In July 2026, Greater Toronto Area real estate prices dropped about 4.5% year-over-year, with average selling prices around $1 million. Sales fell 6.8% compared to last year, marking one of the weakest Julys since 2003. Active listings decreased 22.3%, and new listings dropped 17.3%. Despite fewer sales, homes sold faster due to a shrinking inventory. Buyer interest shifted to outer municipalities like Uxbridge and Aurora.