In August 2026, we saw the average home price in the Greater Toronto Area dip below $1 million—only the second time this year. Sales dropped by 2.1% and prices by 2.7%. Detached homes were averaging $1.29M, semis at $932K, townhouses at $787K, and condos at $618K. New listings also declined by 14.1%. As someone who has guided countless clients through changing markets across the GTA and beyond, I understand how fluctuations like these can shape your decisions, whether you’re buying, selling, or investing. My focus remains on making sure your real estate experience is timely and hassle-free, no matter where market trends are heading.
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