Above-average number of MLS® home sales in July; supply of available homes falls below 800K in Ontario for only the second time since 2020
Residential sales activity reported through the MLS® Systems of real estate boards in Ontario numbered 16,276 units in July 2026. This was a small reduction of 1.3% from July 2025.
Home sales were 7.3% above the five-year average and 12.4% below the 10-year average for the month of July.
On a year-to-date basis, home sales totalled 95,887 units over the first seven months of the year. This decreased by 1.9% from the same period in 2025.
Nationally, home sales activity was down by 5.3% from year-ago levels in July 2026.
The MLS® Home Price Index (HPI) tracks price trends far more accurately than is possible using average or median price measures. The overall MLS® HPI composite benchmark price was $749,800 in July 2026, a small reduction of 3.9% compared to July 2025.
The benchmark price for single-family homes was $832,800, falling by 3.6% on a year-over-year basis in July. By comparison, the benchmark price for townhouse/row units was $586,600, a decline of 6% compared to a year earlier, while the benchmark apartment price was $490,500, down by 6.9% from year-ago levels.
The average price of resale residential homes sold across the province in July 2026 was $797,486, a modest decline of 2.9% from July 2025.
The more comprehensive year-to-date average price was $819,570, down modestly by 3.2% from the first seven months of 2025.
The national average price, by comparison, marked a slight gain of 0.2% on a year-over-year basis to $674,819 in July 2026.
The number of new listings on MLS® Systems of real estate boards in Ontario saw a reduction of 10.8% from July 2025. There were 36,945 new residential listings in July 2026.
New listings were 1.9% above the five-year average and 5.6% above the 10-year average for the month of July.
Active residential listings numbered 73,890 units on the market at the end of July, decreasing by 5.1% from the end of July 2025.
Active listings were 20.5% above the five-year average and 40.2% above the 10-year average for the month of July.
Months of inventory numbered 4.5 at the end of July 2026, down from the 4.7 months recorded at the end of July 2025 and above the long-run average of 3.1 months for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.
The dollar value of all home sales in the province in July 2026 was $13 billion, a decrease of 4.2% from the same month in 2025.
1 Oakville-Milton, Greater Toronto
2 Cornwall, Kingston and Area, Ottawa, Renfrew County, Rideau-St. Lawrence
3 Bancroft & District, Barrie & District, Kawartha Lakes, Lakelands, Northumberland Hills, Peterborough and the Kawarthas, Quinte & District
4 North Bay, Sault Ste. Marie, Sudbury, Thunder Bay, Timmins, Cochrane & Timiskaming Districts
5 Brantford Region, Guelph & District, Hamilton-Burlington, Kitchener-Waterloo, Niagara Region, Simcoe, and Cambridge
6 Chatham-Kent, Grey Bruce Owen Sound, Huron Perth, London & St. Thomas, Sarnia-Lambton, Windsor-Essex, Woodstock-Ingersoll-Tillsonburg
BOARD & ASSOCIATION INFORMATION
The Ontario Real Estate Association represents nearly 100,000 brokers and salespeople who are members of the 29 real estate boards throughout the province. OREA serves its REALTOR® members through a wide variety of support services, educational programs, advocacy, standard forms, and other offerings.
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Jean-Adrien Delicano
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JeanAdrienD@orea.com
Cathy Polan
