Toronto's August, in charts you can touch.

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GTA REALTORS® reported 5,057 salesthrough TRREB’s MLS® in August 2026 — down 2.1 per cent from August 2025 — at an average price of $993,410, off 2.7 per cent year over year and back below the million-dollar line for only the second month of 2026. But the most striking number is on the other side of the market: sellers brought out 14.1 per cent fewer new listingsthan a year ago, and active inventory fell 11.3 per cent. This wasn’t buyers overwhelming supply or sellers flooding the market — both sides stepped back at once.

Listings took 35 days to sell on average, two days longer than last August, and the typical sale still closed at 97 per cent of the asking price. None of these moves is dramatic on its own — the point of the charts below is the shape of the trend, which a monthly press release can’t show.

At $993,410, the average is down 2.7 per cent from last August, 25.6 per cent below the February 2022 peak of $1,334,544, and under seven figures for the first time since January. The median tells a sharper story: $850,000, down 4.2 per cent year over year. The first chart puts fifteen years of average price and sales on one canvas — drag to zoom into any window. The 2017 spike, the 2022 peak and the long slide since are all visible in a way no single month’s number can convey.

Compare the City of Toronto proper against the board as a whole — the 416 and the 905 have been converging since the peak:

New listings fell 14.1 per cent year over year to 12,075 and active inventory dropped to 24,482. By the ratios it is still a buyer’s market — the sales-to-new-listings trend sits at 37.5 per cent and months of inventory at 4.6 — but the direction has changed: sellers who don’t have to sell are withdrawing rather than chasing the price down. A market that thins out on both sides is how price floors form; watch the months-of-inventory line below for the turn.

The split by home type is where the GTA story gets specific. Detached homes held up best, averaging $1,288,669 board-wide (−1.8 per cent year over year), while the condo segments led the decline: condo apartments averaged $617,593 (−3.8 per cent) and condo townhouses fell 7.8 per cent. Toggle measures and types in the live view:

August’s modest recovery didn’t happen in a vacuum — the Bank of Canada’s overnight rate sat at 2.25 per cent through the month, and the posted five-year mortgage rate, at 6.09 per cent, is well off its late-2023 peak above 7 per cent. The chart below overlays Toronto’s average price against the 5-year mortgage rate (inverted, so cheaper money plots upward) — the relationship that has driven every turn in this market since 2017:

Everything above, plus the cuts that don’t fit the written story — the seven visuals for this month’s market video, in the order they’re narrated. Every chart is live, so this page is current the morning you record it: scroll it top to bottom on screen share, or open any chart on its own for a full-bleed shot.

One honest gap: TRREB publishes a seasonally adjusted month-over-month HPI change, but the public feed carries the unadjusted benchmark, so chart 3 shows the year-over-year line rather than the seasonally adjusted monthly move. Quote the −4.5% and leave the month-over-month to TRREB’s release text.

Headline figures are from the Toronto Regional Real Estate Board’s Market Watch release for August 2026 (published September 3, 2026). Charts are live embeds of the Homies Stats TRREB explorer , which parses every Market Watch back to January 2011 into machine-readable series — 41 regions, five home types, eleven measures. Mortgage-rate context is Bank of Canada data via the same feed. One nuance worth knowing: TRREB’s release compares August 2026 against a revisedAugust 2025 (5,168 sales, $1,021,300 average), while the charts plot each month as it was first reported — so chart-computed year-over-year changes can differ from the release’s by a fraction of a point.