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GTA market update

The GTA housing market in August 2026

Every 27 municipalities TRREB reports on, and what the headline number hides.

Mudit Mehta · Broker of RecordTRREB data · August 2026
37.5%sales-to-new-listings · Buyer's market▲ 0.4 pts vs 37.1% last month
Months of inventory
4.6
Average price
$993,410
Sales
5,057
New listings
12,075

The GTA average describes almost nowhere

The region came in at 37.5%. Underneath that, King sat at 21.3% with 11.4 months of inventory and homes taking 61 days to sell, while Burlington reached 45.6% with 3.6 months.

Most room to negotiate

  1. King21.3%
  2. Georgina29.4%
  3. Caledon30.7%
  4. East Gwillimbury32.7%
  5. Richmond Hill33.1%

Tightest

  1. Burlington45.6%
  2. Ajax45.6%
  3. Whitby44.2%
  4. Clarington42.4%
  5. Toronto East41.6%

Every municipality, ranked

The same 27 municipalities as the table below, ordered by sales-to-new-listings instead of by region. 20 of 27 sat below the 40% line that conventionally marks a buyer's market.

Sales-to-new-listings by municipality, August 2026, ranked from lowest to highest King was lowest at 21.3% and Burlington highest at 45.6%, against a Greater Toronto Area figure of 37.5%. The full figures are in the table that follows.0%10%20%30%40%50%40% · buyer's market belowGTA 37.5%King: 21.3% sales-to-new-listings, Buyer's marketKing21.3%Georgina: 29.4% sales-to-new-listings, Buyer's marketGeorgina29.4%Caledon: 30.7% sales-to-new-listings, Buyer's marketCaledon30.7%East Gwillimbury: 32.7% sales-to-new-listings, Buyer's marketEast Gwillimbury32.7%Richmond Hill: 33.1% sales-to-new-listings, Buyer's marketRichmond Hill33.1%Brock: 33.4% sales-to-new-listings, Buyer's marketBrock33.4%Brampton: 34.3% sales-to-new-listings, Buyer's marketBrampton34.3%Aurora: 35.2% sales-to-new-listings, Buyer's marketAurora35.2%Scugog: 35.2% sales-to-new-listings, Buyer's marketScugog35.2%Uxbridge: 35.5% sales-to-new-listings, Buyer's marketUxbridge35.5%Mississauga: 35.9% sales-to-new-listings, Buyer's marketMississauga35.9%Oakville: 36.1% sales-to-new-listings, Buyer's marketOakville36.1%Toronto Central: 36.2% sales-to-new-listings, Buyer's marketToronto Central36.2%Vaughan: 36.8% sales-to-new-listings, Buyer's marketVaughan36.8%Whitchurch-Stouffville: 37.5% sales-to-new-listings, Buyer's marketWhitchurch-Stouffville37.5%Newmarket: 38.0% sales-to-new-listings, Buyer's marketNewmarket38.0%Oshawa: 39.5% sales-to-new-listings, Buyer's marketOshawa39.5%Toronto West: 39.6% sales-to-new-listings, Buyer's marketToronto West39.6%Halton Hills: 39.7% sales-to-new-listings, Buyer's marketHalton Hills39.7%Milton: 39.9% sales-to-new-listings, Buyer's marketMilton39.9%Markham: 40.3% sales-to-new-listings, BalancedMarkham40.3%Pickering: 40.5% sales-to-new-listings, BalancedPickering40.5%Toronto East: 41.6% sales-to-new-listings, BalancedToronto East41.6%Clarington: 42.4% sales-to-new-listings, BalancedClarington42.4%Whitby: 44.2% sales-to-new-listings, BalancedWhitby44.2%Ajax: 45.6% sales-to-new-listings, BalancedAjax45.6%Burlington: 45.6% sales-to-new-listings, BalancedBurlington45.6%
Sales-to-new-listings by municipality, August 2026. Source: Toronto Regional Real Estate Board (TRREB).

By region

Regional ratios are recalculated from total sales and total new listings, not averaged across municipalities — averaging ratios would weight Brock the same as Toronto Central.

RegionSalesNew listingsActiveSNLRMonths of inventory
Durham6021,4232,46742.3%4.1
Halton5711,2012,41347.5%4.2
Peel9402,2984,70640.9%5.0
Toronto1,7674,2008,72742.1%4.9
York9712,3894,91940.6%5.1

Every GTA municipality, August 2026

All 27 municipalities TRREB reports on. Sorted by region — the ranked extremes are above.

