Two numbers that tell you the temperature better than price does
Days on market and the sold-to-list ratio move before prices do. They are also the two figures most easily reset by relisting.
Price is a lagging indicator. A seller who will not accept less simply does not sell, so a cooling market shows up first as homes taking longer and closing further below asking — and only later as a lower average price.
Sold-to-list
The ratio of selling price to asking price was 97 per cent across the TRREB area in both July and August 2026. Above 100 per cent means competing offers were normal; in the high 90s means most homes sold with a negotiation; in the low 90s means asking prices are ahead of what buyers will pay.
Days on market, and the trap in it
The board reported an average of 32 days on market for the current listing in July. That figure is per listing, not per property — and a home withdrawn and relisted starts the count again at zero. The practice is common: measured across the board’s history, 227,973 listings at 136,022 properties began within 120 days of a previous listing at the same address ending.
A home showing twelve days on market may have been for sale for five months. That is not necessarily anybody behaving badly — sellers change agent, renovate, withdraw and reconsider — but a buyer negotiating on the assumption of twelve days is negotiating against the wrong number.
Homula reassembles every listing at an address into one selling effort and reports the total, alongside what the current listing claims. It states the fact and never the motive: the dates are checkable, and why a home was relisted is not something a database knows.
Sources
Figures are as reported by the sources above on the date of publication. Nothing here is advice about a particular property or a particular household — for that, ask someone who can see your circumstances.