Toronto Home Prices See Biggest Drop of 2026, Most Inventory Since 2008 

Greater Toronto real estate’s moving fast once again, but not in the direction the industry hoped. Toronto Regional Real Estate Board (TRREB) data shows sales fell in August, while inventory has accumulated to one of the highest levels on record. The combination has produced the sharpest price drop of 2026. Toronto Real Estate Prices Back To Early 2021 Levels The price of a typical home across the Greater Toronto region. Source: TRREB; Better Dwelling. The price of a typical home slipped 0.9% (-$8.7k) to $925,900 in August, marking the sharpest monthly move this year. Prices are now 4.5% (-$43.2k) lower than last year and 27.7% (-$353.9k) below the March 2022 record high. Home prices in the region are now at their lowest level since January 2021. Toronto Home Sales Remain Unusually Weak, 2nd Worst August Since 2000 Total home sales across TRREB in August. Source: Better Dwelling; TRREB; CREA. Home sales came in slightly weaker than last year, falling 3.0% (-154) to 5,060 units in August 2026. In general, home sales in 2026 have seen a minor pullback from last year. However, since sales are falling from already weak volumes, it is worth paying attention to. Last month’s sales marked...