The Greater Toronto Area market has seen a slight cooling, with home sales in August down by 2.1% year-over-year to 5,057. Average prices dipped below the $1 million mark, falling 2.7% to $993,410, and benchmark prices are down 4.5%. While this seasonal slowdown is typical, it’s notable that affordability has improved. Having managed hundreds of transactions across Toronto and beyond—from Durham to Ottawa—I’ve seen how shifts like these can reveal new opportunities for buyers and investors. Whether you’re considering a move or an investment, staying informed is key to making the most of changing market conditions.
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