BREAKING: Toronto Real Estate Enters Balanced Market Territory

About this video

In this August 2026 video, Tom breaks down the July 2026 Toronto real estate numbers, when sales held roughly steady, new listings dropped sharply and the Greater Toronto market entered balanced territory. He explains each property type and why average price headlines can be confusing, for buyers and sellers trying to read the market.

Key points

• In this August 2026 video, Tom reported just under 6,000 Greater Toronto sales in July 2026, down almost 1% from July 2025, while new listings fell 17.8%. He believes sales volume has bottomed, though prices are a different story.
• Overall prices were down 4.5% year over year. Tom cautions that average prices can mislead: semi detached homes showed a 10% average drop, yet with under two months of inventory they were still the hottest property type in the city.
• By type in the city of Toronto: detached homes at 3.7 months of inventory (balanced), row townhouses at 2.3, condo townhouses at 4.7 and condo apartments at 4.9, which Tom sees as buyer market territory for most condos.
• The city of Toronto had 2,224 sales in July 2026, the best July since 2021 and similar to 2017 levels. Tom notes investors still made up less than 5% of the resale market.
• Benchmark prices for all four property types were down 15 to 25% from the peak. Tom thought detached and semi detached homes were at or near the bottom, while smaller investor style condos had further to fall.

Questions answered in this video

Is Toronto a balanced market in 2026?

In this August 2026 video, Tom said the overall Greater Toronto market had entered balanced territory in July 2026. It varied by type: semi detached homes and row townhouses had low inventory, detached homes were balanced, and most condo apartments were closer to a buyer’s market.

Why do headlines say semi detached prices dropped 10% if they are in high demand?

Tom explains that headlines use average price, and with relatively few sales a handful of smaller properties selling can skew the average. In July 2026, semi detached homes had under two months of inventory and were selling over asking on average, with many still using the offer date strategy.

Have Toronto home prices bottomed?

In this August 2026 video, Tom said benchmark prices had been in a steady decline since about January 2024. With new listings down and sales up compared with recent years, he felt detached and semi detached homes were at or close to the bottom, some condo pockets were closer, and smaller investor style units still had more room to fall.

Related: Toronto real estate market updates | Selling your home | Buying a home in Toronto