09/09/2026
The Greater Toronto Area (GTA) resale market saw a noticeable decline in available inventory in August 2026 compared to the same time last year. Home sales also decreased slightly, with the reduced number of available properties potentially limiting the number of transactions in certain neighbourhoods. With fewer homes on the market, increased competition among buyers could contribute to renewed price growth in the months ahead.
GTA REALTORS® recorded 5,057 home sales through TRREB’s MLS® System in August 2026, representing a 2.1 per cent decrease compared to August 2025. At the same time, 12,075 new listings were added to the MLS® System, a 14.1 per cent year-over-year decline.
After seasonal adjustments, home sales in August 2026 were slightly lower month-over-month compared to July 2026, while new listings increased.
As GTA housing inventory becomes tighter, buyers may increasingly have to decide whether to wait for greater economic certainty or move forward with a purchase before prices begin to increase. At the same time, a stronger market for sellers could encourage more homeowners to list their properties, giving buyers more options to choose from.
“If inventory tightens and home prices begin to rise, some buyers may face a trade-off between waiting for greater economic certainty and purchasing before prices move higher. At the same time, improving market conditions for sellers could bring more listings to market, providing buyers with additional choice,” said Toronto Regional Real Estate Board (TRREB) President Daniel Steinfeld.The MLS® Home Price Index (MLS® HPI) Composite benchmark declined 4.5 per cent year-over-year in August 2026. The average selling price was $993,410, representing a 2.7 per cent decrease.
When adjusted for seasonal factors, the MLS® HPI Composite was essentially unchanged from July 2026 on a month-over-month basis. The average selling price, however, increased slightly compared to the previous month.