For only the second time this year, the average home price in the GTA has dipped below $1 million. In August 2026, sales were down 2.1% and prices slipped 2.7%. Detached homes averaged $1.29M, semis came in at $932K, townhouses at $787K, and condos at $618K. Meanwhile, new listings dropped by 14.1%.
I’ve watched Toronto’s market shift through many cycles over the past decade—each one brings its own set of opportunities and challenges for buyers and sellers alike. Whether you’re navigating your first purchase or considering your next move, these numbers are more than just statistics—they shape real decisions and dreams. My approach has always been about helping you understand what’s behind the data, so you can move forward with confidence.
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