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 $874,400 and an average price of $898,510. Total sales for the month reached 435, with new listings at 1,122 and active listings totaling 2,361.

Market Analysis

The Toronto real estate market remains balanced as of August 2026, with a months of inventory (MOI) at 5.4, indicating a stable supply relative to demand. The sales-to-new-listings ratio (SNLR) stands at 38.8%, suggesting that while sales are lower than previous months, the market is not overly saturated. Compared to July 2026, total sales decreased from 500 to 435, reflecting a seasonal slowdown typical for this time of year, while active listings have slightly decreased from 2,518 to 2,361.

Property Type Analysis

Data specific to property types is currently unavailable; however, the overall market dynamics indicate a balanced environment across all home types. Buyers may find opportunities in various segments as the market adjusts to current economic conditions, with a notable year-over-year price decline of 4.7%.

Regional Highlights

Regionally, the market shows signs of stabilization, with the average price remaining relatively consistent despite the slight decline from July's average of $880,200. The increase in new listings to 1,122 suggests that sellers are responding to current market conditions, which may help to alleviate some pressure on prices moving forward.

For Buyers

Prospective buyers are encouraged to take advantage of the current balanced market conditions. With a variety of listings available and prices showing a slight decline year-over-year, buyers may find favorable opportunities to negotiate and secure properties that meet their needs.

For Sellers

Sellers should remain realistic about pricing in the current market, especially given the year-over-year price decline of 4.7%. It is advisable to present homes in their best condition and to consider pricing strategies that reflect current market dynamics to attract potential buyers.