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 $929,600 and an average price of $970,538. Total sales decreased to 35, while new listings rose to 105, indicating a balanced market condition.

Market Analysis

The Toronto real estate market in August 2026 exhibits balanced conditions, with a months of inventory (MOI) at 5.7, up from 3.0 in July. This increase in inventory suggests that supply is beginning to catch up with demand, as evidenced by the total sales dropping from 65 in July to 35 in August. The sales-to-new-listings ratio (SNLR) stands at 33.3%, indicating that while new listings are entering the market, buyer activity has not kept pace, leading to a more stable pricing environment.

Property Type Analysis

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

Regional Highlights

Regionally, the increase in new listings to 105 compared to the previous month indicates a growing willingness among sellers to enter the market. This trend may provide more options for buyers, which could further stabilize prices. The year-over-year price change of +2.6% reflects a modest appreciation, suggesting that while the market is balanced, there is still some upward pressure on prices.

For Buyers

For buyers navigating the current market, it is advisable to take advantage of the increased inventory. With more options available, buyers should conduct thorough research and be prepared to act quickly on properties that meet their criteria, as the balanced market may not last indefinitely.

For Sellers

Sellers are encouraged to price their homes competitively, given the current market conditions. With a balanced market and an increase in new listings, it is essential to present properties well and consider strategic pricing to attract potential buyers.