09/03/2026
August 2026 Real Estate Report for GTA
The number of homes available for sale in August 2026 was down noticeably compared to last year in the Greater Toronto Area (GTA). Following this trend, home sales also edged lower, as the number of transactions was arguably limited by less choice in some neighbourhoods. Less choice and more competition between buyers could ultimately result in renewed price growth in the months ahead.
GTA REALTORS® reported 5,057 home sales through TRREB’s MLS® System in August 2026 – down 2.1 per cent compared to August 2025. New listings entered into the MLS® System amounted to 12,075 – down by 14.1 per cent year-over-year.
On a seasonally adjusted basis, August 2026 home sales were down slightly month-over-month compared to July 2026, while new listings were up.
The MLS® Home Price Index (MLS® HPI) Composite benchmark was down by 4.5 per cent year-over-year in August 2026. The average selling price, at $993,410, was down by 2.7 per cent.
On a month-over-month seasonally adjusted basis, MLS® HPI Composite was essentially flat compared to July 2026. The average selling price edged up over the previous month.
Contact me today to get expert advise on current Real Estate market.
Gautam Parmar
Realtor®
Royal LePage Certified Realty, Brokerage
📲(365) 998 8889
www.GPyourRealtor.ca