What is the sales-to-new-listings ratio?

It compares homes sold in a month against homes newly listed in the same month. Below 40% is generally read as a buyer's market — more coming to market than leaving it. Above 60% is a seller's market. Between the two is balanced. It is the quickest single read on whether you are competing or choosing.

What are months of inventory?

How long the homes currently listed would last at the month's pace of sales, if nothing new came on the market. Under about four months usually means competition; above six usually means time to decide.

Is the GTA a buyer's or seller's market in July 2026?

The GTA overall sat at 37.1% sales-to-new-listings in July 2026, which is buyer's market territory, with 4.6 months of inventory. But the average hides a wide range: King was 20.8% while Burlington reached 45.7%. Local conditions matter far more than the regional figure.

GTA market update

Where the Greater Toronto Area housing market actually stands, month by month — every municipality TRREB reports on, not a regional average that describes almost nowhere.

Latest · July 202637.1%sales-to-new-listings · Buyer's market · 4.6 months of inventory · average $1,003,956Underneath it: King at 20.8%, Burlington at 45.7%. Read the 27-municipality breakdown →

Terms & definitions

How to read these numbers

The measures behind every monthly report, in plain language. The thresholds are the conventional ones the industry uses — stated here so you are never asked to take them on trust.

SNLRSales-to-new-listings ratio

The share of a month's new listings that actually sold. It is the single quickest read on market balance — whether buyers or sellers hold the upper hand.

Below 40%Buyer's market
40–60%Balanced
Above 60%Seller's market

MOIMonths of inventory

How long it would take to sell every active listing at the current pace of sales, if no new homes came to market. Lower means homes sell faster and sellers have more leverage.

Under 2Strong seller's market
2–4Seller's market
Over 6Buyer's market

SP/LPSale-to-list price ratio

The percentage of the asking price a home actually sold for. It tracks how much room buyers have to negotiate — or whether homes are selling over asking.

Above 100%Sold over asking
98–100%Near asking
Below 98%Room to negotiate

DOMDays on market

How long a home takes to sell once listed. Lower means homes are moving quickly once priced right; higher points to buyers taking their time.

Under 14Fast-moving
14–30Normal pace
Over 30Slower / buyer's conditions

HPIHome Price Index

A measure of price change for a "typical" home of consistent quality and size. Unlike the average, it is not distorted when the mix of homes sold shifts — more condos one month, more detached the next.

More reliable than average price for tracking true market direction month to month.

YoYYear over year

Compares a figure to the same month a year earlier — July against last July, not against June. It strips out seasonal patterns, so a change reads as a real market shift rather than the calendar.

Sales up year over year while new listings fall is the classic sign of a tightening market.

BoC rateBank of Canada overnight rate

The rate at which major banks lend to each other overnight, set by the Bank of Canada. It drives the prime rate and variable mortgage rates — the main lever the Bank uses to cool or stimulate the economy.

Lower rates → cheaper mortgages → more buyers → upward pressure on prices.

These describe the market. What a move costs you is a different question — the calculators work out land transfer tax, closing costs and what a lender will actually approve.

Every month

July 202637.1% · 4.6 months · $1,003,956 · Buyer's market

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