Short answer
The average GTA home sold for $1,003,956 in July 2026, down 4.5 per cent year over year, on 5,995 sales. The median was $860,000 and the MLS® HPI benchmark was $934,600. New listings fell 17.8 per cent to 14,484 while sales held flat — supply is tightening. By type: detached $1,291,690, semi-detached $964,922, freehold townhouse $903,986, condo apartment $636,323.
The headline numbers
| Measure | July 2026 | vs July 2025 |
|---|---|---|
| Sales, TRREB area | 5,995 | −0.9% |
| Average selling price | $1,003,956 | −4.5% |
| Median selling price | $860,000 | — |
| MLS® HPI Composite benchmark | $934,600 | −4.6% |
| New listings | 14,484 | −17.8% |
| Average days on market (LDOM) | 32 | +6.7% |
| Average property days on market (PDOM) | 45 | +12.5% |
| Sales-to-new-listings ratio | 41.4% | — |
| Months of inventory | 4.4 | — |
For perspective: the February 2022 peak average was $1,334,544. July’s $1,003,956 is roughly 25 per cent below that. And 2025 finished with 62,433 sales across the board — the fewest since 2000.
The interesting movement is in supply. New listings fell 17.8 per cent while sales were essentially flat, which pushed the sales-to-new-listings ratio to 41.4 per cent. That is the mechanical setup for price stabilisation, and it is why TRREB’s chief information officer Jason Mercer described the market as “at the bottom of the current cycle.” Royal LePage’s Phil Soper noted these are the first genuinely balanced conditions since 2019, with negotiations “pretty close to the list price if the home was priced to market.”
By property type, across the GTA
| Property type | Average sale price, July 2026 |
|---|---|
| Detached | $1,291,690 |
| Semi-detached | $964,922 |
| Freehold townhouse | $903,986 |
| Condo apartment | $636,323 |
The spread between a detached house and a condo apartment is $655,367. Any sentence that begins “the average GTA home price is…” is averaging across that gap, which is why it should never be the basis of a decision about your own property.
By region
| Region | Sales | Average price |
|---|---|---|
| City of Toronto (416) | 2,242 | $1,010,836 |
| York Region | 1,063 | $1,146,307 |
| Peel Region | 1,053 | $910,007 |
| Durham Region | 725 | $834,312 |
| Halton Region | 682 | $1,151,595 |
| Simcoe County | 194 | $821,174 |
| Dufferin County | 36 | $724,614 |
Halton and York are the two priciest regions on an average-price basis, both above $1.14 million, largely because their sales mix skews heavily to detached. Toronto’s average sits lower than either of them despite far higher land values, because more than half of all 416 sales are condo apartments.
Inside the City of Toronto, by type
| Property type (416) | Sales | Average price |
|---|---|---|
| Detached | 691 | $1,547,928 |
| Semi-detached | 233 | $1,122,326 |
| Townhouse | 249 | $867,635 |
| Condo apartment | 1,054 | $672,807 |
The condo market is its own story
| Measure, condo apartments | July 2026 |
|---|---|
| Sales, GTA | 1,564 (−0.1% YoY) |
| Average price, GTA | $636,323 (−2.3% YoY) |
| MLS® HPI apartment benchmark | $535,200 (−7.35% YoY) |
| New listings | 4,190 |
| Active listings | 8,352 |
| Average days on market | 40 |
| Sale-to-list ratio | 97% |
| 905 average price | $560,923 (−5.0% YoY) |
Note the divergence between the average price (−2.3 per cent) and the HPI benchmark (−7.35 per cent). The benchmark controls for unit mix; the average does not. When the benchmark falls much faster than the average, it usually means the mix has shifted toward larger and more expensive units — smaller investor units are the segment struggling to trade. BMO’s Doug Porter on the condo segment: “We don’t see a quick turnaround on that front.”
What this means for your own number
- If your price anchor is from 2021 or 2022, reset it. The average is down about 25 per cent from the February 2022 peak. That is not a small correction and it is not recovered yet.
- Price against closed sales, not asking prices. With 4.4 months of inventory and homes selling at roughly 97 per cent of list, buyers have enough choice to skip an overpriced property rather than negotiate on it.
- Budget for time. 32 days is the average from the current listing; 45 days is the average once you count previous attempts to sell the same property. Relistings are common right now, and they cost more than the extra weeks.
- Freehold and condo are moving differently. If you own a house, supply is genuinely tight. If you own an apartment, you are competing with 8,352 active listings and pricing precision is everything.
