Toronto Regional Real Estate Board Reports August 2026 Market Trends

Toronto Regional Real Estate Board — August 2026

In August 2026, the Toronto Regional Real Estate Board reports a composite benchmark price of $1,164,000 and an average price of $1,158,512. Total sales reached 47, with 123 new listings entering the market.

Market Analysis

The Toronto real estate market continues to exhibit buyer-favorable conditions, with a sales-to-new-listings ratio (SNLR) of 38.2%. This indicates that while new listings are being introduced, buyer activity remains subdued compared to previous periods. The total active listings stand at 288, reflecting a slight decrease from July's 298, contributing to a months of inventory figure of 6.1, which suggests a balanced market leaning towards buyers. Year-over-year, the average price has decreased by 5.2%, indicating a cooling trend in the market as buyers exercise more caution in their purchasing decisions.

Property Type Analysis

Currently, detailed breakdowns for specific property types such as detached homes, attached/townhouses, and apartments are not available. However, the overall market dynamics suggest that all property types are experiencing similar pressures, with buyers being more selective and price-sensitive in their choices. The absence of specific benchmark prices for these categories indicates a need for further analysis as the market evolves.

Regional Highlights

In Whitchurch-Stouffville, the average price stands at $1,158,512, with a median price of $1,014,250. The area has seen a consistent number of new listings, totaling 123 this month, which aligns with the overall trend of increased inventory. The average days on market (DOM) is reported at 44 days, suggesting that properties are taking longer to sell, reflecting the current buyer-driven market conditions.

For Buyers

For prospective buyers, this market presents an opportunity to negotiate better terms and prices due to the current buyer-favorable conditions. With a variety of listings available, buyers are encouraged to conduct thorough research and consider their options carefully, as prices have shown a downward trend.

For Sellers

Sellers should be mindful of the current market dynamics and price their properties competitively to attract potential buyers. With a higher number of active listings, it is crucial to present homes in the best possible condition and be prepared for longer selling times, as the market is currently favoring buyers.