July 2026
Market Direction: Sales Stable • Prices Still Below Last Year
The GTA condo apartment market remained relatively stable in July 2026. Sales were almost unchanged from one year ago, while average prices remained below July 2025 levels. Toronto condos performed more strongly than the surrounding 905 market, showing why condo conditions should be analysed locally rather than through one GTA-wide number.
GTA CONDO MARKET AT A GLANCE
TRREB reported 1,564 GTA condo apartment sales in July, with the average selling price at $636,323.
WHAT STANDS OUT
GTA Condo Sales Were Nearly Flat
Condo apartment sales declined only 0.1% year over year, indicating relatively stable transaction activity despite continued price pressure.
Toronto Outperformed the 905
Toronto recorded 1,054 condo sales, up 3.3% year over year.
The 905 recorded 510 sales, down 6.6%.
The difference shows that the GTA condo market is not moving uniformly.
Prices Remain Below Last Year
The average GTA condo price was $636,323, down 2.3%.
Toronto’s average was $672,807, down 1.6%, while the 905 average was $560,923, down 5.0%.
YEAR-TO-DATE CONDO MARKET
Through July 2026:
GTA condo apartment sales were up 0.6% year over year YTD, while the average price remained 7.3% lower. Toronto YTD condo sales increased 1.1%, while 905 sales declined 3.8%.
FOR CONDO SELLERS
The July numbers show that buyers are active, but they remain selective.
To compete effectively:
· Price accurately against current building and neighbourhood competition
· Review recently sold, active, terminated and relisted units
· Make presentation and unit condition a priority
· Highlight parking, locker, floor plan, view, upgrades and building amenities
· Monitor competing listings throughout the marketing period
Toronto’s stronger sales performance is encouraging, but buyers are still price sensitive.
FOR CONDO BUYERS
July continues to offer buyers negotiating opportunities, especially where listings have been exposed to the market for longer periods.
Buyers should:
· Compare units within the same building whenever possible
· Review maintenance fees and included services
· Examine listing and price-change history
· Compare parking, locker, exposure, floor level and condition
· Avoid using the GTA average price as the basis for an individual offer
The 416 and 905 markets are behaving differently, making local analysis particularly important.
BOTTOM LINE
The July 2026 GTA condo market is stable in sales activity but remains price sensitive.
GTA condo sales: Nearly unchanged
Toronto condo sales: Improving
905 condo sales: Softer
Condo prices: Still below last year
Buyer behaviour: Selective and value focused
For sellers, the winning strategy remains accurate pricing, strong presentation and understanding building-level competition.
For buyers, the opportunity comes from identifying which buildings and individual units offer genuine value rather than relying on GTA-wide averages.
GTA Direction. Building-Level Strategy.
Thinking about buying or selling a condo? Request a building and neighbourhood-specific condo market analysis before making your next move.
Source: Toronto Regional Real Estate Board July 2026 Market Watch and July 2026 supporting market data.
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