Terms of Use
Danny Macedo, REALTOR®
Please read these terms and conditions carefully before using this site. This site is provided by Danny Macedo, REALTOR®, Royal LePage Supreme Realty, Brokerage ("we", "us" or "our"). By using this site, you agree to be bound by the terms set out below. If you do not agree with these terms, please do not use this site.
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This Site is operated in connection with real estate services provided in Ontario by Danny Macedo, REALTOR®, a registrant with the Real Estate Council of Ontario (RECO), operating under Royal LePage Supreme Realty, Brokerage. All real estate services referenced on this Site are provided in accordance with the Trust in Real Estate Services Act, 2002 (TRESA) and the regulations and code of ethics administered by RECO. Nothing on this Site should be taken as a substitute for representation agreements or disclosures required under TRESA.
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This Site collects personal information through its contact and enquiry forms, including at minimum names, telephone numbers and email addresses. That information is collected, used and disclosed in accordance with the Personal Information Protection and Electronic Documents Act (PIPEDA). Because the Site actively collects personal information, a standalone Privacy Policy is required, and should be linked from this page and from every form on the Site, disclosing what is collected, why, who it may be shared with, how long it is retained, and how a visitor can access, correct or request deletion of their information. That Privacy Policy has not yet been drafted and should be treated as an outstanding item before any form on the Site goes live or continues collecting data.
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This Agreement is governed by the laws of the Province of Ontario and the federal laws of Canada applicable in Ontario, without regard to conflict of law principles. Any dispute arising from this Agreement or your use of the Site shall be subject to the exclusive jurisdiction of the courts of Ontario.
Contact and General
This Site is operated by Danny Macedo, REALTOR®, Royal LePage Supreme Realty, Brokerage, 110 Weston Road, Toronto, Ontario, M6N 0A6. You may contact us at [email protected]. If any provision of this Agreement is found to be unenforceable, the remaining provisions will continue in full force.
Last updated: September 10th, 2026
Royal LePage® Supreme Realty, Brokerage
110 Weston Road
Toronto, ON M6N 0A6
Call 416-535-8000
Text 647-931-5151
Copyright 2026. Macedo Real Estate Group, Danny Macedo, Sales Representative, Anthony Rocco Macedo, Sales Representative, Royal LePage Supreme Realty, Brokerage all rights reserved assumes no responsibility for the accuracy of any information shown. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose.
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Seven Months In: What the 2026 Year-to-Date Numbers Say About the GTA
Why the Year-to-Date Number Matters
A single month of data tells you what happened that month. Seven months of data tells you what the year looks like. When the year-to-date average price is higher than the most recent month, prices have been falling. When it is lower, they have been rising. The gap between the two numbers tells you how fast.
Through the first seven months of 2026, the GTA recorded 37,105 sales at a year-to-date average price of $1,032,207. In July alone, 5,995 homes sold at an average of $1,003,956. That gap of $28,251, roughly 2.7 per cent, tells you the market has been softer in the summer than it was earlier in the year.
Source: TRREB Market Watch, July 2026.
Region by Region: Where July Fell Short of the Year
Every major region in the GTA followed the same pattern. July's average price came in below the year-to-date average in every case. The size of the gap varied.
Halton Region recorded a year-to-date average of $1,193,397 against a July average of $1,151,595. That is a gap of $41,802, or 3.5 per cent. Of the five major regions, Halton showed the widest spread between the year and the month.
City of Toronto came in at $1,049,952 year-to-date against $1,010,836 in July, a difference of $39,116 or 3.7 per cent. The condo-heavy downtown pulls the city average down, and summer is typically slower for condo sales.
Peel Region showed $943,541 year-to-date against $910,007 in July, a gap of $33,534 or 3.6 per cent. Brampton and Mississauga both contributed to the decline.
York Region was tighter. The year-to-date average sat at $1,151,992 against $1,146,307 in July, a difference of just $5,685, or 0.5 per cent. York held up better than any other region over the summer.
Durham Region recorded $842,889 year-to-date against $834,312 in July, a gap of $8,577 or 1.0 per cent. Durham, like York, showed less seasonal softening than the western regions.
What This Tells You About Direction
The fact that every region's July figure is below its year-to-date average does not mean prices are in freefall. It means the spring was stronger than the summer, which is a normal seasonal pattern in the GTA. The question is how large the gap is and whether it is widening.
The regions with the smallest gaps, York at 0.5 per cent and Durham at 1.0 per cent, are the ones where summer prices held closest to the spring pace. The regions with the largest gaps, Halton at 3.5 per cent and the City of Toronto at 3.7 per cent, softened more noticeably.
For context, the Bank of Canada overnight rate sat at 2.3 per cent through July, and the prime rate at 4.5 per cent. Mortgage rates remained elevated, with five-year fixed rates at 6.09 per cent. These borrowing costs continued to weigh on affordability and on what buyers were willing to pay.
Vaughan and King: A Closer Look
Within York Region, Vaughan recorded a year-to-date average of $1,156,403 against a July figure of $1,144,631, a gap of $11,772 or 1.0 per cent. Vaughan accounted for 1,754 of York Region's 6,631 year-to-date sales, the largest share of any municipality in the region.
King Township was the exception to the pattern. King's year-to-date average was $1,996,141, and its July average was $2,028,099, meaning July actually came in higher than the year. However, King recorded only 20 sales in July, a volume so small that a single high-end transaction can move the average significantly. With 120 sales year-to-date, King's numbers are still best read as a range rather than a precise trend.
What This Means If You Are Buying or Selling
If you are selling, the year-to-date average is probably closer to what your home would have fetched in March or April. The July number is closer to what it would fetch today. Neither is a substitute for a proper comparative market analysis on your specific property, but the direction tells you that pricing to the spring market and expecting a summer result will likely leave you sitting.
If you are buying, the seasonal softening gives you marginally more room to negotiate than you had three months ago. The regions where that room is narrowest, York and Durham, are also the ones where sellers are less likely to feel pressure to move on price.
If you want to know where your property sits against both the year-to-date trend and the most recent month, call me at 416-560-4983 and I will pull the numbers for your specific area.
Danny Macedo, Macedo Real Estate Group, Royal LePage Supreme Realty, Brokerage.
All figures: TRREB Market Watch, July 2026, released 6 August 2026.
