What is happening in the Toronto market right now?
Toronto’s July 2026 data shows sales running 10% above the five year average while new listings are down 6%, pushing inventory up 12% and months of supply up 2%. The benchmark price is $928,200, down 6.52% month over month and 3.23% year over year. Demand is clearly firming across every segment, yet prices continue to soften as the market works through supply built up over the past two years. Detached is the steadiest segment on an annual basis at -1.58%, with condominiums close behind at -1.67%. Semi-detached carries the steepest decline at -9.66% year over year, the largest single-segment annual price drop across all four Bode market cities in this reporting cycle.
1 Overall Market
Sales climb across the board but Toronto’s benchmark price keeps falling as the market works through built-up supply
July data shows demand strengthening meaningfully. Sales are 10% above the five year July average, while new listings are down 6%. Inventory has increased 12%, pushing months of supply up 2%.
The benchmark price is $928,200, down 6.52% month over month and 3.23% year over year. Stronger sales activity has not yet stopped prices from softening, though the pace of the annual decline has eased from where it stood mid-year.
$928,200
Benchmark price
-3.23%
Year over year
+12%
Inventory change
+2%
Months of supply
2 Detached Homes
Toronto’s most resilient segment as sales jump 17% and annual prices hold closest to flat
Detached homes are leading the recovery. New listings are 5% above the five year July average, while sales have climbed 17%. Inventory has grown 26%, pushing months of supply up 10%.
The benchmark price is $1,455,200, down 6.10% month over month and 1.58% year over year. Detached remains the segment closest to price stability, supported by the strongest sales growth in the market.
$1,455,200
Benchmark price
-1.58%
Year over year
+5%
New listings vs avg
+17%
Sales change
3 Condominiums
Condominium conditions stabilize as sales inch higher and months of supply holds flat
Condominiums are showing early signs of balance. New listings are 11% below the five year July average, while sales have edged up 4%. Inventory has increased 4%, leaving months of supply unchanged.
The benchmark price is $551,900, up 1.06% month over month and down 1.67% year over year. This is the only month over month gain across any Toronto segment this cycle, a signal that condominium pricing may be nearing a floor.
$551,900
Benchmark price
-1.67%
Year over year
-11%
New listings vs avg
+4%
Sales change
4 Semi-Detached Homes
The softest segment in Toronto as prices fall 9.66% annually despite sales climbing 16%
Semi-detached is diverging sharply from the rest of the market. New listings are 9% below the five year July average, while sales have increased 16%. Inventory is up 12%, yet months of supply has fallen 3%, a combination that would normally point to firmer pricing.
The benchmark price is $1,146,300, down 11.26% month over month and 9.66% year over year, the steepest single-segment annual decline across all four Bode market cities this reporting cycle. The gap between rising sales and falling prices points to buyers transacting at lower price points within the segment rather than semi-detached demand weakening broadly.
$1,146,300
Benchmark price
-9.66%
Year over year
-9%
New listings vs avg
+16%
Sales change
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Common Questions
Is Toronto currently a buyer’s market or a seller’s market?
Toronto remains buyer-favourable as of July 2026. Inventory is up 12% and months of supply has risen 2%, while the overall benchmark price is down 3.23% year over year. All four tracked segments are still in negative annual territory. Detached and condominiums are the closest to flat at -1.58% and -1.67%, while semi-detached is down sharply at -9.66%.
What is the benchmark price in Toronto right now?
The overall benchmark price in Toronto is $928,200 as of July 2026, down 6.52% month over month and 3.23% year over year. By segment: detached homes benchmark at $1,455,200, condominiums at $551,900, and semi-detached homes at $1,146,300.
Why did Toronto semi-detached prices fall so sharply this month?
Semi-detached benchmark pricing fell 11.26% month over month and 9.66% year over year, the steepest single-segment annual decline across all four Bode market cities in this reporting cycle. What makes this unusual is that sales rose 16% and new listings fell 9%, a combination that would normally support price strength. The most likely explanation is a shift in transaction mix: more sales are closing at lower price points within the segment, pulling the benchmark down even as overall activity picks up. This is a composition effect inside the segment rather than a sign of broad demand weakness.
Which Toronto property type is performing best right now?
Detached is the strongest segment, with the benchmark price down only 1.58% year over year and sales up 17% against historical norms. Condominiums are close behind at -1.67% annually, with the only month over month price gain of any Toronto segment this cycle. Both are outperforming the overall market benchmark, which is down 3.23% year over year.
Is now a good time to sell in Toronto?
Detached and condominium sellers are in the strongest relative position, with annual price declines under 2% and sales activity climbing in both segments. Semi-detached sellers face the most difficult conditions in the market, with the benchmark down 9.66% annually despite a 16% increase in sales, a sign that buyers are gravitating toward lower price points within the segment. Pricing to current comparables rather than peak values is essential, particularly for semi-detached listings. Your free Bōde Homeowner Dashboard tracks your property’s current value and local comparable activity so you can price and time the market with real data.