Toronto Regional Real Estate Board Market Report - August 2026

Toronto Regional Real Estate Board — August 2026

In August 2026, the Toronto real estate market shows signs of a buyer's market, with a composite benchmark price of $749,800 and an average price of $701,795. Total sales decreased to 59, while new listings rose to 168, indicating a shift in supply and demand dynamics.

Market Analysis

The Toronto real estate market is currently experiencing a buyer's market, characterized by a months of inventory (MOI) of 6.6, which is an increase from 5.0 in July 2026. The rise in active listings to 392, coupled with a decrease in total sales from 82 in July to 59 in August, suggests that buyers have more options available, leading to a more competitive environment for sellers. Additionally, the year-over-year price change reflects a decline of 4.3%, indicating that prices are adjusting to current market conditions.

Property Type Analysis

Data on specific property types, including detached, attached/townhouses, and apartments, is currently unavailable. However, the overall market trend suggests that buyers may find better opportunities in various segments, particularly as inventory levels rise and prices stabilize.

Regional Highlights

Regionally, the increase in new listings to 168 indicates a growing willingness among sellers to enter the market, despite the current downward pressure on prices. This trend may lead to further adjustments in pricing strategies as sellers respond to the evolving market conditions.

For Buyers

For buyers, this is an opportune time to enter the market, given the increased inventory and declining prices. Buyers are encouraged to take advantage of the variety of options available and to conduct thorough research to identify properties that meet their needs.

For Sellers

Sellers should be prepared for a competitive landscape, as the increase in active listings means more choices for buyers. It is advisable for sellers to price their properties competitively and consider staging to enhance appeal in a market where buyers have the upper hand.