After years of volatile swings, Toronto’s housing market is showing rare signs of stabilization. New data from the Toronto Regional Real Estate Board (TRREB) suggests the GTA is shifting toward a ‘balanced’ market, a state not seen since 2019. With July home sales holding steady and new listings dropping by 18 per cent, the extreme buyer-centric conditions of early 2026 are fading.
Average prices have cooled significantly from the 2022 peak of $1,334,544, landing at $1,003,956 in July—a 4.5 per cent year-over-year decline. Industry experts note that both buyers and sellers are moving away from the ‘all or nothing’ mentality, with negotiations becoming more collaborative. While the condo segment remains buyer-driven, the freehold market is finding its middle ground. For a deeper dive into these shifting dynamics, the full analysis and expert commentary can be found at BNN Bloomberg.
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