GTA resale housing market tightened in July 2026 with home sales slightly down 0.9% year-over-year and new listings dropping 17.8%. Condo sales fell 0.1%, mainly outside Toronto, while townhome sales decreased 2.7% overall but rose 8.7% in Toronto. Average condo prices dropped 2.3%, townhomes 3.9%, and the Home Price Index fell 4.6%. Market conditions suggest increased buyer competition and limited negotiation room.