Every figure above is read from the published TRREB release for the period rather than repeated from the text, so this page and the district panels cannot disagree. Where a figure is missing it is missing here too, rather than estimated.
Brief July 2026
July 2026: benchmark down 7.09 per cent, listings down 19.1 per cent
The TRREB Home Price Index apartment benchmark for the City of Toronto was $551,900 in July 2026, down 7.09 per cent year over year. Condominium apartment sales were up 2.5 per cent over the same period and active listings down 19.1 per cent. The benchmark is what a comparable unit is worth; it is not the average sale price.
01 The numbers
TRREB City of Toronto · July 2026
- Benchmark · condo apartment
- $551,900−7.1% y/y
- Sales
- 1,054+2.5% y/y
- Active listings
- 5,228−19.1% y/y
- Months of inventory · all home types
- 4.6
| District | Benchmark | Y/Y | Sales | Y/Y | DOM |
|---|---|---|---|---|---|
| C01King WestLiberty VillageWaterfront | $563,200 | −6.6% | 229 | −4.6% | 37 d |
| C08Distillery and Corktown | $501,500 | −8.7% | 138 | +7.0% | 36 d |
Named, but below the reporting threshold
These districts transacted fewer than 30 condominium apartments in the month. A year-over-year percentage on that base moves tens of per cent on one unusual unit, so it is not shown and these rows are not comparable with the table above.
| District | Benchmark | Sales | DOM |
|---|---|---|---|
| C09 | $837,600 | 6 | 36 d |
| W01Roncesvalles | $545,600 | 20 | 32 d |
| E01Leslieville and Riverside | $579,600 | 17 | 33 d |
TRREB Market Watch · released 2026-08-04. Value is the mix-adjusted TRREB Home Price Index benchmark, not the average sale price. Months of inventory is TRREB's published twelve-month moving average, reported for all home types only. The featured table carries districts with at least 30 condominium apartment sales in the month; anything below that is listed separately without year-over-year figures.
02 What moved
The TRREB Home Price Index apartment benchmark for the City of Toronto was $551,900 in July 2026, −7.09% year over year.
Tier 1 · Our own parsed dataTRREB Home Price Index, July 2026, ingested into this siteAugust 4, 2026
Condominium apartment sales in the City of Toronto were 1,054 in July 2026, +2.5% against July 2025, with active listings at 5,228, −19.1% over the same period.
Tier 1 · Our own parsed dataTRREB Market Watch, July 2026, ingested into this siteAugust 4, 2026
New condominium apartment listings in the City of Toronto were 2,690 in July 2026, −19.0% year over year. Sold listings averaged 37 days on market.
Tier 1 · Our own parsed dataTRREB Market Watch, July 2026, ingested into this siteAugust 4, 2026
Months of inventory for the City of Toronto stood at 4.6 in July 2026. TRREB publishes this as a twelve-month moving average and only for all home types, so it is not a condominium-specific figure.
Tier 1 · Our own parsed dataTRREB Market Watch, July 2026, ingested into this siteAugust 4, 2026
Low-rise new home sales in GTA continue to outperform historic averages in June as benchmark price decreases.
Tier 3 · IndustryBILD GTA — newsJuly 22, 2026
The Bank of Canada today held its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%.
Tier 2 · Official releaseBank of Canada — press releasesJuly 15, 2026
The building industry welcomes City of Toronto development charge reduction program.
Tier 3 · IndustryBILD GTA — newsJune 23, 2026
Low-rise new home sales in GTA beat 10-year average for second consecutive month thanks to HST rebate.
Tier 3 · IndustryBILD GTA — newsJune 22, 2026
03 The read
The TRREB HPI benchmark for City of Toronto condominium apartments stood at $551,900 in July 2026, which is the low end of the $551,900 to $587,800 range recorded over the trailing twelve months to July 2026, and was down 7.09 per cent year over year.
The benchmark is a smoothed index built from closed transactions, so it registers negotiated outcomes with a lag. Deals in July 2026 closed at 97.0 per cent of list after 37 days on market, meaning the sales feeding the next several index readings were struck below asking rather than at or above it. Until that clearing behaviour shifts, each new month of closings enters the index at or below the current level and the benchmark has no arithmetic route to turn up.
watchingA pattern we are tracking, not yet supported.
Wrong if: A benchmark reading above $560,000 for City of Toronto condominium apartments in any monthly release from August 2026 through October 2026 would show the index turning up rather than continuing to print at or near its twelve-month low.
New listings fell 19.0 per cent year over year to 2,690 in July 2026 while sales rose 2.5 per cent year over year to 1,054; active listings were 5,228, down 19.1 per cent year over year, against a twelve-month range of 3,927 to 5,971 to July 2026.
Active inventory is the running balance of listings entering the market less those leaving it by sale, expiry or termination. When the inflow contracts by 19.0 per cent year over year in July 2026 and the sale outflow instead grows by 2.5 per cent year over year, the balance drains month over month. Absent a reversal in the new-listing flow, that drain continues mechanically into the autumn 2026 months, which are seasonally lighter for new supply than July.
likelyConsistent with the data, with a plausible alternative reading.
Wrong if: Active listings for City of Toronto condominium apartments above 5,500 in any month from August 2026 through November 2026 would show the stock rebuilding rather than draining.
Months of inventory stood at 4.6 and the sales-to-new-listings ratio at 38.1 per cent in July 2026, both twelve-month moving averages across all home types rather than condominium apartments alone.
A twelve-month moving average carries eleven prior months inside it, and an all-home-type aggregate carries detached, semi-detached and townhouse activity alongside condominium apartments. Both properties damp and dilute a single month's condominium apartment signal, so these two figures cannot corroborate or contradict the July 2026 condominium apartment counts of 1,054 sales and 2,690 new listings; a reader who treats them as a condominium apartment balance measure is reading a different market segment over a different window.
watchingA pattern we are tracking, not yet supported.
Wrong if: Cannot be falsified from the figures we publish; it would need months of inventory and sales-to-new-listings computed for City of Toronto condominium apartments alone on a single-month basis for July 2026, which our current fields do not carry.
05 What this means for you
- Buying
- Active listings are down 19.1 per cent against July 2025, and sales are up 2.5 per cent. Have financing arranged and the status certificate ordered before you view, and price from closed sales in the building rather than from the July 2026 benchmark of $551,900, down 7.09 per cent year over year — that figure covers the whole city.
- Selling
- Price against what closed in your building in the last sixty days, not against what is currently asking. The average sale settled at 97.0 per cent of the average list price in July 2026, and sold listings took 37 days.
- Renting
- Nothing in the figures on this page speaks to rents. We parse TRREB resale releases, which do not report rental data, so treat any rental number quoted from them with suspicion.
- Holding
- The benchmark is what a comparable unit is worth; the average sale price moves with the mix of what sold. Watch the July 2026 benchmark of $551,900, down 7.09 per cent year over year, and read a month of sales against the twelve before it rather than against the month before.
The brief, monthly
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Ask about one building
A district average is not your building.
Everything above is the district. Your building has its own history — what closed in it in the last sixty days, how long those units sat, what the status certificate says about the reserve fund and whether there is a special assessment on the way. None of that is in a TRREB district table.
Send an address and the question you actually have. We will answer it with the comparable sales and say plainly where the figures run out.
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