The July numbers show a GTA market that is still favouring buyers in many areas, but the story isn’t the same everywhere.

Mississauga saw average prices fall 10% year-over-year to about $899,000, while sales were down 9%. With homes taking longer to sell, buyers have more negotiating power—particularly for condos.

Toronto was more stable. Sales increased 2% year-over-year, although the average price was still down 3% to roughly $1.01 million. The market appears to be finding some balance, but buyers are still taking their time.

Oakville stands out as one of the stronger markets. Sales increased 10% and the average price rose 6% to approximately $1.41 million. That said, homes are taking longer to sell, suggesting buyers are still being selective.

Brampton and Vaughan are showing a different trend. Sales increased in Brampton (+14%) and Vaughan (+2%), but prices declined 3% and 9%, respectively. More sales at lower prices suggests sellers are adjusting to current market conditions.

Meanwhile, Burlington, Milton and Halton Hills continue to see softer conditions. Burlington sales dropped 10%, Milton fell 19%, and prices were down 5–8% across these markets.

What does this mean?

The GTA market isn’t moving in one direction. Buyers have more choice and negotiating power than they did during the peak market years, while sellers need to price realistically and be prepared for longer selling times.

For buyers, this can create opportunities—especially where prices have adjusted significantly. For sellers, proper pricing and presentation are more important than ever.

The key takeaway: July’s market is less about “is it a buyer’s or seller’s market?” and more about understanding the specific neighbo urhood and property type you’re dealing with.