  • Buyer's market · under 40%more coming to market than leaving it
  • Balanced · 40–60%neither side has the upper hand
  • Seller's market · over 60%competition for what is listed
MunicipalitySalesNew listingsAverage priceMedian priceSales to new listingsMonths of inventorySold vs askingDays on market
Durham
Ajax72172$871,853$836,50045.6%2.999%28
Brock1347$710,997$695,46333.4%6.195%45
Clarington103249$733,960$725,00042.4%3.299%29
Oshawa143369$652,775$645,00039.5%3.699%31
Pickering105216$935,490$858,00040.5%3.798%33
Scugog1859$819,217$825,00035.2%5.197%27
Uxbridge1937$1,194,026$985,00035.5%5.396%44
Whitby129274$905,123$850,00044.2%2.999%30
Halton
Burlington193373$1,020,937$897,00045.6%3.697%38
Halton Hills53121$922,377$835,00039.7%4.196%27
Milton122286$977,576$900,00039.9%3.998%29
Oakville203421$1,324,472$1,200,00036.1%4.995%39
Peel
Brampton4401,006$886,865$826,50034.3%4.896%35
Caledon65170$1,120,586$1,020,00030.7%6.7—39
Mississauga4351,122$898,510$842,00035.9%4.897%36
Toronto
Toronto Central8822,217$1,051,186$690,00036.2%5.196%37
Toronto East425940$857,162$825,00041.6%3.699%31
Toronto West4601,043$955,789$820,00039.6%4.398%—
York
Aurora49121$1,105,004$942,00035.2%4.997%42
East Gwillimbury29106$1,058,938$999,99932.7%5.496%37
Georgina57184$819,910$815,00029.4%6.3——
King2169$1,851,310$1,725,00021.3%11.495%61
Markham282584$1,208,692$1,095,00040.3%4.198%33
Newmarket83160$1,048,321$1,000,00038.0%4.299%30
Richmond Hill161449$1,205,777$1,068,88833.1%5.697%37
Vaughan242593$1,234,758$1,148,75036.8%4.997%33
Whitchurch-Stouffville47123$1,158,512$1,014,25037.5%5.096%44

Source: Toronto Regional Real Estate Board (TRREB), August 2026, all home types. Sales-to-new-listings under 40% is generally read as a buyer's market, over 60% a seller's.

Written by

Mudit MehtaBroker of Record

Mudit Mehta is the Broker of Record at Elixir Real Estate Inc. and believes that great real estate decisions begin with thoughtful advice, objective analysis, and a genuine understanding of every client's goals. Every article on this website is personally researched and written to help buyers, sellers, and investors make informed decisions with confidence.

Where these numbers come from

Figures are Toronto Regional Real Estate Board (TRREB) data for August 2026, covering all home types. Sales-to-new-listings compares homes sold against homes newly listed in the month: below 40% is generally read as a buyer's market, above 60% a seller's, and between the two as balanced. Months of inventory is how long the current listings would last at the month's pace of sales, if nothing new came on. Full definitions of every term ↓

A month is a snapshot, not a trend, and a municipality is not a neighbourhood — the street matters more than the city line. Ask us what it means where you are, or work out the numbers on your own move with the calculators.

Terms & definitions

How to read these numbers

The measures behind every monthly report, in plain language. The thresholds are the conventional ones the industry uses — stated here so you are never asked to take them on trust.

SNLRSales-to-new-listings ratio

The share of a month's new listings that actually sold. It is the single quickest read on market balance — whether buyers or sellers hold the upper hand.

  • Below 40%Buyer's market
  • 40–60%Balanced
  • Above 60%Seller's market
MOIMonths of inventory

How long it would take to sell every active listing at the current pace of sales, if no new homes came to market. Lower means homes sell faster and sellers have more leverage.

  • Under 2Strong seller's market
  • 2–4Seller's market
  • Over 6Buyer's market
SP/LPSale-to-list price ratio

The percentage of the asking price a home actually sold for. It tracks how much room buyers have to negotiate — or whether homes are selling over asking.

  • Above 100%Sold over asking
  • 98–100%Near asking
  • Below 98%Room to negotiate
DOMDays on market

How long a home takes to sell once listed. Lower means homes are moving quickly once priced right; higher points to buyers taking their time.

  • Under 14Fast-moving
  • 14–30Normal pace
  • Over 30Slower / buyer's conditions
HPIHome Price Index

A measure of price change for a "typical" home of consistent quality and size. Unlike the average, it is not distorted when the mix of homes sold shifts — more condos one month, more detached the next.

More reliable than average price for tracking true market direction month to month.

YoYYear over year

Compares a figure to the same month a year earlier — July against last July, not against June. It strips out seasonal patterns, so a change reads as a real market shift rather than the calendar.

Sales up year over year while new listings fall is the classic sign of a tightening market.

BoC rateBank of Canada overnight rate

The rate at which major banks lend to each other overnight, set by the Bank of Canada. It drives the prime rate and variable mortgage rates — the main lever the Bank uses to cool or stimulate the economy.

Lower rates → cheaper mortgages → more buyers → upward pressure on prices.

These describe the market. What a move costs you is a different question — the calculators work out land transfer tax, closing costs and what a lender will actually approve.

Earlier reports

Get it monthly

The same figures, with what we make of them, sent once a month. No listings pushed at you, and one click to stop.