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 $647,600 and an average price of $778,870. Total sales reached 231, with new listings at 602 and active listings totaling 1,215.

Market Analysis

The Toronto real estate market remains balanced as of August 2026, with a months of inventory (MOI) at 5.3. This indicates that the supply of homes is adequate to meet current demand, contributing to a stable market environment. The sales-to-new-listings ratio (SNLR) stands at 38.4%, suggesting that while sales are lower than new listings, the market is not experiencing significant oversupply.

Property Type Analysis

Data for specific property types, including detached, attached/townhouse, and apartments, is currently unavailable. However, the overall market dynamics indicate that the demand for various property types may vary, reflecting the broader trends in buyer preferences and economic conditions.

Regional Highlights

The total sales in August decreased from 277 in July 2026, reflecting a seasonal slowdown typical for this time of year. Active listings have also decreased slightly from 1,279 in July, indicating that while new listings are being added, the overall inventory is stabilizing as sales adjust to current market conditions.

For Buyers

Buyers are encouraged to take advantage of the current balanced market conditions. With a variety of listings available and a moderate MOI, buyers have the opportunity to negotiate and find properties that meet their needs without the pressure of a highly competitive environment.

For Sellers

Sellers should remain aware of the current market dynamics and the slight decrease in average prices, which have dropped by 6.3% year-over-year. Pricing properties competitively and being prepared for longer listing times may be necessary to attract potential buyers in this balanced market.