GTA Market Watch August 2026 | Prices & Sales

The Greater Toronto Area recorded 5,057 home sales in August 2026, down 2.1% from August 2025.

New listings fell more sharply, while both the average selling price and TRREB's MLS Home Price Index Composite benchmark remained below year-ago levels.

August at a glance

GTA market numbers for August 2026

Home sales 5,057 Down 2.1% year over year

New listings 12,075 Down 14.1% year over year

Average selling price $993,410 Down 2.7% year over year

MLS HPI Composite -4.5% Year-over-year benchmark change

These are GTA-wide figures. They describe the Toronto Regional Real Estate Board reporting area as a whole. Results can differ significantly by municipality, neighbourhood, property type and price range.

Sales

5,057 homes sold in August

TRREB reported 5,057 residential sales through its MLS® System in August 2026.

That was 2.1% fewer sales than in August 2025.

The sales figure tells us how many transactions were reported across the GTA during the month. It does not tell us how activity was distributed across individual communities or property types.

New listings

12,075 properties entered the market

There were 12,075 new listings in August, down 14.1% compared with the same month last year.

New listings measure properties that entered the market during the reporting period. They are different from total active inventory, which measures the homes available for sale at a particular point in time.

That distinction is important when interpreting supply. A decline in new listings does not, by itself, tell us the total number of homes buyers could choose from during the month.

Prices

The average selling price was $993,410

The GTA average selling price was $993,410 in August 2026, down 2.7% from August 2025.

The average selling price is calculated from the homes that actually sold during the month. Because the mix of properties changing hands can shift, the average can move even when individual market segments behave differently.

Home Price Index

The MLS HPI Composite benchmark was down 4.5%

TRREB also reported that the MLS Home Price Index Composite benchmark was 4.5% lower than a year earlier.

The HPI is not the same thing as the average selling price. It tracks price movement using benchmark homes with defined characteristics rather than simply averaging every transaction that occurred during the month.

Average selling price

An arithmetic average based on the homes that sold during the reporting period.

MLS HPI benchmark

A measure designed to track price movement for benchmark homes with defined attributes.

Reading the numbers

No single GTA statistic describes every property

The August report gives us a broad view of activity across the GTA, but each number answers a different question.

Sales measure completed transactions. New listings measure properties entering the market. Average price reflects the mix of homes that sold. The HPI tracks benchmark price movement.

Those figures are useful for understanding the direction of the regional market. They should not be treated as a valuation for an individual property or as proof that every neighbourhood moved in the same direction.

Common questions

GTA housing market FAQ for August 2026

How many homes sold in the GTA in August 2026?

TRREB reported 5,057 residential sales, down 2.1% from August 2025.

How many new listings were there?

TRREB reported 12,075 new listings in August 2026, down 14.1% year over year.

What was the average GTA selling price?

The average selling price was $993,410, which was 2.7% below August 2025.

What happened to the GTA MLS HPI benchmark?

The MLS HPI Composite benchmark was down 4.5% compared with a year earlier.

Is the average price the same as the HPI benchmark?

No. The average price is based on the homes that sold during the month. The HPI tracks price movement using benchmark homes with defined characteristics.

Why might older TRREB figures be different?

TRREB has advised that historical data have been revised as additional PropTx MLS® boards were incorporated. Current historical series may therefore differ from figures published in earlier static reports.

Sources and reporting note

TRREB released the August 2026 figures on September 3, 2026. Historical figures may be revised, so current TRREB data should be used rather than mixing figures from older static reports.

Regional market statistics describe a reporting area and period. They do not establish the market value or expected sale price of an individual property.

Data checked September 9, 2026. REALTOR® is a registered trademark of the Canadian Real Estate Association.

Have a specific property in mind?

Regional numbers are the starting point.

If you want to understand how current market evidence relates to a particular property, neighbourhood or purchase, send me the details and we can look at the relevant local data.

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