Toronto and GTA Market Report
What the numbers actually say this month, in plain language, from a broker who reads the TRREB release the morning it lands. Updated monthly. No spin in either direction.
August 2026 at a glance
Source: Toronto Regional Real Estate Board, August 2026 resale figures for the GTA.
What these numbers mean if you are buying
New listings fell 14.1% year over year while sales held up better than supply did. That combination is why the market does not feel as soft on the ground as the price index suggests: there is less to choose from than a year ago, and the good properties still move.
A 97% sale-to-list ratio with 35 days on market is a negotiating market, not a bidding market — but only just. In practice that means the asking price is a starting point on a property that has sat, and is not a starting point on a property that just came out and shows well. Read each listing on its own history rather than assuming the average applies.
The average selling price fell 2.7% but the HPI composite fell 4.5%. The HPI is the better read on what a comparable home is worth, because it adjusts for the mix of what sold. When the average falls less than the index, it usually means more expensive homes made up a larger share of sales that month — not that your house held its value better.
What these numbers mean if you are selling
Fewer new listings is the single most useful fact in this release for a seller. Your competition is thinner than it was a year ago. The trade-off is that buyers are patient and financing-sensitive, so a property priced on last year’s comparables sits, and a property that sits gets treated as damaged goods.
Thirty-five days is an average across a very wide range. Correctly priced, well-prepared homes in the west end are still going in the first two weeks. Homes priced on hope are the ones dragging that average up.
Work out your own numbers
What is my condo worth?Accounts for floor, exposure, parking and locker
What will I walk away with?Net proceeds after commission, HST and legal fees
What can I afford?Runs the real stress test lenders use
Go deeper
- The Toronto luxury market in 2026 — what is happening above $3M, with the sales counts
- Every article on this site — 583 guides, building reviews and market notes
- The Etobicoke condo directory — every condominium corporation, by neighbourhood
- Neighbourhood guides — what each pocket is actually like to live in
Want this read against your specific property?
Averages are useless for one house. Send me the address and I will tell you what the last comparable sales actually say, including the ones that did not sell.
Written by Jatin Dua, Broker of Record at RE/MAX Quantum Realty Inc., Brokerage, 799 The Queensway, Etobicoke. Market figures are board-reported and change monthly. Nothing here is advice on your specific property — for that, call me at 437-987-1925.