09/03/2026
๐ก GTA REAL ESTATE MARKET UPDATE | AUGUST 2026
The GTA market is sending an important signal: home sales slipped 2.1%, but new listings dropped a much larger 14.1% compared with last year. With fewer homes coming to market, buyer choice is shrinking and competition could gradually increase. Meanwhile, the average GTA price was $993,410, means down 2.7% year-over-year, but edging higher from July on a seasonally adjusted basis.
๐ For buyers: Prices remain below last year, so affordability and negotiating opportunities are still available but declining inventory means this advantage may not last indefinitely.
๐ For sellers: Fewer competing listings could create a better environment for properly priced homes, particularly if buyer demand strengthens this fall.
๐ Market outlook: The direction appears to be from a softer buyer-friendly market toward tighter, more balanced conditions. If inventory continues to fall relative to demand, TRREB says renewed price growth could follow in the months ahead.
Thinking of buying, selling or investing? Letโs discuss what these changing market conditions mean for you.
Muhammad Shahzad | Real Estate Broker
๐ (416) 854-8212 | ๐ www.mshahzad.ca
Century 21 Peopleโs Choice Realty Inc.