Home sales in the Greater Toronto Area (GTA) declined 0.9% in July from a year earlier following four consecutive months of gains.

Canada’s biggest housing market saw 5,995 homes sold during July, down slightly from the same period in 2025. However, sales rose 3.2% from June of this year.

The Toronto Regional Real Estate Board said the average selling price decreased 4.5% year-over-year to $1 million in July.

There were 14,484 new listings on the market in July, down 17.8% a year earlier. Inventory in Greater Toronto declined 12.1% as there were 26,098 total active listings in July.

Vancouver Market Cools

Across the country in Vancouver, British Columbia, home sales declined 10% year-over-year in July as the residential real estate market continues to cool.

Greater Vancouver saw 2,061 home sales during July, which was 9.8% lower than in July 2025 and 18.6% below the 10-year seasonal average.

The average price for all types of residential properties sold within Vancouver was $1.09 million, a 6.2% decline from July 2025 and a 0.9% dip from June 2026.

There were 4,991 new listings on the Vancouver market in July, down 11.5% year-over-year. The inventory of homes for sale fell 4% to 16,476 but was 26.8% above the long-term average.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.