August 2026 Market UpdateIn August 2026, GTA new listings fell 14%, while sales remained fairly steady, down just 2%.With fewer homes available, competition could increase and put upward pressure on
August 2026 Market Update
Dated: September 11 2026
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August 2026 Market Update
In August 2026, GTA new listings fell 14%, while sales remained fairly steady, down just 2%.
With fewer homes available, competition could increase and put upward pressure on prices heading into the busy fall market.
As prices rise, more inventory is likely to come online as sellers look to take advantage of the upswing.
At the same time, buyers may feel a greater sense of urgency if they believe the market has already reached its bottom.
The short-term trend has remained relatively flat, with average sale price, sales volume, and the Home Price Index shifting by only a few percentage points.
Over the past year, buyers have benefited from plenty of choice, with homes available at more affordable levels than in previous years.
Here in the trenches, we’re seeing many buyers decide that now is a good time to purchase an entry-level home in Toronto or the surrounding municipalities, with some benefiting from both current market conditions and government HST rebates.
But once overall sentiment shifts back toward stability and steady growth, we could see an influx of demand as global uncertainty settles and Canada eventually lifts its ban on foreign investment in residential real estate.
Domestically, we’re seeing largely positive news for the economy, particularly in GDP and job growth. The main concern is whether the trade war and continued global instability could push inflation and interest rates higher.
All in all, we’re happy to report mostly positive developments, though it’s not all sunshine and roses. The Toronto Real Estate Board’s CEO is urging governments to keep removing barriers to affordable housing, including high taxes, development charges, restrictive zoning, and lengthy approval processes.
In particular, municipalities play a major role in determining how much housing gets built and how quickly projects move forward, making it important for each of us to hold elected representatives accountable for the priorities that matter most in our communities.
We may not be able to change the world, but we can all do our part as stewards of our local communities.
Here's what happened last month in the GTA:
HERE'S WHAT HAPPENED LAST MONTH IN THE GTA:
• Greater Toronto Area REALTORS reported 5,057 home sales in the GTA; a decrease of 2.1% compared to August 2025.
• There were 12,075 new listings in the GTA; a decrease of 14.1% compared to August 2025.
• The average selling price for all home types reportedly decreased by 2.7% compared to August 2025.
• The average condominium apartment price decreased by 3.6% compared to August 2025.
NEXT MONTH, WE’LL SEE IF SEPTEMBER KICKS OFF THE FALL SHOPPING SEASON — DO YOU THINK IT’LL BE A BUSY ONE? ONLY TIME WILL TELL.
Zubin Abuwalla
Zubin is an award-winning ReMax Realtor® with an impeccable track record of sales and customer service, having established himself as a Real Estate Agent that walks the walk, also being a passionate ....
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Toronto Real Estate Board (TRREB); All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating