August 2026 market report · Data released September 3, 2026 · Reviewed October 1, 2026
The Toronto housing market in August 2026 presented buyers and sellers with a mixed picture: fewer homes were available than a year earlier, but prices were still lower. For what a deeper drop would take, see whether the GTA housing market could crash. Across the TRREB market area, the average selling price was $993,410, down 2.7% from August 2025. Home sales slipped 2.1%, while new listings fell much faster, by 14.1%.
That does not mean every neighbourhood is moving towards a bidding war. A detached home in Toronto, a condo apartment in Mississauga and a townhouse in Durham belong to different markets. The useful question is how prices, competing listings and sales activity line up for the type of home you actually want to buy or sell.
This report explains the August numbers, compares municipalities and property types, and provides interactive charts and searchable tables. All dollar figures are Canadian dollars. The source is TRREB’s August 2026 Market Watch report; calculations by Local Toronto are identified below.
GTA housing market snapshot: August 2026
| Measure | August 2026 | August 2025 | Year-over-year change |
|---|---|---|---|
| Sales | 5,057 | 5,168 | -2.1% |
| New listings | 12,075 | 14,052 | -14.1% |
| Active listings | 24,482 | 27,594 | -11.3% |
| Average selling price | $993,410 | $1,021,300 | -2.7% |
| Average listing days on market | 35 | 33 | +6.1% |
| Average property days on market | 51 | 49 | +4.1% |
The number of new listings fell by 1,977 from a year earlier, while sales fell by only 111. Active listings were 3,112 lower. These differences, calculated from TRREB’s counts, explain why the supply picture looked tighter even though sales did not increase.
There is a second part to the story: sold properties took longer to find buyers. Average listing days rose from 33 to 35, and average property days rose from 49 to 51. Less inventory and longer selling times can exist together when the homes available do not closely match buyers’ budgets or preferences. These figures do not establish the reason any particular property remained unsold.
Interactive Toronto and GTA market data explorer
Choose a comparison and measure to redraw the chart. Search or sort the municipal table below to find your area. These tools use the fixed August 2026 report, not live listings. Every chart value is also available in the article’s tables.
Interactive controls need JavaScript. All data tables below remain readable without it.
Toronto house prices by property type
| Property type | Sales | GTA average | 416 average | 905 average | GTA price YoY | GTA sales YoY |
|---|---|---|---|---|---|---|
| Detached | 2,399 | $1,288,669 | $1,525,749 | $1,218,148 | -1.8% | 0.5% |
| Semi-detached | 439 | $931,665 | $1,110,639 | $830,033 | -5.0% | 0.9% |
| Townhouse (combined) | 832 | $786,817 | $797,856 | $784,086 | -8.6% | -9.5% |
| Condo apartment | 1,330 | $617,593 | $651,648 | $549,868 | -3.6% | -2.6% |
Detached sales were slightly higher than last year, while their average price fell 1.8%. The Toronto detached average was $1,525,749, compared with $1,218,148 in the 905 area. The $307,601 difference is a comparison of the homes that sold, not a premium that can be applied to every comparable house.
Townhouses showed a larger annual decline in both sales and average price. However, the headline category combines attached/row/townhouses and condo townhouses. Separating them changes the budget discussion considerably.
| Property category | Sales | Average selling price |
|---|---|---|
| Detached | 2,399 | $1,288,669 |
| Semi-detached | 439 | $931,665 |
| Attached/row/townhouse | 437 | $882,060 |
| Condo townhouse | 395 | $681,447 |
| Condo apartment | 1,330 | $617,593 |
| Link | 42 | $846,832 |
| Co-op apartment | 7 | $812,500 |
| Detached condo | 7 | $752,286 |
| Co-ownership apartment | 1 | $605,000 |
The average attached/row/townhouse sold for $200,613 more than the average condo townhouse. That gap is calculated from the reported averages; location, size, condition and ownership arrangements can all differ. Monthly maintenance costs also matter when comparing purchase budgets. The very small samples for co-op apartments, detached condos and co-ownership apartments are not a reliable basis for broad pricing conclusions.
For a plain-language explanation of these categories, read our guide to house types in Canada.
