The latest GTA market numbers are still one of the most important stories heading into fall. TRREB reported 5,057 home sales in August 2026, down 2.1% from a year earlier. But the bigger number may be new listings: only 12,075 homes came onto the market, a 14.1% decline from August 2025.
Why is that important? Because buyers care about more than just price. They also care about choice. When fewer homes are available, buyers searching for a particular school district, neighbourhood, or property type can suddenly find themselves competing for a much smaller group of listings.
Prices are still lower than a year ago. The average GTA selling price was $993,410, down 2.7%, while TRREB’s benchmark price was down 4.5%. That means the market still offers opportunities for buyers, but the combination of lower prices and shrinking supply may not last forever.
For sellers, this is encouraging. A well-priced home could stand out more as inventory tightens. But this is not a market where sellers can simply ask any price. Buyers remain cautious, and properties that are priced too aggressively can still sit.
The key question heading into fall is simple: will prices stay soft, or will shrinking inventory start pushing them higher? For buyers who are financially ready, that makes the next few months especially interesting. For sellers, it may be worth checking how much competition actually exists in their neighbourhood before deciding to wait.
Source: Toronto Regional Real Estate Board (TRREB), August 2026 Market Watch, released September 3, 2026.