The numbers are in!
Monthly Market Update
Do you want content like this delivered to your inbox?


Monthly Market Update - July 2023

Khoa Le
Aug 7 1 minutes read

The real estate market in the Greater Toronto Area (GTA) had a strong July 2023, with increased home sales, new property listings, and higher home prices compared to the previous year. It seems that many households have adjusted to the higher borrowing costs, although the sales momentum has slowed since the Bank of Canada started raising interest rates in June.

In July, GTA REALTORS® reported a 7.8% increase in home sales, totaling 5,250. There was also an 11.5% rise in new property listings. The benchmark home price index saw a 1.3% increase, while the average selling price went up by 4.2% to reach $1,118,374.

Our monthly market update showcases everything you need to know about local real estate trends over the last month. 

July 2023 Market Update for Greater Toronto Area


New Listings


Active Listings


Closed Sales

Homes Sold


Sale-to-List Price



Average Sales Price


Months of Supply


Average Days on Market

Curious about how your home's value has changed?

We will gladly prepare a Comparative Market Analysis for you so that you are armed with the most current information.

Get Your Report
We use cookies to enhance your browsing experience and deliver our services. By continuing to visit this site, you agree to our use of cookies. More info