Estimate your own property against this data
The estimator below is calibrated to these July 2026 reported figures — district baselines, property-type averages and days on market — and shows you where your property sits against the district average rather than against a GTA-wide headline.
Free tool — AI home value estimator
Instant Home Valuation
What’s your home
worth today?
Answer six quick questions and get an instant value range built from current Toronto & GTA sale data — property type, size, condition, lot and location all weighted the way a real pricing conversation weighs them. Takes about ninety seconds.
Reading recent GTA sale data…
Building your estimate
Estimated market value
—
$0–$0
Most likely value $0 · roughly $0 per square foot
What moved the number
Starting from the area baseline for your property type, here’s what each answer added or subtracted.
Market context
Recent local averages for comparison.
—
A range is a starting point.
A strategy is what sells.
This model doesn’t know that your neighbour’s identical semi went $80,000 over asking last month, or which two upgrades actually pay back in your area. That conversation is free and takes twenty minutes.
Want the number for your street, not the region?
Regional averages are a starting point. Send me your address and I will send back what has actually closed within a few blocks of you in the last ninety days, adjusted for the differences against your property, with a price range you can plan around.
Get neighbourhood sold data · connect@jatindua.com · 437-987-1925
Free, no obligation, and I answer personally within 24 hours.
Related reading
- Condo value estimator — floor, exposure, view, parking and locker priced separately.
- GTA community guides — neighbourhood-level context for Etobicoke, Mississauga, Oakville and more.
- Mortgage calculator · Land transfer tax calculator · Net proceeds calculator.
Frequently asked questions
What was the average home price in the GTA in July 2026?
$1,003,956 across the Toronto Regional Real Estate Board area, down 4.5 per cent from July 2025. The median was $860,000 and the MLS HPI Composite benchmark, which controls for the mix of homes sold, was $934,600.
How much have Toronto home prices fallen from the peak?
The average selling price peaked at $1,334,544 in February 2022. At $1,003,956 in July 2026, the average is roughly 25 per cent below that peak.
What is the average price of a detached house in Toronto?
Within the City of Toronto, detached houses averaged $1,547,928 across 691 sales in July 2026. Across the wider GTA the detached average was $1,291,690.
Is the Toronto housing market a buyer’s or seller’s market in 2026?
It is broadly balanced for freehold homes and a buyer’s market for condo apartments. The GTA sales-to-new-listings ratio was 41.4 per cent with 4.4 months of inventory, while the condo segment had 4,190 new listings against 1,564 sales and 8,352 active listings.
How long are homes taking to sell in the GTA?
The average listing sold in 32 days in July 2026. Measured across all previous listings of the same property, the average was 45 days. Condo apartments averaged 40 days. Homes sold at roughly 97 per cent of asking price.
Which GTA region has the highest average home price?
Halton Region at $1,151,595, narrowly ahead of York Region at $1,146,307. The City of Toronto averaged $1,010,836, lower than both largely because condo apartments make up the majority of 416 sales.
Why is the condo benchmark falling faster than the condo average price?
The MLS HPI benchmark controls for the type and size of unit sold; the simple average does not. When the benchmark falls faster, it generally means the mix of sales has shifted toward larger and more expensive units — in this case because smaller investor-held units are the hardest segment to trade.
Sources
- Toronto Regional Real Estate Board, “GTA Housing Market Tightens in July and Sets the Stage for Price Stability”, 6 August 2026 — trreb.ca
- TRREB Market Watch, July 2026 — trreb.ca/market-data/market-watch
- WOWA, Toronto Housing Market report, 5 August 2026 — wowa.ca
- Canadian Mortgage Professional, “GTA condo market stays under pressure as July listings shrink”, August 2026 — mpamag.com
- CP24, “What you need to know about Toronto’s shift to a balanced housing market”, 8 August 2026 — cp24.com
- ViewHomes, Toronto real estate & housing market statistics, July 2026 (regional and 416 property-type tables) — viewhomes.ca
- What is my home worth? A straight answer for Toronto & GTA owners
- How much is my condo worth? Floor, view, parking and what moves the number
- AI valuation vs a Realtor CMA vs a bank appraisal
- What actually adds value before you sell in the GTA
About the author — Jatin Dua, Toronto & GTA Realtor
I’m a licensed Realtor with RE/MAX Quantum Realty at 799 The Queensway in Etobicoke, and I work with buyers, sellers and investors across Toronto, Etobicoke, Mississauga, Oakville and the wider GTA. I build the valuation tools on this site myself and I publish the assumptions behind them, because a number you can’t interrogate is a number you shouldn’t act on. If you want the version of this with your actual address in it: connect@jatindua.com or 437-987-1925.