Toronto, Mississauga and Brampton condo apartments
| Area | Sales | Average price | Median price | Active listings | Avg. listing days |
|---|---|---|---|---|---|
| City of Toronto | 885 | $651,648 | $550,000 | 4,938 | 39 |
| Mississauga | 109 | $495,052 | $500,000 | 849 | 45 |
| Brampton | 21 | $434,457 | $425,000 | 202 | 71 |
| All TRREB areas | 1,330 | $617,593 | $530,000 | 7,882 | 41 |
Condo apartments accounted for 26.3% of all August sales. In the City of Toronto they represented about half of sales: 885 of 1,767 transactions. That large condo share helps explain why the city’s all-home average was below $1 million even though its detached average exceeded $1.5 million.
Brampton’s condo apartment sample was only 21 sales. Its 71-day average listing time deserves attention, but it should not be treated as the expected selling time for every unit. Compare the building, bedroom count, parking, fees and recent competing sales before drawing a pricing conclusion.
GTA home prices by region and municipality
| Area | Sales | Average price | Median price | New listings | Active listings | Inventory trend (months) |
|---|---|---|---|---|---|---|
| Halton | 571 | $1,110,436 | $957,000 | 1,201 | 2,413 | 4.2 |
| Peel | 940 | $908,415 | $850,000 | 2,298 | 4,706 | 4.9 |
| Toronto | 1,767 | $979,684 | $770,000 | 4,200 | 8,727 | 4.6 |
| York | 971 | $1,179,938 | $1,041,800 | 2,389 | 4,919 | 5.0 |
| Durham | 602 | $819,569 | $766,000 | 1,423 | 2,467 | 3.4 |
| Dufferin coverage | 28 | $755,759 | $755,378 | 59 | 143 | 4.5 |
| Simcoe coverage | 178 | $810,904 | $780,000 | 505 | 1,107 | 6.0 |
York recorded the highest regional average in this table, at $1,179,938. Durham’s average was $819,569, with a shorter inventory trend of 3.4 months. Peel averaged $908,415 and Halton $1,110,436. These are different baskets of homes, not a ranking of equivalent properties.
The source report includes selected communities outside the conventional five-region GTA. Its Dufferin and Simcoe rows refer to the report’s market coverage and should not be presented as complete county-wide results. TRREB publishes a separate Simcoe County report.
| Area | Sales | Average price | Median price | New listings | Active listings | Inventory trend (months) |
|---|---|---|---|---|---|---|
| Burlington | 193 | $1,020,937 | $897,000 | 373 | 706 | 3.6 |
| Halton Hills | 53 | $922,377 | $835,000 | 121 | 247 | 4.1 |
| Milton | 122 | $977,576 | $900,000 | 286 | 503 | 3.9 |
| Oakville | 203 | $1,324,472 | $1,200,000 | 421 | 957 | 4.9 |
| Brampton | 440 | $886,865 | $826,500 | 1,006 | 1,904 | 4.8 |
| Caledon | 65 | $1,120,586 | $1,020,000 | 170 | 441 | 6.7 |
| Mississauga | 435 | $898,510 | $842,000 | 1,122 | 2,361 | 4.8 |
| City of Toronto | 1,767 | $979,684 | $770,000 | 4,200 | 8,727 | 4.6 |
| Aurora | 49 | $1,105,004 | $942,000 | 121 | 279 | 4.9 |
| East Gwillimbury | 29 | $1,058,938 | $999,999 | 106 | 200 | 5.4 |
| Georgina | 57 | $819,910 | $815,000 | 184 | 404 | 6.3 |
| King | 21 | $1,851,310 | $1,725,000 | 69 | 225 | 11.4 |
| Markham | 282 | $1,208,692 | $1,095,000 | 584 | 1,091 | 4.1 |
| Newmarket | 83 | $1,048,321 | $1,000,000 | 160 | 301 | 4.2 |
| Richmond Hill | 161 | $1,205,777 | $1,068,888 | 449 | 933 | 5.6 |
| Vaughan | 242 | $1,234,758 | $1,148,750 | 593 | 1,198 | 4.9 |
| Stouffville | 47 | $1,158,512 | $1,014,250 | 123 | 288 | 5.0 |
| Ajax | 72 | $871,853 | $836,500 | 172 | 285 | 2.9 |
| Brock | 13 | $710,997 | $695,463 | 47 | 104 | 6.1 |
| Clarington | 103 | $733,960 | $725,000 | 249 | 396 | 3.2 |
| Oshawa | 143 | $652,775 | $645,000 | 369 | 640 | 3.6 |
