The Greater Toronto Area housing market is entering a pivotal shift. According to the latest data from the Toronto Regional Real Estate Board (TRREB), July saw a sharp 17.8% year-over-year decline in new listings, tightening supply significantly. While overall sales dipped slightly by 0.9% compared to July 2025, the market is showing resilience, with seasonally adjusted sales actually rising 3.2% from June. This tightening environment suggests that buyers may soon face less room to negotiate as inventory levels drop. Despite the supply crunch, average selling prices remain under pressure, currently sitting at $1,003,956—a 4.5% decline from last year. As the market navigates these headwinds, experts are looking toward economic growth and job data as potential catalysts for a fall recovery. For a deeper dive into the numbers and to see what this means for your property strategy, read the full report at the original source: https://www.mpamag.com/ca/mortgage-industry/market-updates/gta-listings-fall-as-housing-market-tightens-in-july/585234
Source: Read the original article
