Greater Toronto Area home sales down 2% in August

09-Sep-2026

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Home sales in the Greater Toronto Area were down in August compared with a year ago as prices also continued to fall.

The Toronto Regional Real Estate Board said 5,057 homes changed hands last month, down 2.1 per cent year-over-year, while sales also fell 1.3 per cent from July on a seasonally adjusted basis.

The average selling price stood at $993,410, down 2.7 per cent year-over-year, while the composite benchmark price, meant to represent the typical home, was down 4.5 per cent.

It’s the second time this year that the average selling price has dipped below the $1-million level, after January marked the first instance of that happening in five years.