| Pickering | 105 | $935,490 | $858,000 | 216 | 398 | 3.7 |
| Scugog | 18 | $819,217 | $825,000 | 59 | 141 | 5.1 |
| Uxbridge | 19 | $1,194,026 | $985,000 | 37 | 103 | 5.3 |
| Whitby | 129 | $905,123 | $850,000 | 274 | 400 | 2.9 |
| Orangeville | 28 | $755,759 | $755,378 | 59 | 143 | 4.5 |
| Adjala-Tosorontio | 8 | $944,750 | $1,000,000 | 28 | 97 | 8.0 |
| Bradford | 39 | $878,754 | $840,000 | 84 | 177 | 4.7 |
| Essa | 22 | $776,223 | $675,000 | 77 | 136 | 4.9 |
| Innisfil | 54 | $741,394 | $751,500 | 189 | 431 | 7.4 |
| New Tecumseth | 55 | $825,444 | $775,000 | 127 | 266 | 5.4 |
Toronto: The city averaged $979,684, with a median of $770,000. The difference matters: half of transactions were at or below the median, while the average was pulled by the full range of sale prices. Toronto Central’s average of $1,051,186 and median of $690,000 show how much the two measures can diverge.
Mississauga and Brampton: The all-home averages were $898,510 and $886,865, respectively, a difference of $11,645. That narrow gap does not mean a similar house costs nearly the same in both cities. Their condo, townhouse and detached sales mixes differ. Use the municipality totals to understand activity, then compare the relevant property type and neighbourhood. Our Mississauga vs Brampton buying guide adds practical location considerations.
Oakville and Durham: Oakville averaged $1,324,472 across 203 sales. Within Durham, Oshawa averaged $652,775, while Whitby averaged $905,123. A buyer comparing those locations should also compare the kinds of homes sold and daily travel needs. A city average cannot answer what a specific budget buys on a particular street.
Smaller markets: King’s $1,851,310 average came from 21 sales; Adjala-Tosorontio’s $944,750 came from eight. A few unusually expensive or inexpensive transactions can move small-area averages sharply.
Benchmark prices: what the MLS Home Price Index shows
The average price reflects the particular homes sold during the month. The MLS Home Price Index is designed to track price movements while accounting for housing characteristics. Its benchmark price represents a modelled typical home for a defined market. It is neither the median sale price nor an appraisal of an individual property.
| HPI category | Benchmark price | Annual change |
|---|---|---|
| Composite | $925,900 | -4.46% |
| Single-family detached | $1,209,600 | -4.50% |
| Single-family attached | $919,000 | -4.40% |
| Townhouse | $666,500 | -6.18% |
| Apartment | $531,200 | -7.08% |
| Municipality | Composite benchmark | Annual change |
|---|---|---|
| Toronto | $918,400 | -3.73% |
| Mississauga | $874,400 | -4.65% |
| Brampton | $834,800 | -5.80% |
| Oakville | $1,135,400 | -3.13% |
| Burlington | $849,900 | -2.97% |
| Milton | $862,300 | -3.22% |
| Markham | $1,055,300 | -6.42% |
| Richmond Hill | $1,160,000 | -6.97% |
| Vaughan | $1,124,400 | -4.99% |
| Oshawa | $705,200 | -5.80% |
| Whitby | $908,000 | -5.04% |
| Ajax | $838,800 | -4.55% |
Apartment benchmark prices were down 7.08% across the report area, compared with a 3.6% decline in the average condo apartment selling price. Those measures answer different questions and should not be substituted for one another. The HPI categories also should not be assumed to map perfectly onto every transaction category in the earlier table.
TRREB described the seasonally adjusted composite HPI as essentially flat from July, while the seasonally adjusted average price edged higher. This is evidence of a different short-term pattern from the annual decline, not proof that a lasting recovery has begun.
