July 2026, Don Mills condo apartments. The average sale price rose 4.0 per cent year over year to $612,519 while the TRREB Home Price Index benchmark fell 0.68 per cent to $620,500. Those two numbers answer different questions. The average reports what happened to sell across 33 transactions; the benchmark is mix-adjusted and tracks what a comparable unit is worth. Price your unit off the benchmark, which sits 26.8 per cent below its March 2022 peak of $847,400.

The figures on this page cover TRREB district C13, which takes in Don Mills. They describe that district as a whole, not any one neighbourhood inside it, and not houses.

What the month shows

Thirty-three condo apartment sales, up 106.3 per cent against July 2025. New listings were 61, down 33.7 per cent. Active listings at month end stood at 117, down 35.4 per cent. Sold listings averaged 31 days on market, and the average sale price came in at 96.0 per cent of the average list price.

The median sale price was $595,000, below the average of $612,519. An average above the median is what a right-skewed distribution produces: the higher trades pull the mean up and leave the middle transaction where it is. That is arithmetic, not a market signal.

Thirty-three sales is the top of the twelve-month range, which runs from 15 to 33. At that volume, a handful of larger or better-finished units closing in one month moves the average by a visible amount. The benchmark is built to be insensitive to exactly that, which is why it is the number a value claim has to rest on.

Where the benchmark actually sits

Over the trailing twelve months the Don Mills benchmark ranged from $574,600 to $646,700. The low end of that band, $574,600 in February 2026, is also the lowest print across the full 55 months held. The high end is not the highest — the series peaked at $847,400 in March 2022, and July’s $620,500 is 26.8 per cent below it.

So the useful statement is the distance travelled, not the position in a window. The benchmark is inside its twelve-month band and more than a quarter below where the series peaked. Anyone pricing from a 2022 comparable is pricing from a number the index has not produced in over four years.

What we read into it

Three inferences follow. Each is inference, not fact. Two carry a test that would settle them; the first cannot be tested from what this site publishes, and says so rather than borrowing a test of something else.

The divergence between the average and the benchmark is a mix effect. The benchmark is mix-adjusted and the average is not, so a shift in the size, floor or finish of what traded would move one and leave the other largely alone. That is the mechanism, and we cannot test it with what this site publishes. Settling it would need the bedroom mix or the unit-size distribution of the 33 sales, against a trailing average for the same district. TRREB’s district tables do not carry that, so this reading stays an inference and should not be treated as established. Do not accept a substitute test: nothing about where the benchmark prints next month tells you what sold this month.

At 33 sales the average is carrying sample noise rather than a signal about value. If the average were measuring the same thing the benchmark measures, the two would move together month to month rather than 4.0 per cent apart in opposite directions. This reading is wrong if the average sale price moves in the same direction as the benchmark in each of the next three releases. That would indicate the average is tracking value in this district and that July’s split was the exception, and we would say so.

Supply contracting faster than demand is acting against further decline in the benchmark. New listings fell 33.7 per cent and active listings 35.4 per cent while sales rose 106.3 per cent, and fewer competing units on the market is the mechanism by which price declines slow. This is a statement about pressure, not about position: nothing in a falling series distinguishes the last month of a decline from the middle of one, and we are not saying the decline has ended. The test is a single threshold — if the benchmark prints below $574,600 in any of the next three releases, that is a new low across the 55 months held and counts against this reading.

What to do with it

If you are buying, price your offer against the benchmark and treat the average as background. Ask your agent for the closed comparables in the building itself, not the district figure, and read the status certificate — reserve fund, special assessments, arrears, litigation, and the leasing and pet rules — before the irrevocable period on any offer runs out. At 31 days on market and 117 active listings, you have time to do it properly.

If you are selling, set the list price from the benchmark and from what has closed in your building, and be clear with yourself about the gap between that and a 2022 comparable. The district figure last month settled at 96.0 per cent of the average list price, so build the negotiating room you actually intend to give away into the number, rather than discovering it at week five.

If you are holding and not transacting, none of this obliges you to act. The figure that describes your position is the benchmark and its distance from the March 2022 peak, and it is worth knowing that number before a renewal conversation or a refinancing appraisal, not after.

TRREB Market Watch · released 2026-08-04.

Figures are TRREB Market Watch for July 2026, TRREB district C13, released 2026-08-04. They are re-read from our data layer on every build, so this page moves when the release does.

007Realty Corp., Brokerage. RECO registration no. 6024672.