{"id":1981,"date":"2026-08-10T08:01:33","date_gmt":"2026-08-10T13:01:33","guid":{"rendered":"https:\/\/www.realestategtatoday.ca\/index.php\/2026\/08\/10\/gta-home-prices-dive-55k-why-sellers-are-suddenly-withdrawing\/"},"modified":"2026-08-10T08:01:33","modified_gmt":"2026-08-10T13:01:33","slug":"gta-home-prices-dive-55k-why-sellers-are-suddenly-withdrawing","status":"publish","type":"post","link":"https:\/\/www.realestategtatoday.ca\/index.php\/2026\/08\/10\/gta-home-prices-dive-55k-why-sellers-are-suddenly-withdrawing\/","title":{"rendered":"GTA Home Prices Dive $55K: Why Sellers Are Suddenly Withdrawing"},"content":{"rendered":"

The GTA housing market is locked in a high-stakes standoff. New data from the Toronto Regional Real Estate Board (TRREB) reveals the average home price dropped to $1,003,956 in July\u2014a 5.2% monthly decline and a 4.5% dip compared to last year. While sales volume remained relatively stable, down only 0.9%, the market is showing clear signs of buyer leverage, with days on market climbing to 45 and properties closing at 97% of asking price. Interestingly, the market is tightening not because of a surge in buyers, but because sellers are pulling back, with new listings plummeting 17.8% year-over-year. As the fall market approaches, the question remains: will sellers hold firm or will the pressure of lower comparables force a reset? For a deeper dive into the numbers and what this means for your next move, read the full report at Storeys.com.<\/p>\n

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Source: Read the original article<\/a><\/em><\/p>\n

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GTA home prices fell $55K in July as sellers pull back. Is this a temporary summer slump or a sign of a deeper shift in the market?<\/p>\n","protected":false},"author":2,"featured_media":1980,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[178,206],"tags":[182,221,398,207,461],"class_list":["post-1981","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-data","category-residential","tag-gta","tag-housing-prices","tag-real-estate-trends","tag-toronto","tag-trreb"],"_links":{"self":[{"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/posts\/1981","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/comments?post=1981"}],"version-history":[{"count":0,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/posts\/1981\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/media\/1980"}],"wp:attachment":[{"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/media?parent=1981"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/categories?post=1981"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/tags?post=1981"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}