GTA Real Estate Market Snapshot: August 2026
A monthly, data-first look at Greater Toronto Area home prices, sales, inventory and days on market — updated automatically from the latest figures.
The average Greater Toronto Area home sold for $993,410 in August 2026, down 2.7% year over year. With 4.6 months of supply and homes taking 51 days to sell on average, the GTA is in a buyer's market.
What is the average GTA home price right now?
The average selling price across the Greater Toronto Area was $993,410 in August 2026. That is a −2.7% change from the same month a year earlier. The MLS Home Price Index benchmark — which strips out changes in the mix of homes sold — sat at $925,900 (−4.5% YoY).
GTA prices by property type (August 2026)
| Metric | Value | Year over year |
|---|---|---|
| Average price (all types) | $993,410 | −2.7% |
| HPI benchmark | $925,900 | −4.5% |
| Detached average | $1,288,669 | −1.8% |
| Condo apartment average | $617,593 | −3.6% |
Is it a buyer's or seller's market in the GTA?
With 4.6 months of inventory, the GTA is currently a buyer's market. Under two months of supply favours sellers; four months or more favours buyers. Homes are averaging 51 days on market before selling.
- Sales: 5,057 homes changed hands (−2.1% YoY).
- New listings: 12,075 (−14.1% YoY).
- Active listings: 24,482 (−11.3% YoY).
- Bank of Canada policy rate: 2.25%.
What does this mean for buyers and sellers?
For buyers, a buyer's market means more choice and stronger negotiating room than in the frenzied years of the pandemic. For sellers, accurate pricing and strong presentation matter more when homes sit for 51 days.
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Source: TRREB Market Watch. Figures for August 2026, as of August 1, 2026. Data deemed reliable but not guaranteed.