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<\/p>\nTORONTO, ONTARIO, September 3, 2026 \u2013 The number of homes available for sale in August 2026 was down noticeably compared to last year in the Greater Toronto Area (GTA). Following this trend, home sales also edged lower, as the number of transactions was arguably limited by less choice in some neighbourhoods. Less choice and more competition between buyers could ultimately result in renewed price growth in the months ahead. GTA REALTORS\u00ae reported 5,057 home sales through TRREB\u2019s MLS\u00ae System in August 2026 \u2013 down 2.1 per cent compared to August 2025. New listings entered into the MLS\u00ae System amounted to 12,075 \u2013 down by 14.1 per cent year-over-year. On a seasonally adjusted basis, August 2026 home sales were down slightly month-over-month compared to July 2026, while new listings were up.<\/p>\n
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\u201cIf inventory tightens and home prices begin to rise, some buyers may face a trade-off between waiting for greater economic certainty and purchasing before prices move higher. At the same time, improving market conditions for sellers could bring more listings to market, providing buyers with additional choice,\u201d said Toronto Regional Real Estate Board (TRREB) President Daniel Steinfeld. The MLS\u00ae Home Price Index (MLS\u00ae HPI) Composite benchmark was down by 4.5 per cent year-over-year in August 2026. The average selling price, at $993,410, was down by 2.7 per cent. On a month-over-month seasonally adjusted basis, MLS\u00ae HPI Composite was essentially flat compared to July 2026. The average selling price edged up over the previous month.<\/p>\n
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\u201cOwnership housing in the GTA has remained relatively affordable over the past year, with average prices dipping and mortgage rates remaining somewhat flat. Recent news on the overall economy and job creation has been positive. The main hold-back for many households has been concerns around trade with the United States and the potential for higher inflation and borrowing costs in the future,\u201d said TRREB\u2019s Chief Information Officer Jason Mercer. \u201cA more balanced resale market is a positive development, but it does not address Ontario\u2019s ongoing housing supply and affordability challenges. Governments should take advantage of this opportunity to eliminate barriers to attainable housing, including restrictive zoning policies, high taxes and development charges, and lengthy approval processes. Municipalities, in particular, play a significant role in determining how much housing is built, how quickly projects move forward, and the overall cost of delivering homes,\u201d said TRREB CEO John DiMichele.<\/p>\n","protected":false},"excerpt":{"rendered":"
TORONTO, ONTARIO, September 3, 2026 \u2013 The number of homes available for sale in August 2026 was down noticeably compared to last year in the Greater …<\/p>\n","protected":false},"author":2,"featured_media":728,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-727","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-updates"],"yoast_head":"\n