How many homes sold within each price range?
| Selling price | Detached | Semi | Attached/row/townhouse | Condo townhouse | Condo apartment | All types |
|---|---|---|---|---|---|---|
| Under $200,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| $200,000–$299,999 | 3 | 0 | 0 | 2 | 10 | 17 |
| $300,000–$399,999 | 7 | 0 | 0 | 9 | 173 | 191 |
| $400,000–$499,999 | 19 | 3 | 1 | 37 | 340 | 400 |
| $500,000–$599,999 | 50 | 10 | 14 | 84 | 339 | 498 |
| $600,000–$699,999 | 103 | 43 | 59 | 121 | 196 | 535 |
| $700,000–$799,999 | 206 | 80 | 104 | 72 | 93 | 570 |
| $800,000–$899,999 | 295 | 122 | 90 | 30 | 59 | 602 |
| $900,000–$999,999 | 282 | 77 | 71 | 19 | 34 | 489 |
| $1,000,000–$1,249,999 | 520 | 62 | 74 | 10 | 29 | 706 |
| $1,250,000–$1,499,999 | 372 | 21 | 19 | 9 | 17 | 438 |
| $1,500,000–$1,749,999 | 180 | 11 | 1 | 0 | 17 | 209 |
| $1,750,000–$1,999,999 | 125 | 2 | 1 | 2 | 6 | 136 |
| $2,000,000+ | 237 | 8 | 3 | 0 | 17 | 266 |
The all-types column also includes link homes, co-ops, detached condos and co-ownership apartments, so it can exceed the sum of the five displayed categories. There were 1,106 sales below $600,000, or approximately 21.9% of all sales. Of those, 862 were condo apartments. These shares are Local Toronto calculations from the price-band table.
A further useful dividing line is $1 million: 3,302 sales, or approximately 65.3%, were below that amount. This describes completed transactions across the entire report area. It does not show how many suitable listings are currently available, whether they meet a lender’s requirements, or what a buyer’s total monthly cost would be.
2025 vs 2026: monthly sales and average prices
| Month | 2025 sales | 2025 average | 2026 sales | 2026 average |
|---|---|---|---|---|
| January | 3,819 | $1,041,187 | 3,044 | $968,468 |
| February | 4,127 | $1,086,586 | 3,834 | $1,007,392 |
| March | 4,956 | $1,090,372 | 4,992 | $1,015,058 |
| April | 5,556 | $1,106,505 | 5,918 | $1,051,810 |
| May | 6,195 | $1,120,716 | 6,550 | $1,069,621 |
| June | 6,191 | $1,101,854 | 6,745 | $1,059,183 |
| July | 6,046 | $1,050,529 | 5,980 | $1,003,763 |
| August | 5,168 | $1,021,300 | 5,057 | $993,410 |
January through August 2026 produced 42,120 sales and a year-to-date average of $1,027,505. The comparable months in the report’s revised 2025 series total 42,058 sales. That is a calculated increase of about 0.15%, indicating broadly similar transaction volume over those eight months despite variation from month to month.
August’s raw average price was approximately 1.0% below July’s $1,003,763, and sales were approximately 15.4% lower. These calculations are not seasonally adjusted. They should not be used to contradict TRREB’s seasonally adjusted assessment or to describe the full decline as a new market shock. Summer timing and the mix of homes sold affect raw monthly results.
What the August numbers mean for buyers and sellers
For buyers: compare the market you are entering
Start with a property type and a small geographic area. A city-wide average combines homes with very different sizes, ages and ownership costs. Recent sales in the same condo building or comparable nearby streets usually provide a more useful starting point for an offer than a GTA headline.
Lower annual prices do not automatically make a purchase affordable. Build a budget that includes financing, property tax, insurance, maintenance and any condominium fees. Keep funds for closing costs and unexpected repairs. The price-band table is a way to understand where transactions occurred, not an affordability approval.
Watch new competing listings and completed comparable sales while you search. Falling inventory can reduce choice, but a property that has been listed for several weeks is not automatically overpriced. Condition, access for showings, timing and a seller’s expectations can all affect the sale process. Our GTA home-buying questions and answers covers the practical checks to make along the way.
