Real Estate Market August 2026

17 Sep Real Estate Market August 2026

Your August 2026 real estate market update is here! Covering Oakville, Burlington, Hamilton and the surrounding areas.

Highlights of the real estate market from TREBB:

The number of homes available for sale in August 2026 was down noticeably compared to last year in the Greater Toronto Area (GTA). Home sales also edged lower, as the number of transactions was arguably limited by less choice in some neighbourhoods. Less choice and more competition between buyers could ultimately result in renewed price growth in the months ahead.

GTA REALTORS® reported 5,057 home sales through TRREB’s MLS® System in August 2026 – down 2.1% compared to August 2025. New listings entered into the MLS® System amounted to 12,075 – down by 14.1 per cent year-over-year. On a seasonally adjusted basis, August 2026 home sales were down slightly month-over-month compared to July 2026, while new listings were up.

“If inventory tightens and home prices begin to rise, some buyers may face a trade-off between waiting for greater economic certainty and purchasing before prices move higher. At the same time, improving market conditions for sellers could bring more listings to market, providing buyers with additional choice,” said Toronto Regional Real Estate Board (TRREB) President Daniel Steinfeld.

The MLS® Home Price Index (MLS® HPI) Composite benchmark was down by 4.5 per cent year-over-year in August 2026. The average selling price, at $993,410, was down by 2.7 per cent. On a month-over-month seasonally adjusted basis, MLS® HPI Composite was essentially flat compared to July 2026. The average selling price edged up over the previous month.

“Ownership housing in the GTA has remained relatively affordable over the past year, with average prices dipping and mortgage rates remaining somewhat flat. Recent news on the overall economy and job creation has been positive. The main hold-back for many households has been concerns around trade with the United States and the potential for higher inflation and borrowing costs in the future,” said TRREB’s Chief Information Officer Jason Mercer.

Highlights of the real estate market from Cornerstone (Hamilton-Burlington):

Hamilton-Burlington-Haldimand-Niagara North August 2026 Statistics:
“Market activity in the Hamilton-Burlington area fell to its lowest level in more than a decade in August, with sales down 14.5% year-over-year and new listings falling 17.7% over the same period,” said Bill Duce, CEO of Cornerstone. “While August activity is typically slower, the quieter pace likely reflects the cautious approach many buyers and sellers are taking as they navigate today’s economic landscape.

With supply tightening, the benchmark price has remained relatively stable, indicating that while the market has cooled, we are not seeing dramatic price corrections. For those who have been waiting for the right moment to enter the market, it’s important to connect with a local REALTOR^® who understands your community and neighbourhood.”

Home sales decreased 19.9% month-over-month.
The number of newly listed properties decreased by 18.1% on a month-over-month basis.
The MLS^® Home Price Index (HPI) was $728,400 in August 2026, a decrease of 0.2% compared to a month ago, and down 3.9% on a year-over-year basis.
The inventory of homes for sale across the market area decreased by 6.0% from the previous month and decreased by 11.3% year-over-year.
By the end of August, the months’ supply was 4.4 months across all property types, down from 4.6 months over the previous month and 2.2% lower than in August 2025.

Questions about buying or selling? Reach out anytime, I’d be happy to discuss the market with you!

All the latest home prices and statistics by property type and city below!

Sources for Real Estate Market Update for August 2026: Toronto Regional Real Estate Board and Cornerstone Association of REALTORS®