Toronto Regional Real Estate Board Reports Balanced Market in August 2026

Toronto Regional Real Estate Board — August 2026

In August 2026, the Toronto Regional Real Estate Board reports a composite benchmark price of $925,900 and an average price of $993,410. Total sales reached 5,057, while new listings totaled 12,075, indicating a balanced market condition.

Market Analysis

The Toronto real estate market remains balanced as of August 2026, with a months of inventory (MOI) at 4.8. This is a slight increase from 4.4 in July 2026, reflecting a growing supply of homes available for sale. The sale-to-list ratio stands at 41.9%, suggesting that homes are selling at a steady pace, although the average price has seen a year-over-year decline of 4.5%. This price drop may indicate a cooling off from the previous highs experienced in earlier months.

Property Type Analysis

Currently, detailed breakdowns for property types such as detached, attached/townhouse, and apartments are not available. However, the overall market dynamics suggest that all property types are likely experiencing similar trends in terms of supply and demand, contributing to the balanced market conditions observed this month.

Regional Highlights

The total active listings in August 2026 stand at 24,482, a decrease from 26,098 in July 2026. This reduction in active listings, combined with a significant number of new listings, indicates a responsive market adjusting to buyer demand. The overall market activity reflects a healthy turnover, with 5,057 sales recorded this month.

For Buyers

Buyers are encouraged to take advantage of the current balanced market conditions. With a variety of new listings available, it is advisable to conduct thorough research and consider properties that meet their needs without rushing into decisions, as the market shows signs of stability.

For Sellers

Sellers should remain realistic about pricing in the current market climate, especially with a year-over-year price decline of 4.5%. It is essential to present homes well and be prepared for negotiations, as the increased inventory may lead to more competition among listings.