Average price — Mean sale price across all transactions. Sensitive to the mix of homes that sold.
$993,410
MoM −$10,546 −1.1% down $10,546, 1.1% versus July 2026 YoY −2.8% down 2.8% versus August 2025
Source: TRREB MarketWatch, August 2026
Greater Toronto Area · TRREB MarketWatch
GTA Real Estate Market Report
August 2026
In August 2026 the average selling price across the Greater Toronto Area edged down 1.1% to $993,410 versus July 2026, and sales dropped 15.6% to 5,057, though a summer slowdown is the seasonal norm.
Headline indicators
All TRREB areas · all home types
Median price — The midpoint sale price. Less affected by a few very high or low sales than the average.
$850,000
MoM −$10,000 −1.2% down $10,000, 1.2% versus July 2026 YoY −4.2% down 4.2% versus August 2025
MLS® HPI benchmark — Quality-adjusted price for a typical home. The cleanest like-for-like price signal.
$925,900
MoM −$8,700 −0.9% down $8,700, 0.9% versus July 2026 YoY −4.5% down 4.5% versus August 2025
Sales — Firm transactions reported through the MLS® System during the month.
5,057
MoM −938 −15.6% down 938, 15.6% versus July 2026 YoY −3.0% down 3.0% versus August 2025
Dollar volume — Total value of all sales in the month.
$5.02B
MoM −$995,039,022 −16.5% down $995,039,022, 16.5% versus July 2026 YoY −5.7% down 5.7% versus August 2025
New listings — Properties newly listed during the month.
12,075
MoM −2,409 −16.6% down 2,409, 16.6% versus July 2026 YoY −14.0% down 14.0% versus August 2025
Active listings — Listings available at month end.
24,482
MoM −1,616 −6.2% down 1,616, 6.2% versus July 2026 YoY −11.0% down 11.0% versus August 2025
Avg. LDOM — Average days on market for the current listing. Not reported before 2020.
35
MoM +3 days +9.4% up 3 days, 9.4% versus July 2026 YoY +6.1% up 6.1% versus August 2025
Avg. PDOM — Average days on market across the property’s consecutive listings. Not reported before 2020.
51
MoM +6 days +13.3% up 6 days, 13.3% versus July 2026 YoY +4.1% up 4.1% versus August 2025
Avg. SP/LP — Average sale price as a share of list price. Above 100% means competing offers were common.
97%
MoM no change no change versus July 2026 YoY no change no change versus August 2025
SNLR — Sales-to-new-listings ratio, computed here from this month’s counts. Below 40% favours buyers, above 60% favours sellers.
41.9%
MoM +0.5 pp +1.2% up 0.5 pp, 1.2% versus July 2026 YoY +12.8% up 12.8% versus August 2025
Months of inventory — Active listings divided by monthly sales — how long the current stock would take to sell. Computed here, not TRREB’s trend figure.
4.8
MoM +0 +11.2% up 0, 11.2% versus July 2026 YoY −8.2% down 8.2% versus August 2025
The month in 60 seconds
- Across all TRREB areas, new listings dropped 16.6% to 12,075 versus July 2026.
- Across all TRREB areas, sales dropped 15.6% to 5,057 versus July 2026.
- Across all TRREB areas, active listings fell 6.2% to 24,482 versus July 2026.
- Across all TRREB areas, the median selling price edged down 1.2% to $850,000 versus July 2026.
- Across all TRREB areas, the average selling price edged down 1.1% to $993,410 versus July 2026.
Generated from the figures above. Ordered by size of month-over-month move.
Economy
Indicators published with this edition
Real GDP growth
-0.1%
Q1 2026
Toronto employment growth
1.5%
July 2026
Toronto unemployment rate
6.8%
July 2026
Inflation (CPI, year-over-year)
3%
July 2026
Bank of Canada overnight rate
2.3%
August 2026
Prime rate
4.5%
August 2026
1-year mortgage rate
5.49%
August 2026
3-year mortgage rate
6.05%
August 2026
5-year mortgage rate
6.09%
August 2026
By home type
All TRREB areas
| Home type | Sales | MoM | Average price | MoM | YoY |
|---|---|---|---|---|---|
| Detached | 2,399 | −390 −14.0% down 390, 14.0% versus July 2026 | $1,288,669 | −$3,021 −0.2% down $3,021, 0.2% versus July 2026 | −1.8% down 1.8% |
| Semi-detached | 439 | −118 −21.2% down 118, 21.2% versus July 2026 | $931,665 | −$33,257 −3.4% down $33,257, 3.4% versus July 2026 | −4.9% down 4.9% |
| Att/row/townhouse | 437 | −130 −22.9% down 130, 22.9% versus July 2026 | $882,060 | −$21,926 −2.4% down $21,926, 2.4% versus July 2026 | −6.8% down 6.8% |
| Condo townhouse | 395 | −41 −9.4% down 41, 9.4% versus July 2026 | $681,447 | −$22,920 −3.3% down $22,920, 3.3% versus July 2026 | −7.8% down 7.8% |