For sellers: price against recent evidence
The lower active-listing count is useful context, but buyers were still taking time to decide. The 51-day average property selling period suggests that planning should allow for more than a quick first-week sale. It is an average for properties that sold, not a promise or an estimate of how long every current listing will take.
Compare your home’s condition, lot, layout and location with recent sales, then examine the alternatives a buyer can visit this week. A sale from a different market period or a larger renovated property can create an unrealistic price anchor. Reassess if showings, enquiries and comparable sales point in a different direction. See our Toronto and GTA home-selling guide for preparation and pricing considerations.
For anyone watching the next report
Look for agreement between several measures: sales relative to new listings, active inventory, time on market and HPI movement. One rising average-price figure can reflect a more expensive mix of transactions. One low-inventory month can reflect fewer sellers entering the market. A stronger conclusion needs evidence across time and within the relevant local market.
TRREB raised the possibility that tighter inventory could eventually support renewed price growth. That is a conditional outlook, not an observed August price increase or a guarantee. This report does not identify a market bottom or predict future prices.
Toronto housing market questions
What was the average Toronto home price in August 2026?
The City of Toronto average was $979,684 across all home types. The broader TRREB market-area average was $993,410. Toronto’s median was $770,000. These are distinct measures and geographies.
Were GTA house prices falling?
The all-home average was 2.7% below August 2025, and the composite HPI benchmark was 4.46% lower. TRREB described the seasonally adjusted HPI as essentially flat compared with July. Annual and monthly comparisons can therefore tell different stories.
Is this a buyer’s market or a seller’s market?
The report does not justify one label for every property. Supply was lower than a year earlier, but average selling times were longer. TRREB’s area-wide inventory trend was 4.6 months, with considerable local variation. Examine comparable properties and the trend definition before applying a market label.
What is the difference between listing days and property days?
Listing days measure how long a sold listing was on the market. Property days account for repeated listings by the same seller and brokerage during the original listing contract period. In August the respective averages were 35 and 51 days. Neither measures the age of all currently unsold listings.
Does the GTA average tell me what my home is worth?
No. Your home’s location, property type, size, condition and recent comparable sales matter. Average and benchmark prices provide market context; neither replaces a property-specific assessment.
Why might an older report show different historical numbers?
TRREB revises past monthly and year-to-date data. It also notes that the addition of client boards to the PropTx MLS System has changed historical coverage. Use a consistent data release when making comparisons.
Read the full TRREB August 2026 Market Watch report
The complete 27-page report includes the detailed property-type, municipal, Toronto district, historical and Home Price Index tables behind this article. Published by the Toronto Regional Real Estate Board.
Open the full August 2026 report (PDF). You can save a copy using your browser’s PDF download control.
View the complete report within this article
The embedded viewer displays the original PDF hosted by TRREB. If your browser does not display it, use the PDF link above.
Sources, coverage and calculation notes
- TRREB August 2026 Market Watch, full 27-page PDF: page 1 for headline and 416/905 comparisons; page 2 for property categories and price bands; pages 3–4 for geography; page 15 for condo apartments; page 25 for HPI; page 27 for monthly history and definitions. The PDF also contains the complete detailed property-type and Toronto district tables.
- TRREB Market Watch landing page: August commentary and the historical-revision notice. On October 1, the main GTA download button pointed to July, while the August commentary’s full-report link pointed to the August PDF used here.
- TRREB historical dashboard and interactive HPI dashboard: official resources for further historical research.
All tables on this page are editorial selections or reorganizations of reported data, rather than a reproduction of every table in the PDF. Sales and prices refer to firm transactions entered during the reporting period. Active listings are measured at month-end. Dollar figures are nominal and not adjusted for inflation. Annual percentage changes are TRREB’s published rounded values except where explicitly labelled as Local Toronto calculations.
The interactive explorer runs from the same fixed data used in the tables. It does not collect financial details, load a third-party chart service or refresh automatically. The CSV contains the municipal rows currently matching your search. For a fresh market assessment, check the next TRREB release and comparable sales in the area you are considering.