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Toronto Real Estate Board August 2026 Market Watch Report
GTA home sales edged slightly lower year over year compared to same month a year earlier. GTA reported home sales for the month of August were 5,057 homes a decrease of 2.1% from 5,168 homes in August 2025. New listings were down substantially which may see Buyers face more competition from other potential purchasers. If this trend continues, average selling prices could level off in the second half of this year. Positive news on trade and geopolitical issues would help improve consumer confidence and homes sales in the months ahead.
New listings were 12,075 properties - a substantial decrease of 14.1% compared to 14,052 properties in August 2025. Active listings at the end of August were 24,482 compared to 27,594 in 2025 which is a decrease of 11.3%.
Average sale price was down by 2.7% at $993,410 compared to August 2025 at $1,021,300. While average selling price was still down year-over-year in August, the annual rate of decline has receded over the past few months. Average days on the market in August was 35 days up 6.1% compared to 33 days in August 2025.
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