Greater Toronto Area home sales in July 2026 were nearly flat year-over-year, but new listings dropped sharply by 17.8%, tightening supply. Average home prices fell about 4.5% annually, with condos seeing the largest decline. Detached homes saw slight sales growth. The sales-to-new-listings ratio indicates a balanced market, but shrinking supply suggests less buyer negotiating power ahead. Average rent in Toronto was $2,580 in June.
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