Real Estate Market July 2026

11 Aug Real Estate Market July 2026

Your July 2026 real estate market update is here! Covering Oakville, Burlington, Hamilton and the surrounding areas.

Highlights of the real estate market from TREBB:

Greater Toronto Area (GTA) resale housing market conditions tightened in July 2026 compared the same month a year earlier. Home sales edged slightly lower over that period, while new listings were down substantially. This suggests that active homebuyers faced more competition from other potential purchasers. If this trend continues, average selling prices could level off in the second half of this year.

GTA REALTORS® reported 5,995 home sales through TRREB’s MLS® System in July 2026 – a slight decrease of 0.9% compared to July 2025. New listings entered into the MLS® System amounted to 14,484 – down by 17.8% year-over-year.

On a seasonally adjusted basis, July 2026 home sales were up month-over-month compared to June 2026, while new listings were down, which means market conditions continued to tighten during the summer.

The MLS® Home Price Index (MLS® HPI) Composite benchmark was down by 4.6% year-over-year in July 2026. The average selling price, at $1,003,956, was down by a similar annual rate of 4.5%. On a month-over-month seasonally adjusted basis, MLS® HPI Composite edged up compared to June 2026, whereas the average selling price was slightly lower.

Highlights of the real estate market from Cornerstone (Hamilton-Burlington):

Hamilton-Burlington-Haldimand-Niagara North June 2026 Statistics:
“Sales activity in the Hamilton-Burlington area market saw a pullback in July, with an 11.0% decline year-over-year, while new listings also continued to tighten, falling 17.6% compared to the same period last year,” said Bill Duce, CEO of Cornerstone. “At 4.6 months of supply, inventory remains high by Hamilton-Burlington’s historical standards, giving buyers more choice and creating more buyer-friendly conditions than we have typically seen in this market. However, affordability challenges continue to temper demand, with many prospective buyers still cautious despite improved selection.

The MLS® Home Price Index continues to show modest adjustments, down 4.9% year-over-year, which may present some opportunities for buyers who have been waiting on the sidelines. As always, market conditions can vary significantly from neighbourhood to neighbourhood, which is why it’s important to work with a local REALTOR®.”

Questions about buying or selling? Reach out anytime, I’d be happy to discuss the market with you!

All the latest home prices and statistics by property type and city below!

Sources for Real Estate Market Update for July 2026: Toronto Regional Real Estate Board and Cornerstone Association of REALTORS®