{"id":881755,"date":"2026-09-03T09:56:12","date_gmt":"2026-09-03T09:56:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/881755\/"},"modified":"2026-09-03T09:56:12","modified_gmt":"2026-09-03T09:56:12","slug":"greater-toronto-area-home-sales-down-2-in-august-prices-dip-below-1-million-board","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/881755\/","title":{"rendered":"Greater Toronto Area home sales down 2% in August, prices dip below $1 million: board"},"content":{"rendered":"

\"\"<\/a> People look out across Lake Ontario and the Toronto Skyline from the Toronto Harbour in Toronto on Tuesday, Aug. 25, 2026. THE CANADIAN PRESS\/Keito Newman – The Canadian Press <\/p>\n

TORONTO \u2014 Home sales in the Greater Toronto Area were down in August compared with a year ago as prices also continued to fall. <\/p>\n

The Toronto Regional Real Estate Board says 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. <\/p>\n

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. <\/p>\n

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. <\/p>\n

There were 12,075 new listings on the market in August, down 14.1 per cent from last year. <\/p>\n

TRREB president Daniel Steinfeld says that 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. <\/p>\n

This report by The Canadian Press was first published Sept. 3, 2026. <\/p>\n

Sammy Hudes, The Canadian Press <\/p>\n","protected":false},"excerpt":{"rendered":"People look out across Lake Ontario and the Toronto Skyline from the Toronto Harbour in Toronto on Tuesday,…\n","protected":false},"author":2,"featured_media":881756,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[194291],"tags":[49,48,305836,944,305753,305835,3302],"class_list":["post-881755","post","type-post","status-publish","format-standard","has-post-thumbnail","category-toronto","tag-ca","tag-canada","tag-daniel-steinfeld","tag-the-canadian-press","tag-the-canadian-press-keito-newman","tag-the-toronto-regional-real-estate-board","tag-toronto"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/881755","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=881755"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/881755\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/881756"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=881755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=881755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=881755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}