Toronto Real Estate Prices Wipe Out 2026 Gains, Drop To 5-Year Low

Greater Toronto home prices wiped out gains made in the first five months of 2026 in a matter of weeks. Toronto Regional Real Estate Board (TRREB) July data shows prices fell to their lowest point in over five years. Both home sales and inventory fell, but one remains near record lows while the other is near its highs. Can you guess which one is which? Toronto Home Prices Slide To Over 5-Year Low, Down 27% From Peak The price of a typical home across Greater Toronto. Source: TRREB; CREA; Better Dwelling. The price of a typical home across Greater Toronto slipped 0.7% (-$6.2k) to $934,600 in July, down 4.6% (-$45.5k) from last year. The move was only the second straight decline, but it more than wiped out the gains in the first five months of the year. After plunging 27% (-$345,200) from its March 2022 peak, home prices are now at the lowest level since January 2021. Toronto Home Sales Pull Back, One of the Weakest Levels Ever Greater Toronto existing home sales for July. Source: TRREB; CREA; Better Dwelling. Home sales across Greater Toronto pulled back slightly following three years of progress from record lows. TRREB reported 5,995 sales in July, down 0.9% (-52) from last year, w...