Market report · August 2026
GTA housing,
in plain numbers.
Sales dipped, listings fell faster, and the average price slipped below $1 million.
Avg. price
$993,410
↓ 2.7% YoY
Sales
5,057
↓ 2.1% YoY
New listings
12,075
↓ 14.1% YoY
Inventory
4.6 mo
35 days avg. to sell
Prices by property type
Where the money went.
Year over year
Listings fell faster than sales.
The supply side is tightening even though demand hasn’t surged — the combination to watch this fall.
The takeaway
What it means for you.
Buyers
Prices below last year, less competition — but choice is thinning. Waiting for both lower prices and more listings may not pay off.
Sellers
Fewer rival listings help a well-priced home stand out. Realistic pricing still wins with today’s careful buyers.
Investors
Soft prices plus tightening supply is the setup to watch. If demand firms this fall, today’s negotiating room may not last.
Figures: TRREB Market Watch, August 2026 (released September 4, 2026). Bank of Canada held its key rate at 2.25% on September 2; next decision October 28.