The Toronto Regional Real Estate Board reported 5,057 GTA home sales in August 2026, down 2.1% from a year earlier. New listings fell 14.1% to 12,075, meaning available supply tightened faster than sales activity.
At a glance
- 5,057 GTA home sales were reported in August 2026, down 2.1% year over year.
- 12,075 new listings came to market, down 14.1% from August 2025.
- The average selling price was $993,410, down 2.7% year over year.
- The MLS Home Price Index composite benchmark was down 4.5% from a year earlier.
What the numbers tell us
Prices remained below last year's level in August, and many buyers continued to have negotiating room. The more important shift was on the supply side: new listings declined much more sharply than sales.
That does not guarantee an immediate price rebound. It does mean buyers and sellers should watch the sales-to-new-listings balance through the fall rather than relying only on year-over-year price headlines.
What this means for buyers
Buyers may still find conditions more flexible than during a highly competitive market, particularly for properties that have been listed for longer. A well-prepared financing plan and a neighbourhood-level comparison remain important because conditions can differ widely by property type and municipality.
- Compare recent sold prices, not just asking prices.
- Confirm financing before making an offer.
- Review condominium status documents and ownership costs carefully.
What this means for sellers
With fewer new properties arriving, well-priced homes may face less direct competition. Buyers remain value-conscious, so pricing from current comparable sales—and presenting the property well from day one—matters more than testing an aspirational price.