09/12/2026
In August 2026, GTA new listings fell 14%, while sales remained fairly steady, down just 2%.
With fewer homes available, competition could increase and put upward pressure on prices heading into the fall market.
As prices rise, more inventory may come online as sellers take advantage of the upswing.
At the same time, buyers may feel more urgency if they believe the market has bottomed.
The short-term trend remains relatively flat, with average sale price, sales volume, and the Home Price Index shifting only a few percentage points.
Over the past year, buyers have benefited from plenty of choice at more affordable levels.
Here in the trenches, we’re seeing buyers decide now is a good time to purchase an entry-level home in Toronto or surrounding municipalities, with some benefiting from market conditions and HST rebates.
Once sentiment shifts toward stability and steady growth, we could see an influx of demand as global uncertainty settles and Canada eventually lifts its ban on foreign investment in residential real estate.
Domestically, we’re seeing positive news for the economy, particularly GDP and job growth. The main concern is whether trade tensions and global instability could push inflation and interest rates higher.
HERE'S WHAT HAPPENED LAST MONTH IN THE GTA:
• Greater Toronto Area REALTORS reported 5,057 home sales in the GTA; a decrease of 2.1% compared to August 2025.
• There were 12,075 new listings in the GTA; a decrease of 14.1% compared to August 2025.
• The average selling price for all home types reportedly decreased by 2.7% compared to August 2025.
• The average condominium apartment price decreased by 3.6% compared to August 2025.
NEXT MONTH, WE’LL SEE IF SEPTEMBER KICKS OFF THE FALL SHOPPING SEASON - DO YOU THINK IT’LL BE A BUSY ONE? ONLY TIME WILL TELL.
Read more about this in our GoldFellas August 2026 Market Update blog post - now live on our website 📲
https://thegoldfellas.remaxrecentre.ca/blog.php
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🔑The GoldFellas at RE/MAX
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