️⃣ 905 detached prices must stabilizeDon’t expect these to pass in 2026. We’re in a slow grind – supply tightens at the edges while price discovery continues lower.Agents: Stop using spring comps. July’s reality is different.DM me for full breakdown & data 💬#TorontoRealEstate, #GTAHousing, #RealEstateMarket, #HousingCorrection, #TorontoRealtor, #HousingMarket, #PriceDrop, #RealEstateTrends, #OntarioRealEstate, #HomeBuying, #RealEstateInvestor, #MarketUpdate, #HousingSupply, #Affordability, #TorontoHomes, #RealEstateNews, #GTArealestate, #HousingCrash, #MarketInsights, #PropertyMarket This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit mandeeptoorrealtor.substack.com