August in the GTA: 5,057 sales and the quietest listing month of the year
The board’s August figures show sales down 16 per cent from July and new listings down more. Both halves of that matter.
The Toronto Regional Real Estate Board reported 5,057 sales across its area in August 2026, at an average price of $993,410 and a median of $850,000. In July there were 5,995 sales at an average of $1,003,956.
New listings fell further than sales: 12,075 in August against 14,484 in July. Active listings at month end were 24,482, down from 26,098. Homes sold for 97 per cent of the asking price on average in both months.
Why the listings number is the interesting one
A fall in sales on its own reads as weakening demand. A fall in sales alongside a larger fall in new listings reads differently: fewer buyers, but fewer homes competing for them, which is why the share of asking price achieved did not move. August is also the month sellers most reliably sit out, so a single month says less than the direction over several.
Averages and medians disagree, and should
The average was $993,410 and the median $850,000 — a gap of $143,000. The average is pulled upward by a small number of very expensive sales; the median is the middle sale, and is the better number for asking what a typical home did. When the two move in different directions, it usually means the mix of what sold changed rather than the price of any particular house.
Homula loads the board’s Market Watch within a day of publication and keeps every month, by region and municipality.
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.