09/23/2026
AUGUST HOUSING UPDATE đĄ
đ Sales & Listings:
5,057 homes sold in August 2026, down 2.1% compared to August 2025.
New listings totalled 12,075, down 14.1% year-over-year, meaning significantly fewer homes came onto the market compared to last August.
On a seasonally adjusted basis, sales were slightly lower compared to July 2026, while new listings increased.
đ° Prices:
The MLSÂŽ Home Price Index (HPI) Composite benchmark was down 4.5% year-over-year in August 2026.
The average selling price was $993,410, representing a 2.7% decrease compared to August 2025.
On a month-over-month seasonally adjusted basis, the MLSÂŽ HPI Composite was essentially flat compared to July, while the average selling price edged higher.
đ Market Trends & Context:
The GTA housing market continued to see fewer homes available for sale in August, with both sales and new listings lower than last year.
With less inventory in some neighbourhoods, buyers may face more competition for the homes that are available. If this continues, tighter inventory could put upward pressure on prices in the months ahead.
TRREB noted that many buyers are still weighing the decision to purchase against ongoing concerns about the economy, trade with the U.S., inflation and future borrowing costs.
At the same time, recent economic and job creation news has been positive, which could help improve consumer confidence and bring more buyers into the market.
đ§ Overall Takeaway:
August continued to show a GTA market with fewer homes available and prices still below last yearâs levels. While buyers currently have more negotiating room than they did during the peak market years, shrinking inventory could begin to change that dynamic.
If inventory continues to tighten and buyer confidence improves, we could see prices begin to stabilize and potentially move higher in the months ahead.
For buyers, fewer listings could mean less choice and more competition. For sellers, improving market conditions may create a more favourable environment heading into the fall.
Kasia Gorzkowski | B.A., M.Ed. | REALTORÂŽ
RE/MAX EXPERTS | 416 835-1710
Your Move. Your Future.
Handled with care. Negotiated with strength.