| Condo apartment | 1,330 | −234 −15.0% down 234, 15.0% versus July 2026 | $617,593 | −$18,730 −2.9% down $18,730, 2.9% versus July 2026 | −3.8% down 3.8% |
| Link | 42 | −14 −25.0% down 14, 25.0% versus July 2026 | $846,832 | −$8,743 −1.0% down $8,743, 1.0% versus July 2026 | −8.6% down 8.6% |
| Co-op apartment | 7 | −5 −41.7% down 5, 41.7% versus July 2026 | $812,500 | +$220,000 +37.1% up $220,000, 37.1% versus July 2026 | +34.6% up 34.6% |
| Detached condo | 7 | −5 −41.7% down 5, 41.7% versus July 2026 | $752,286 | +$67,086 +9.8% up $67,086, 9.8% versus July 2026 | −6.1% down 6.1% |
| Co-ownership apartment | 1 | −1 −50.0% down 1, 50.0% versus July 2026 | $605,000 | +$299,500 +98.0% up $299,500, 98.0% versus July 2026 | +47.7% up 47.7% |
Average price by home type
13 months to August 2026
| Month | Detached | Semi-detached | Att/row/townhouse | Condo townhouse | Condo apartment |
|---|---|---|---|---|---|
| Aug '25 | 1312240 | 980102 | 946395 | 739341 | 642195 |
| Sep '25 | 1359030 | 1015543 | 947928 | 747658 | 655231 |
| Oct '25 | 1355506 | 1033770 | 935042 | 735123 | 660208 |
| Nov '25 | 1346017 | 997499 | 913078 | 718191 | 663290 |
| Dec '25 | 1302980 | 957357 | 972915 | 723920 | 628029 |
| Jan '26 | 1277915 | 945967 | 914738 | 697599 | 604759 |
| Feb '26 | 1325654 | 1027376 | 930779 | 748500 | 626650 |
| Mar '26 | 1342375 | 1008246 | 931740 | 739365 | 620479 |
| Apr '26 | 1372688 | 1033469 | 939197 | 704847 | 635653 |
| May '26 | 1358131 | 1067672 | 916474 | 729081 | 639468 |
| Jun '26 | 1364204 | 1038973 | 912380 | 753933 | 630688 |
| Jul '26 | 1291690 | 964922 | 903986 | 704367 | 636323 |
| Aug '26 | 1288669 | 931665 | 882060 | 681447 | 617593 |
Movers this month
Ranked across 54 of the 55 required areas · minimum 10 sales to qualify
Average price, month-over-month
Top 5
- Toronto C03 +26.2% up 26.2%
- Toronto W08 +15.6% up 15.6%
- Toronto C07 +15.5% up 15.5%
- Toronto W03 +15.0% up 15.0%
- Toronto E06 +14.0% up 14.0%
Bottom 5
- Toronto C12 −37.3% down 37.3%
- Toronto C06 −16.4% down 16.4%
- Toronto W02 −16.4% down 16.4%
- Aurora −15.1% down 15.1%
- Toronto W01 −14.1% down 14.1%
Sales, month-over-month
Top 5
- Toronto C11 +33.3% up 33.3%
- Toronto E08 +23.3% up 23.3%
- Caledon +18.2% up 18.2%
- Toronto E07 +17.8% up 17.8%
- Toronto E06 +10.0% up 10.0%
Bottom 5
- Toronto E01 −55.6% down 55.6%
- Toronto C02 −49.4% down 49.4%
- Toronto C04 −48.6% down 48.6%
- Toronto C10 −46.1% down 46.1%
- Toronto W09 −44.1% down 44.1%
Areas below the sales threshold are excluded — with a handful of sales, a couple of transactions can invent a swing that is not a market move.
Market balance
Sales-to-new-listings and months of inventory, computed from this month’s counts
All TRREB areas
SNLR
41.9%
prior month 41.4%
Months of inventory
4.8
All TRREB areas sits in balanced conditions: 41.9% of new listings sold and 4.8 months of inventory on hand.
City of Toronto (416)
SNLR
42.1%
prior month 45.0%
Months of inventory
4.9
City of Toronto (416) sits in balanced conditions: 42.1% of new listings sold and 4.9 months of inventory on hand.
905 total
SNLR
41.8%
prior month 39.5%
Months of inventory
4.8
905 total sits in balanced conditions: 41.8% of new listings sold and 4.8 months of inventory on hand.
These are computed here from the month’s raw counts. TRREB also publishes its own trend-smoothed SNLR and months-of-inventory figures, which are shown separately on the area pages and are not the same measure.
Where I work
Downtown TorontoMidtownScarboroughYork RegionDurham Region
Downtown
$747,155
- Sales
- 366
- SNLR
- 37.5%
- MOI
- 5.5
Aggregated across 2 districts · View →
Midtown
$1,690,927
- Sales
- 194
- SNLR
- 40.5%
- MOI
- 5.3
Aggregated across 6 districts · View →
Scarborough
$778,289
- Sales
- 326
- SNLR
- 46.0%
- MOI
- 4.2
Aggregated across 8 districts · View →
York Region
$1,179,938
- Sales
- 971
- SNLR
- 40.6%
- MOI
- 5.1
Region total · View →
Durham Region
$819,569
- Sales
- 602
- SNLR
- 42.3%
- MOI
- 4.1
Region total · View →
Average price for a multi-district group is weighted by dollar volume, not an average of averages — that would give a district with three sales the same weight as one with three hundred.