🏠 GTA Real Estate Market Update August 2026

I hope you had a wonderful summer! ☀️ With September here, the GTA real estate market is showing some interesting signs of change. August continued to see fewer homes come to market, with new listings down significantly compared to last year. At the same time, sales were also slightly lower, meaning buyers in some areas had less choice. August 2026 Market Highlights 📊 🏡 5,057 homes sold in August — down 2% compared to August 2025 🏘️ New listings fell 14% — with 12,075 new homes coming to market, continuing the trend of tightening inventory 💰 Average GTA sale price: $993,410 — down 2.7% from last year, but up month-over-month, an encouraging sign that prices may be starting to stabilize What's Driving the Market 🔍 So, what does this all mean? The biggest thing I'm watching heading into the fall is the number of homes available for sale. Although prices are still below where they were a few years ago, we're seeing fewer homes come onto the market and prices aren't falling as quickly as they were earlier this year. If fewer homes continue to come up for sale while more buyers start looking, we could see more competition and upward pressure on prices. This makes the fall market an interesting time for both buyers and sellers. What Does This Mean for You? 🔹 Buyers — The fall can bring more homes to choose from as sellers who waited through the summer decide to list. It can also be a good opportunity to take advantage of today's pricing before competition potentially increases. 🔹 Sellers — Fall has historically brought more buyers back into the market after the slower summer months. If you've been thinking about selling, this could be a good time to make a move — especially if your home is positioned well against the competition. 🔹 Planning Ahead — If you're not quite ready to move yet, it's never too early to start planning for Q1 of next year. Whether you're thinking about buying, selling, or simply want to understand what your options could look like, getting prepared now can put you in a much stronger position when the time comes. As always, if you're thinking about making a move this fall, planning for next year, or simply curious about what the market means for you, I'm always happy to chat. Please never hesitate to reach out — I look forward to connecting with you soon! 🍂 🗓️ Book a call with me: https://tinyurl.com/3d7xuchh 📝 DOWNLOAD our FREE Rental, Seller, or Buyer guide: https://www.larissafitzsimons.com/guides 📊 Use our handy mortgage calculator: https://tinyurl.com/3f6d78hn Follow Me on Social Media: Instagram, Facebook, TikTok: @rentbuyorselltoday Linkedin: Larissa Fitzsimons I'm Larissa, a Diamond Award-winning Realtor with Royal LePage Signature Realty, specializing in Toronto's downtown market. I love assisting first-time buyers, and have been ranked in the top 3% of Royal LePage Agents two years in a row. Outside work, I enjoy exploring new restaurants, staying active, and volunteering with DIBS Rescue, where I foster dogs with the help of my own rescue, Arya. If you're looking for a home (or a dog!), let's connect! The views presented here are exclusively those of Larissa Fitzsimons and do not represent the positions of Royal LePage or the TRREB. They should not be interpreted as guidance or a foundation for an agency relationship. It's recommended to seek advice from a professional advisor before making decisions based on the content of these videos. This message is not meant to provoke or lead to the violation of any current agency agreements. Additionally, this should not be considered as financial advice.