The quick read (July 2026):

  • GTA home prices are still lower than a year ago: the average was $1,003,956, down 4.5%. TRREB says prices could level off in the second half if this continues.
  • The average selling price was $1,003,956, down 4.5% from July 2025. TRREB says prices could level off in the second half if this continues.
  • Milton and Burlington posted the smallest benchmark declines of the four western markets. Mississauga softened the most.
  • With sales taking a bigger share of listings, buyers may find less room to negotiate in the months ahead.

Source: TRREB Market Watch, July 2026.

GTA home prices were still lower in July 2026 than a year earlier, with the average selling price down 4.5% to $1,003,956. The bigger story is on the supply side. Sales slipped just 0.9% from last July, but new listings fell 17.8%, which means buyers competed for a noticeably smaller pool of homes. The Toronto Regional Real Estate Board notes that if this tightening continues, prices could level off in the second half of the year. Across the western GTA, Milton and Burlington held up best, while Mississauga saw the largest benchmark decline. Here is the July picture for each market and what it means if you are buying or selling.

What happened to GTA home prices in July 2026?

Conditions tightened. Sales came in at 5,995, almost even with last July, while new listings dropped to 14,484, down 17.8% year over year. On a seasonally adjusted basis, sales rose from June while new listings fell again, so the squeeze built through the summer. When sales hold steady and supply shrinks, sellers gradually regain leverage, and TRREB’s own read is that buyers may find less room to negotiate moving forward.

For context, the MLS Home Price Index composite benchmark for all TRREB areas was $934,600 in July, down 4.6% year over year, and the average price was down a similar 4.5%. The benchmark is a better guide than the average price because it tracks a consistent type of home rather than whatever happened to sell that month.

What are homes worth in Oakville right now?

Oakville remains the priciest of the four markets. The composite benchmark was $1,152,300 in July, down 3.9% year over year, a smaller decline than the GTA as a whole. Detached homes benchmarked at $1,611,500 (down 4.2%), freehold townhomes at $1,004,200 (down 5.8%), condo townhouses at $694,800 (down 4.7%), and condo apartments at $562,800 (down 7.4%). The average sale price in July was $1,412,619 across 248 sales. Demand in established pockets continues to reward homes that are priced and presented well, even with more days on market than the other three cities.

How is the Mississauga market doing?

Mississauga softened the most of the four in July. The composite benchmark was $880,200, down 5.0% year over year. Detached homes benchmarked at $1,271,200 (down 5.2%) and freehold townhomes at $881,900 (down 6.1%). Condominiums were weaker again, with condo townhouses at $691,300 (down 8.3%) and apartments at $500,200 (down 7.3%). With 500 sales in the month, Mississauga is by far the deepest of the four markets, and the widening gap between freehold and condo values matters for anyone weighing a move between the two.

Is Milton still the value play?

Milton posted the smallest composite decline of the four markets in July, down just 2.7% year over year to $876,800. Detached homes benchmarked at $1,174,700 (down 4.1%), freehold townhomes at $803,800 (down 4.3%), and condo townhouses at $597,100 (down 4.1%). Milton still offers the lowest detached benchmark of the four cities, which keeps it on the radar for families and first-time buyers looking for newer stock at a friendlier entry point, and July suggests that entry point is stabilizing.

How did Burlington hold up in July?

Burlington stayed near the front of the pack. Its composite benchmark was $855,600, down 3.0% year over year, and freehold townhomes were the most resilient category in any of the four markets, down just 1.9% at $891,300. Detached homes benchmarked at $1,214,500 (down 3.5%) and condo apartments at $514,500 (down 5.5%). After leading the region outright in June, Burlington’s story in July is steadiness: smaller declines than the GTA average and consistent demand for its lakeside setting and established neighbourhoods.

What does this mean if you are buying or selling in 2026?

If you are selling: the supply picture just moved in your favour. New listings fell nearly 18% from a year ago while sales held steady, so a well-priced, well-presented home faces less competition than it did in the spring. Pricing to the current evidence, not last year’s peak, is still what turns showings into offers.

If you are buying: prices remain below last year, which keeps a window open, but the window is narrowing. Choice is thinner than it was, and TRREB expects less room to negotiate if tightening continues. Acting on the right home, at a number that works for your plan, tends to beat trying to time the exact bottom.

For both: the headline hides real variation. Milton and Burlington declined far less than Mississauga in July, and freehold values are holding up better than condos almost everywhere. The benchmark for your specific street and home type matters far more than the regional average.

Wondering what your home is worth in today’s market?

Let’s look at the numbers for your street and your type of home, not just the headline. Message me and I’ll show you what your place would sell for now and what you could step into. Get in touch here.

Damir Strk is a Broker with RE/MAX Realty Specialists Inc., Brokerage, with more than 25 years helping buyers and sellers across Oakville, Mississauga, Milton, and Burlington. Market data source: Toronto Regional Real Estate Board (TRREB) Market Watch, July 2026.