Greater Toronto’s housing market continued to soften in August 2026. The median sale price was $850,000, down 4% from the same period last year, while 5,057 homes sold—3% fewer than a year ago. For buyers, the trend may create more room to negotiate, but preparation and local market knowledge remain essential. Sellers should focus on accurate pricing, strong presentation, and a strategy tailored to current buyer activity. The market is changing, and informed decisions can make the difference. Connect with a local real estate professional for a neighbourhood-specific analysis.
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